ResourceWise and ENGINE team up on new bio-bunker benchmarks

In North Carolina, ResourceWise and ENGINE announced a strategic partnership to accelerate the marine industry’s decarbonization efforts. With the launch of new bio-bunker benchmarks on the Prima CarbonZero platform, stakeholders in maritime operations now have access to vital data necessary for eco-conscious fuel procurement.

ResourceWise uses its expertise in biofuel benchmarks with ENGINE’s traditional bunker fuel data, creating indexes for Los Angeles, Singapore, and Rotterdam that represent industry yardsticks for B24 and B30 bends.

In the initial offering, market participants will gain insight from eight bio-bunker indexes, including:

·      B30 VLSFO Rotterdam HBE

·      B30 LSMGO Rotterdam HBE

·      B30 UCOME VLSFO ARA

·      B30 UCOME LSMGO ARA

·      B24 UCOME VLSFO Singapore

·      B24 UCOME LSMGO Singapore

·      B30 UCOME VLSFO Los Angeles

·      B30 UCOME LSMGO Los Angeles

These benchmarks are based on meticulously researched pricing dynamics that are adapted for local biofuel markets, fossil fuel supply considerations, and regulatory requirements.

In Europe, the series indexes bio blends according to whether they are eligible for rebates under the Dutch HBE system. Specifically, bio blends composed of advanced bio-based feedstocks as per Annex IX Part A of the EU’s updated Renewable Energy Directive (RED II) include deductions according to ResourceWise’s daily assessment of HBE ticket prices.

The data series, which is delivered by ResourceWise and ENGINE, is now available on Prima CarbonZero. The low-carbon fuel and feedstocks platform combines pricing and analytics with insightful market commentary and industry deep dives. The platform further addresses the economics of future fuels for shipping, including e-methanol and ammonia.