Argus Media reveals first SAF and renewable diesel prices for Asia

By Akshay Kedari  Date: 2020-12-08

Argus Media reveals first SAF and renewable diesel prices for Asia

In recent developments, UK-based multinational independent media organization, Argus Media Ltd has reportedly launched the first renewable diesel and SAF (sustainable aviation fuel) prices for Asia. The new prices for SAF as well as renewable diesel are included in the Argus Jet Fuel report and will be published on a daily basis in the Argus Biofuels report.

For the record, sustainable aviation fuel or SAF is derived from waste products such as wood waste, agricultural residue, and cooking oil. It can be mixed with conventional jet fuel to be used as a comparatively more environment-friendly alternative over petroleum-based jet fuel.

The recent assessment is aimed at meeting the surging need for greater transparency in the renewable fuel business sphere among Asian countries which are striving to reduce greenhouse gas (GHG) emissions.

With that being said, the demand for SAF has significantly escalated since the recent past, owing to supportive government incentive programs and decarbonization targets, predominantly in South Korea, Japan and China. Moreover, a large number of private sector organizations have announced their aim to achieve net zero carbon emissions by the year 2050.

CEO and Media Chairman of Argus Media Ltd., Adrian Binks, in a statement that the company is already the industry's publisher of choice for European biofuels prices. The revisited prices shed light upon the growing importance of diesel and jet-kerosene pool in the Asian continent, he added.

If sources are to be believed, the new prices launched by Argus are for renewable diesel derived from three different groups of feedstocks, namely tallow, used palm oil/cooking oil mill effluent and food & feed crops.

About Argus Media Limited

With over 1000 employees and 25, London-headquartered Argus Media Ltd. is a leading independent media company that conducts price assessments and analysis of international energy as well as other commodity marketplaces.

Source credits: https://www.prnewswire.com/news-releases/argus-launches-first-asian-renewable-diesel-and-saf-prices-301186991.html

About Author

Akshay Kedari     aeresearch.net

Akshay Kedari

A qualified computer engineering graduate, Akshay Kedari takes pride in having his way with words. Following his passion for content creation, he writes insightful pieces on aeresearch.net and a few other portals. Also endorsed with a short-term experience in web deve...

Read More

More News By Akshay Kedari

Televisa and Univision announce merger; launch a Spanish media company

Televisa and Univision announce merger; launch a Spanish media company

By Akshay Kedari

The collaboration is aimed at expanding the video streaming portfolio in Spanish-speaking markets. Television Univision has raised USD 1 billion in a Series C funding round led by SoftBank Group Corporation. In recent developments, Mexican broad...

Klevu launches Discovery Suite to boost online retail conversion rates

Klevu launches Discovery Suite to boost online retail conversion rates

By Akshay Kedari

Klevu Oy, a leading provider of AI-based search technologies for online retailers, has reportedly launched a comprehensive solution called Discovery Suite that can allow brands to capture shoppers’ intent in order to improve their conversion ra...

SK Group acquires 16.3% stake in VinCommerce for USD 410 million

SK Group acquires 16.3% stake in VinCommerce for USD 410 million

By Akshay Kedari

SK Group of South Korea has purchased 16.3% of Vincommerce, Vietnams leading retail business operator, for USD 410 million in a bid to broaden its presence in the Southeast Asian region’s customer retailer sector. Sources close to the matter s...

Snapchat exploring options to bypass Apple’s upcoming privacy policies

Snapchat exploring options to bypass Apple’s upcoming privacy policies

By Akshay Kedari

Reportedly, American camera and social media company Snap Inc. is exploring different methods to circumvent Apple’s upcoming privacy regulations which will prohibit apps from collecting iPhone user information. Apple’s highly controversi...

SK Innovation might pull its battery business from the United States

SK Innovation might pull its battery business from the United States

By Akshay Kedari

SK Innovation Co., a South Korea-based petrochemical, energy, and e-mobility battery manufacturer, has recently announced its plans of withdrawing its battery operations from America if U.S. President Joe Biden fails to overrule a trade panel decisio...