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

Bayer sells environmental science biz to Indian firm for $13.5 million

Bayer sells environmental science biz to Indian firm for $13.5 million

By Akshay Kedari

German multinational pharmaceutical and biotechnology company, Bayer CropScience recently stated that its board has given the go-ahead for selling its Environmental Science Business to 2022 ES Discovery India, a private Indian company. The deal wi...

Stockly to raise another $12M to expand its operations & employee base

Stockly to raise another $12M to expand its operations & employee base

By Akshay Kedari

French-based software startup, Stockly is reportedly raising another $12 million (€12 million) in a Series A round from Daphni, Eurazeo, and several other business angels. Apparently, the firm pools together the inventory of several e-commerc...

Alipay+ allies with Asian E-Wallets to boost cashless travel in South Korea

Alipay+ allies with Asian E-Wallets to boost cashless travel in South Korea

By Akshay Kedari

Amidst rising efforts for promoting cashless travel, prominent mobile payment providers in Asia have recently announced an integration of the cross-border digitalized payment solutions from Alipay+ in South Korea. With this move, users of e-wallet...

Seracle, Sumsub partner for offering enhanced KYC protocols and cybersecurity

Seracle, Sumsub partner for offering enhanced KYC protocols and cybersecurity

By Akshay Kedari

Sumsub will assist Seracle in building an innovative blockchain ecosystem Sumsub will offer enhanced security to Seracle at a time when losses due to cryptocurrency thefts have increased by about 60% to $1.9 billion Seracle, a global blockc...

CATL unveils new Module to Bracket tech for heavy-duty electric trucks

CATL unveils new Module to Bracket tech for heavy-duty electric trucks

By Akshay Kedari

CATL, a Chinese battery manufacturer and technology company, has reportedly introduced a new battery technology known as Module to Bracket (MTB) for heavy-duty electric trucks. As per reliable sources, the MTB technology deploys the battery module...