Argus launches new European biopropane costs.
International power and commodity value reporting company Argus has launched European biopropane costs, finishing its suite of costs masking the fast-expanding European marketplace for hydrotreated biofuels.
Hydrotreating animal and vegetable fat is a comparatively latest refining know-how that allows sustainable biofuel feedstocks comparable to vegetable and waste oils and animal fat to be transformed into fuels that may substitute for standard hydrocarbon-derived oil merchandise.
The brand new every day value for biopropane joins Argus’ present European assessments for HVO (hydrotreated vegetable oil, also referred to as renewable diesel), SAF (sustainable aviation gas) and bionaphtha.
These costs are all underpinned by Argus’ clear and impartial evaluation methodology.
Over the previous three years, Argus UCO (used cooking -oil) primarily based HVO Class II costs have turn into considered a trusted benchmark for the street transport sector, and Argus UCO-based SAF and bionaphtha costs are actually thought of key references for stakeholders within the aviation and petrochemicals industries.
The brand new Argus biopropane evaluation is a every day delivered value to the Amsterdam-Rotterdam-Antwerp area providing a market-led value reference for the rising renewable LPG market. The evaluation focuses on biopropane produced from UCO.
Biopropane is derived from bioLPG, a by-product of HVO and SAF manufacturing. It may be used as a direct alternative for standard propane in all its conventional purposes within the street transport and petrochemicals sectors and for off-grid heating.
Adrian Binks, Argus Media chairman and chief govt stated:
European manufacturing of biopropane is ready to develop dramatically consistent with rising demand for HVO and SAF.
“Stakeholders in each mandated and non-mandated markets are exploring choices to decarbonise in essentially the most environment friendly approach. Our suite of European hydrotreated biofuels costs affords market contributors throughout a number of industries higher transparency upon which to base funding and danger administration choices to scale back their carbon footprint.”
READ the newest information shaping the biofuels market at Biofuels Central
Argus launches new European biopropane costs, London, October 3, 2023
