#Singapore #SAF #Argus Media #HVO

Argus Launches Pioneering Assessments for SAF and HVO in Asia

In a significant advancement for the energy sector, Argus, a respected global agency specializing in energy and commodity price reporting, has announced the launch of the first assessed prices for Sustainable Aviation Fuel (SAF) and Hydrotreated Vegetable Oil (HVO) originating from the Strait of Malacca. This pioneering initiative represents a turning point for the transparency and operational effectiveness in the growing biofuels market in Southeast Asia.

Expansion of Biofuels Capacity

The Strait of Malacca, recognized as a crucial production hub for these renewables, is poised for substantial growth. By mid-2026, Argus anticipates that Singapore, Malaysia, and Thailand will collectively possess a hydrotreated biofuels capacity exceeding 3.3 million tons per year. This expansion aligns closely with global energy trends and emerging demands for sustainable fuel options.

Argus Media's Chairman and CEO, Adrian Binks, shared his optimism about the launch, stating, "We are pleased to launch these new assessments at a pivotal moment for regional markets. Increased intra-regional trade flows are expected due to new SAF targets and established connections to regulated European markets." This change is critical as international authorities continue to emphasize renewable fuel use and environmental sustainability across the aviation industry.

Regional Initiatives and SAFE Goals

Singapore has set an ambitious target to incorporate 1% SAF into flights leaving the country by the year 2026. To support this pioneering effort, the nation has implemented various policy mechanisms aimed at achieving this goal, setting a precedent as the first Asian country to do so. Other nations, including South Korea, Thailand, Indonesia, and India, are following suit, with establishing SAF targets set to commence within the next year.

Additionally, discussions are underway in Malaysia regarding similar regulatory measures. These developments underscore the dynamic nature of the region's biofuels policies and the urgency for reliable pricing mechanisms to manage these transitions effectively.

Comprehensive Coverage of Renewable Fuel Prices

The introduction of these assessed prices enhances Argus’ existing suite of regional hydrotreated biofuels assessments, adding to the current offerings which include FOB China SAF assessments launched in January 2023 as well as Singapore's SAF and HVO netbacks dating back to November 2020. The comprehensive integration of these assessments will provide stakeholders with essential tools to navigate price fluctuations effectively within the Asia-Pacific renewable fuel market.

About Argus Media

Founded in 1970, Argus Media has established itself as a leading independent provider of market intelligence for the global energy and commodity sectors. With a team of nearly 1,500 employees spread across 30 offices worldwide, Argus plays a crucial role in delivering reliable price assessments, news, analytics, and consulting services that inform decision-making processes for companies, governments, and trading firms in over 160 countries. Their robust pricing data has become a standardized benchmark across various markets for transportation, commodities, and energy, aiding long-term strategic planning and risk management.

In closing, the launch of SAF and HVO pricing assessments by Argus not only signifies a leap forward for Southeast Asia’s biofuel potential but also positions the region as a competitive player in the global renewable energy landscape. As countries continue to collaborate and establish regulatory frameworks for sustainable fuel production, the need for transparent and accurate pricing measures becomes increasingly critical. This proactive approach will undoubtedly enhance operational efficiencies and foster growth within the biofuels sector.