OPIS to Launch U.S. West Coast Renewable Diesel Fuel and Sustainable Aviation Fuel Prices
Rockville, MD — OPIS, A Dow Jones Company, the leading source for energy and commodity pricing information, is responding to the growing demand for transparency in the low-carbon fuels market with the introduction of new daily price assessments for U.S. West Coast renewable diesel fuel and sustainable aviation fuel.
Beginning on December 5, 2023, OPIS will assess prices for Los Angeles and San Francisco renewable diesel fuel and sustainable aviation fuel based on confirmed price intelligence reported by approved market participants. Specific assessments will include:
U.S. West Coast Renewable Diesel (RD) Fuel
- Los Angeles RD 99% without Credits ($/gal)
- San Francisco RD 99% without Credits ($/gal)
- Los Angeles RD 100% with Credits ($/gal)
- San Francisco RD 100% with Credits ($/gal)
U.S. West Coast Sustainable Aviation Fuel (SAF)
- Los Angeles SAF 99% without Credits ($/gal)
- San Francisco SAF 99% without Credits ($/gal)
- Los Angeles SAF 100% with Credits ($/gal)
- San Francisco SAF 100% with Credits ($/gal)
The new daily price assessments for renewable diesel fuel and sustainable aviation fuel complement existing OPIS price benchmarks in the U.S. West Coast fuels market. These assessments will be available in the OPIS Ethanol and Biofuels Daily Report starting December 5, and will be introduced into OPIS West Coast Spot Market Report soon after.
“As the transportation industry undergoes a significant shift towards low-carbon fuels, replacing traditional fossil fuels during the global energy transition, OPIS is at the forefront of meeting the industry’s demand for clear, accurate pricing information,” said Lisa Street, executive director of climate and carbon markets at OPIS. “The expansion of the OPIS Ethanol and Biofuels Daily Report marks a significant milestone, offering our customers more comprehensive insights and critical pricing information into the rapidly evolving renewable fuels market.”
Jordan Godwin, director of renewables markets at OPIS, and Bayan Raji, managing editor of West Coast refined products markets at OPIS, have worked collaboratively with industry stakeholders to develop a pricing methodology that stands as a cornerstone for transparent, trade-day-driven pricing. This methodology ensures that OPIS customers receive the most accurate and fair pricing assessments possible for the fast-growing renewable fuels markets.
The OPIS renewable diesel fuel and sustainable aviation fuel assessments reflect confirmed market transactions, bids and offers. Full details about OPIS pricing methodologies are available at opisnet.com/about/methodology.
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OPIS, a Dow Jones company, provides accurate pricing, real-time news and expert analysis across the global fuel supply chain, including the Spot, Wholesale Rack and Retail markets. OPIS and its brands, McCloskey, PetroChem Wire, Axxis and Chemical Market Analytics, enable customers to buy and sell energy commodities with confidence across the globe via easy access to transparent data, expert-level customer support, educational events and energy data solutions.
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