S&P Global Commodity Insights launches eWindow for Asian biofuels and feedstock

In Singapore, S&P Global Commodity Insights launched the Platts Editorial Window (eWindow) communication tool for assessing the tradable value of physical Asian Biofuels and Feedstock FOB Straits and China. The firm said that the Platts eWindow communication online data-entry and communications tool brings greater speed, transparency and efficiency to the Platts Market-on-Close (MOC) price assessment processes. Andrei Agapi, APAC associate pricing director for Agriculture, S&P Global Commodity Insights, said: “The expansion of Platts Editorial Window (eWindow) to support Platts MOC for Asian Biofuels and Feedstock marks a further milestone in the maturity and rapid commoditization of the market. This latest addition to the Platts Asian biofuels price assessment offering will provide valuable insight into an important energy source and further enhance transparency for the physical cargo market. Market participants can now submit outright and time spread bids and offers for publication directly through the eWindow communication tool.” “With the continued drive towards reducing our carbon footprint in the transportation sector, the world is increasingly exploring the use of second-generation biofuels. This new generation of biofuels increasingly relies on the supply of oils-derived vegetable waste materials such as Used Cooking Oil (UCO) that has seen a rapid growth in liquidity over the past three years. According to analytics data from S&P Global Commodity Insights, forecasted biofuels demand will exceed 3.25 million barrels per day by 2025, and much of the growth will be attributed to biodiesel, renewable diesel and sustainable aviation fuel (SAF),” the executive said.

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