Prices gain sharply in Rotterdam, Dutch rebates fall below $140/mt, reports engine.online.
Singapore
Singapore’s B24-VLSFO UCOME price has dropped by a sharp $13/mt in the past week, closely tracking a $14/mt decline in the underlying ENGINE conventional VLSFO price. Meanwhile, the B24-LSMGO UCOME price has seen a smaller decrease of $6/mt.
The cancellation of China’s 13% tax rebate for used cooking oil (UCO) exports, effective 1 December, is anticipated to boost the domestic availability of UCO, making more of the feedstock available for sustainable aviation fuel production and bunkering.
Rotterdam
Rotterdam’s B30-VLSFO HBE and B30-LSMGO HBE prices have risen by $34-35/mt in the past week. These gains have been supported by an increase in the price of palm oil mill effluent methyl ester (POMEME).
PRIMA assessed the POMEME price in the ARA at $1,463/mt on Friday, up by a massive $71/mt in the past week. POMEME is one of the most popular advanced biofuel feedstocks, and POMEME-based biofuels qualify for advanced biofuel rebates through the Dutch HBE system.
Biofuel price premiums over pure conventional fuels in Rotterdam are $186/mt for B30-VLSFO HBE blends and $137/mt for B30-LSMGO HBE blends. These premiums have widened by $58-59/mt on the week.
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Source: Engine.online
