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SINGAPORE, November 25, 2022 /24-7PressRelease/ -- Abendroth Fortel, a leading financial-services adviser and a well-reputed commodity broker aiming to provide its clients with an array of investment opportunities in the commodity markets, today announced the release of new renewable diesel and SAF rates for the Asian markets. As countries in the region aim to cut their greenhouse gas emissions, this pricing is designed to fulfill the growing need for greater transparency in renewable fuel markets.
Recently, countries like China, Japan, and South Korea have established ambitious decarbonization goals. Several private-sector companies have also stated that by 2050, they will achieve net-zero carbon emissions.
As these countries and businesses transition away from fossil fuels, hydrotreated vegetable oil (HVO), also known as renewable diesel, is becoming more popular as a substitute for petroleum diesel. Renewable diesel can be combined with petroleum diesel or used as a stand-alone fuel.
The new Abendroth Fortel values apply to renewable diesel made from three types of feedstocks: food and feed crops, used cooking oil/palm oil mill effluent, and tallow. SAF is a low-carbon alternative to completely petroleum-based jet fuel that is manufactured from waste materials such as leftover cooking oil. It can be blended with traditional jet fuel to provide a lower-carbon alternative to entirely petroleum-based jet fuel. The Abendroth Fortel Biofuels report publishes regularly updated Asian renewable diesel and SAF rates, and the SAF price is also included in the Jet Fuel report.
"These new rates shed light on an increasingly crucial segment of Asia's diesel and jet-kerosine market. Abendroth Fortel is currently among the industry's publishers of choice for biofuels prices, so we are thrilled to be at the forefront of bringing transparency to these emerging Asian markets", said Chia Kiah Khong, Abendroth Fortel Analytics Manager.
About Abendroth Fortel
Abendroth-Fortel.com is one of the leading financial services advisers and a well-reputed commodity broker. The primary aim of the firm is to provide its clients with an array of investment opportunities in the commodity markets. Abendroth Fortel provides an unparalleled range of services like commodity trading, financial advice, alternative investments, and forex trading for both local and global investors to meet their diverse requirements. The firm's professional staff is trained to handle the highest level of service for customers of all sizes and requirements. Abendroth Fortel prefers challenging tasks that allow the company to work on the edge of its capabilities.
Abendroth-Fortel.com is one of the leading financial services advisers and a well-reputed commodity broker.
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