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Argent expands 2G biodiesel capacity in Amsterdam

  • : Biofuels
  • 22/05/24

Biofuels producer Argent Energy announced today it is expanding its second-generation biodiesel production capacity in the port of Amsterdam to 540,000 t/yr.

Argent Energy has produced biodiesel made from waste organic fats and oils since 2005. These raw materials have few or no alternative applications. In 2018 the company invested in a biodiesel facility in Amsterdam's western docklands, which added to its production plants in England and Scotland. Argent Energy will scale up production by 440,000 t/yr of biodiesel at the Amsterdam site, bringing total production capacity there to 540,000 t/yr. No timeline was given for completion.

The company said the expansion is in line with the Dutch coalition agreement's plans for clean mobility and the promotion of biofuels that avoid impacting food supplies. The aim is to provide a significant contribution to the reduction of greenhouse gas (GHG) emissions in road and maritime transport with a particular focus on the heavy-duty vehicles sector, Argent said.

According to the Dutch coalition agreement, the Netherlands has set its CO2 reduction target at 60pc in 2030, and plans include cleaner mobility through the promotion of biofuels blending. Amsterdam aims to be climate neutral by 2050, according to the 'Roadmap Amsterdam Climate Neutral 2050'. The city aims to reduce its CO2 emissions by 55pc in 2030 and 95pc in 2050.


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25/05/08

HSFO defies the green tide

HSFO defies the green tide

New York, 8 May (Argus) — High-sulphur fuel oil (HSFO), once seen as a fading relic, is proving remarkably resilient (see table) despite the maritime sector's push toward decarbonization. The fuel remains economically attractive thanks to persistent scrubber investments and regulatory frameworks that fail to fully penalize its use. Under the EU notation, HSFO and very low-sulphur fuel oil (VLSFO) are assigned the same calorific and greenhouse gas emission values. This equivalence means that ships fitted with scrubbers — systems that strip out sulphur oxides — face no additional penalties for choosing HSFO over VLSFO. As a result, greenhouse gas fees under FuelEU Maritime and the EU emissions trading system (ETS) offer no disincentive for scrubber users to stick with cheaper HSFO. In March 2025, the VLSFO-HSFO spread in Singapore narrowed to just $44/t, the lowest since the IMO 2020 sulphur cap took effect. At that level, a scrubber on a capesize bulker pays for itself in under two years. When the spread averaged $122/t in 2024, the payback period was about eight months. Even in regulated markets like Europe, economics favor HSFO. Under the EU ETS, ships operating in, out of or between EU ports must pay for 70pc of their CO2 emissions in 2025. In Rotterdam, bunker prices including ETS surcharges still favor HSFO: $575/t for HSFO, $605/t for VLSFO, and $783/t for a B30 Used cooking oil methyl ester blend. While biofuels, methanol and LNG are inching forward in market share, they remain cost-prohibitive. In the meantime, HSFO, with scrubber backing, continues to punch above its environmental weight. By Stefka Wechsler Selected ports marine fuel demand t % Chg 1Q 25-1Q 24 1Q 2025 less 1Q 2024 1Q 2025 1Q 2024 Singapore HSFO 1.0% 33,160.0 4,898,372.0 4,865,212.0 VLSFO/ULSFO -13.0% -1,005,951.0 6,829,667.0 7,835,618.0 MGO/MDO -5.0% -49,012.0 907,874.0 956,886.0 biofuel blends 187.0% 237,552.0 364,418.0 126,866.0 LNG 34.0% 25,935.0 101,856.0 75,921.0 Rotterdam HSFO 1.0% 11,169.0 829,197.0 818,028.0 VLSFO/ULSFO 14.0% 118,670.0 976,249.0 857,579.0 MGO/MDO 3.0% 9,662.0 393,071.0 383,409.0 biofuel blends -60.0% -158,597.0 104,037.0 262,634.0 LNG 7.0% 7.0 104.0 97.0 Panama HSFO 22.0% 65,266.0 362,388.0 297,122.0 VLSFO/ULSFO 25.0% 177,296.0 878,776.0 701,480.0 MGO/MDO 22.0% 27,097.0 150,980.0 123,883.0 — Maritime and Port Authority of Singapore, Rotterdam Port Authority and Panama Canal Authority Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Bangchak tests runs at Thai SAF plant before 3Q launch


25/05/08
25/05/08

Bangchak tests runs at Thai SAF plant before 3Q launch

Singapore, 8 May (Argus) — Thai energy group Bangchak is conducting test runs at its sustainable aviation fuel (SAF) plant in Bangkok before likely starting regular production in the third quarter, sources close to the company said. The plant, which is also the country's first SAF plant, will have an initial production capacity of 1mn litres/d. It will mainly consume ISCC-certified used cooking oil (UCO) as feedstock for SAF production via the hydroprocessed esters and fatty acids (HEFA) pathway. Other feedstocks could also be explored in the future, company sources said. The plant will also produce byproducts such as bio-LPG and bionaphtha. Its SAF production process was developed in collaboration with Belgian biofuels processing technology company Desmet, which provided feedstock pre-treatment technologies, and US technology firm UOP Honeywell, a pioneer in hydroprocessing systems, according to Bangchak. Thailand is currently considering the introduction of a SAF mandate at a 1pc blend rate from 2026, with proposals to increase this to 3pc in 2030 and 8pc by 2037. But firm details on implementation mechanisms have yet to be announced. Thailand's board of investment in January approved corporate tax exemptions for SAF producers and investors in the country for a period ranging over 3-8 years. Bangchak has already secured offtake for some of its initial production volumes. The firm last year entered an agreement with oil major Shell's Singapore-based subsidiary to supply SAF from its plant. Bangchak also previously signed another supply agreement with Japanese refiner Cosmo Oil in December 2023, but volumes are still under discussion, a company source said. The Argus fob Singapore SAF netback price has been on a downtrend since late last year, reaching a record lows of $1,668/t on 5 March, and also marking the lowest since Argus ' assessments started in November 2020. The price was at $1,682/t on 7 May. By Sarah Giam Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

IMO GHG pricing falls short on green methanol, ammonia


25/05/07
25/05/07

IMO GHG pricing falls short on green methanol, ammonia

New York, 7 May (Argus) — The International Maritime Organization's (IMO) proposed global greenhouse gas (GHG) pricing mechanism might not drive significant uptake of green methanol and green ammonia by 2035, given current market prices. Despite introducing penalties on high-emission fuels use and tradable surplus credits for low-emission fuels, the mechanism does not sufficiently close the cost gap for green alternatives. Under the system, starting in 2028 ship operators will face a two-tier penalty: $100/t CO₂e for emissions between the base and direct GHG intensity limit, and $380/t CO₂e for those exceeding the looser base limit. These thresholds will tighten annually through 2035. Ship operators can earn tradable credits for overcompliance when their GHG emissions fall below the direct limit. Assuming a surplus CO₂e credit value of $72/t — mirroring April 2025's average EU emissions trading system price — green ammonia would earn about $215/t in surplus credits in 2028 (see chart) . This barely offsets its April spot price of $2,830/t VLSFO equivalent in northwest Europe. Bio-methanol would receive about $175/t in credits, offering minimal relief on its $2,318/t April spot price. Currently, unsubsidized northwest Europe bio-LNG sits mid-range among bunker fuel options under IMO's emissions framework. While more expensive than HSFO, grey LNG, and B30 bioblends, the bio-LNG is cheaper than B100 (pure used cooking oil methyl ester), green ammonia, and bio-methanol. To become cost-competitive with unsubsidized bio-LNG — priced at $1,185/t in April 2025 — green ammonia and bio-methanol prices would need to fall by 57pc and 49pc, respectively, to around $1,220/t VLSFOe and $1,180/t VLSFOe by 2028. Unless green fuel prices drop significantly or fossil fuel prices rise, the IMO's structure alone provides insufficient economic incentive to accelerate green ammonia and bio-methanol adoption at scale. By Stefka Wechsler NW Europe, fuel prices plus IMO penalties and credits Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Germany doubts suspended HVO producer exists


25/05/06
25/05/06

Germany doubts suspended HVO producer exists

London, 6 May (Argus) — German regulators have said a producer of hydrotreated vegetable oil (HVO) that has been using the country's Nabisy biomass registry may not exist. The federal office of agriculture and food (BLE) said an investigation begun in mid-April found that biofuels sustainability verification scheme ISCC withdrew the suspended user's certification on 8 January, excluding the operator from the scheme for 48 months because of "a lack of co-operation with the ISCC integrity programme". The BLE had suspended Nabisy access for the company, which had the ID EU-BM-13-SSt-10022652. The company was listed on its ISCC certificate as based in the UAE, and provided an address in Hong Kong for its audit, BLE said. Matching details provided by BLE with Argus research show the producer is likely to be EcoSolution, which said it was producing HVO from crude tall oil, used cooking oil (UCO) and spent bleaching earth oil. The company's audit was done by certification body Certi W Baltic on 5 September 2024, according to ISCC documentation. Argus could not locate a biofuels producer by the name of EcoSolution for comment. Argus asked Certi W Baltic and the ISCC for comment but did not receive responses by the time of publication. BLE said it was suspicious that the concerned producer booked all of its proof of sustainability (PoS) onto the Nabisy account of a supplier whose certification records show an address in the Netherlands. But that company's audit report shows the same Hong Kong address as EcoSolution. ISCC certification of the Dutch supplier remains active, but the BLE also has "considerable doubts" about that company's existence. ISCC audit records show AEY Trading received ISCC 'trader with storage' certification on the same day as EcoSolution, also from Certi W Baltic. Certi W's audit summary shows AEY received an on-site audit on 8 September from the same auditor as EcoSolution. Any PoS issued by the suspended producer, which had been temporarily frozen, have been unblocked and will remain valid based on the 'protection of confidence' principle laid out in the German biofuels sustainability ordinance, which protects buyers in the biofuels market. To delete affected PoS that have been sold to others, the BLE would need to prove the buyer was aware of any fraud in relation to the product purchased. In practice this is "almost impossible", according to German biofuels association VDB. "The protection of confidence principle has become a free pass for lack of due diligence and care," the association said. "Today, European biofuels market participants do not have to worry about any consequences if they buy cheap biofuels with dubious origin." VDB wants urgent reform of the corresponding part of legislation, to grant the BLE more power when it comes to revoking fraudulent sustainability paperwork. PoS that has been re-released into the market could comprise a large amount of HVO, possibly in the hundreds of thousands of tons, according to market participants. By Sophie Barthel and Simone Burgin Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

WEF, GenZero launch Asia-Pacific SAF initiative


25/05/05
25/05/05

WEF, GenZero launch Asia-Pacific SAF initiative

Singapore, 5 May (Argus) — The World Economic Forum (WEF) and Singaporean investment platform GenZero have jointly launched the Green Fuel Forward initiative to encourage demand for sustainable aviation fuel (SAF) in the Asia-Pacific region. WEF and GenZero — a subsidiary of state-owned investment firm Temasek — announced the launch during the GenZero Climate Summit 2025 in Singapore on 5 May. The initiative aims to scale the region's aviation decarbonisation infrastructure and demand for SAF. It plans to do this through initiatives such as workshops and practical guidance tools to help organisations navigate key topics like environmental integrity, book-and-claim systems, and reporting practices for SAF and SAF certificates. The initiative is expected to bring together airlines, logistics providers, and corporates operating in the region. Organisations including Air New Zealand, Boeing, DHL, the International Energy Agency (IEA), Neste, Qantas, Roundtable on Sustainable Biomaterials (RSBO) and Singapore Airlines have already agreed to participate. Airlines and organisations based in Asia-Pacific which are interested in procuring SAF and SAF certificates can participate in the initiative, said GenZero. By "mobilising corporates and airlines, we can create the certainty needed to spur innovation, scale production, and make lower-emission flights a reality", said GenZero's chief executive Frederick Teo. Finnish SAF producer Neste said it is "committed to contributing our expertise and resources to help scale SAF demand and production," while Singapore Airlines said it is a "useful platform to unite airlines and corporates in building shared demand". By Deborah Sun Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

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