• Fastmarkets launches SAF pricing for North America: Aims to provide transparency and stability in the growing sustainable aviation fuel market.
• SAF is crucial for aviation decarbonization: Investments and regulations are pushing the industry towards cleaner fuel sources.
• Market intelligence to lead the transition: Fastmarkets positions itself as the authority on SAF pricing and market dynamics.

Fastmarkets, a leader in cross-commodity price reporting, has launched its first sustainable aviation fuel (SAF) prices for the North American market. This new initiative is designed to enhance transparency and stability in the rapidly growing SAF sector, crucial for the aviation industry’s transition to renewable fuels.

SAF plays a pivotal role in global efforts to reduce carbon emissions. Recent investments from traditional oil and gas companies, renewable refiners, airline manufacturers, operators, financial institutions, and government bodies have made SAF a commercially viable alternative to traditional jet fuel. With the aviation sector’s decarbonization efforts hinging on SAF adoption, Fastmarkets’ initiative comes at a critical juncture.

“The launch of our sustainable aviation fuel price marks a significant step towards a greener and more sustainable future for the aviation industry,” said Tore Alden, principal analyst at Fastmarkets. “By providing transparent, competitive pricing for SAF, we are not only enhancing market stability and investor confidence but also accelerating the global transition to more environmentally friendly fuel sources.“

The demand for SAF is set to surge, driven by regulatory mandates and incentives. From January 2025, the European Union will enforce its first SAF mandate, while the US introduces low-carbon tax credits to boost SAF production. These policies aim to increase US SAF output to 35 billion gallons per year by 2050 and achieve a 70% SAF usage mandate for all EU-originating flights.

Related Article: UK to Implement Mandate for 2% Sustainable Aviation Fuel by 2025, Increasing to 22% by 2040

Tim Worledge, editorial director of agriculture at Fastmarkets, emphasized the company’s role in shaping the renewable energy market: “This initiative underscores Fastmarkets’ commitment to driving positive change by setting new standards in market information and transparency within the renewable energy sector.“

By leveraging its expertise in feedstock markets, carbon credits, and subsidies, Fastmarkets is poised to become the leading authority in SAF pricing, helping the aviation industry navigate the complexities of the renewable fuel transition.