Platts to modify CFPC calculation, RIN multiplier for some biofuel assessments

Platts, part of S&P Global Commodity Insights, will update the clean fuel production credit (CFPC) calculation and the renewable identification number (RIN) multiplier used in some biofuels assessments, effective Jan. 5.

The CFPC updates will impact the biodiesel, renewable diesel and sustainable aviation fuel (SAF) assessments.

The RIN multiplier update will impact the renewable diesel assessments.

The modifications are based on the latest guidance stated in the “big, beautiful bill” passed in July and the proposed rule for the Renewable Fuel Standard for 2026 and 2027.

CFPC

According to the new law, the carbon intensity (CI) will be rounded to the nearest multiple of 5 kgCO2/MMBtu to calculate the CFPC.

Therefore, Platts will calculate the CFPC as follows:

(50 – CI rounded) /50 x maximum credit value

The actual CI (in kgCO2/MMBtu) for every fuel is stated in Platts methodology.

In line with the law, the maximum credit value for biomass-based diesel produced in 2026 is $1 per gallon.

The assessments impacted will be:

RIN multiplier

According to the proposed rule for the RFS for 2026 and 2027, the equivalence value for renewable diesel specified would change to 1.6 RINs per gallon from 1.7 RINs per gallon.

Therefore, Platts will change the RIN multiplier for all renewable diesel assessments with credits attached.

The assessments impacted will be:

Platts Global Biofuels Specifications Guide can be found here.

Platts publishes the biomass-based diesel and SAF prices in Platts Connect, Biofuelscan, Biomass-Based Diesel Report and fixed pages PBF0010, PBF0011 and PBF0012.

SAF prices also appear in the Oilgram Price Report, Global Ethanol Report and fixed pages PGA 0158, PRF 0158, PGA 0450, PRF 0450, PGA 0480, PRF 0480, PGA0483 and PRF0483.

Platts is requesting feedback, comments or questions on these decisions be submitted to mrts_biofuelsandfeedstocks@spglobal.com and pricegroup@spglobal.com.

For written comments, Platts is asking for the submitter to provide a clear indication if comments are not intended for publication by Platts for public viewing.

Platts said it will consider all comments received and will make comments not marked as confidential available upon request.