ACX launches biofuels physical trading platform in ADGM, Abu Dhabi
Retrieved on:
Tuesday, November 28, 2023
This latest expansion is a major step forward in biofuels markets as it marks the first time that a regulated trading platform is available to trade 24/5 to support these markets.
Key Points:
- This latest expansion is a major step forward in biofuels markets as it marks the first time that a regulated trading platform is available to trade 24/5 to support these markets.
- Introducing a trading platform for physical biofuels with innovative trading features, complements existing electronic windows where already over 3 million metric tonnes of biofuels are traded per year in Europe.
- Some of the contracts, particularly FOB Northwest Europe, will be aligned to existing window-traded products, enabling a natural arbitrage," said Henri-Jean Bardon, Director of Biofuels Platform at ACX.
- ACX is also introducing the first global physical SAF biofuels contract to facilitate trading upon the introduction of aviation fuel sustainability mandates in Europe that is starting January 1, 2025.