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Astra, Adamant Complete 1st Advanced Fame 0 Trade on Argus Open Markets Platform

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Renewable energy firm Astra Energy initiated a deal to buy Advanced Fame 0 fob ARA from Italian firm Adamant on Argus Open Markets on May 28, marking the first transaction for the grade since its launch on the price-discovery platform, Argus Media said Tuesday.

The Argus RED Advanced Fame 0 CFPP fob ARA, stands for Fatty Acid Methyl Ester 0 cold filter plugging point for free-on-board delivery in the Amsterdam-Rotterdam-Antwerp hub.

It is a daily price assessment for advanced biodiesel produced from waste-based feedstocks eligible under the European Union's Renewable Energy Directive II, Annex IX, Part A, according to Argus.

Bulgarian producer Astra initiated the May 28 deal to buy Advanced Fame 0 fob ARA range material from Italian company Adamant, marking the grade's first trade on the platform.

Advanced Fame 0 fob ARA grade has a CFPP of 0 degrees Celsius and, like other biodiesel grades such as Fame 0, Used Cooking Oil Methyl Ester, or Ucome, and Rapeseed Methyl Ester or RME, is blended into diesel to help meet renewable energy targets, according to Argus. It is classified by its feedstock base, which consists exclusively of qualifying EU Annex IX Part A waste materials.

Market participants have traditionally traded Advanced Fame 0 at a differential to Ucome, Argus said.

Under the FOB delivery model, the seller delivers the goods onto the vessel at the named port of shipment. The buyer pays for ocean freight, insurance, and subsequent costs.

Intercontinental Exchange (ICE) launched an Argus-settled Advanced Fame 0 futures contract last month, and the contract has already recorded trades.

Different regulatory frameworks for the two waste-based fuels have widened supply-demand dynamics, increasing demand for standalone pricing and hedging instruments.

"We are pleased that market participants are embracing our AOM platform, which offers streamlined trade initiation, aids price transparency and provides a digital footprint that assists compliance," Argus Media Chairman and Chief Executive Adrian Binks said.

He added biofuels markets continue to evolve as regulatory mandates take effect, while Argus pricing benchmarks across biofuels, feedstocks and renewable fuels serve as industry standards for risk management and term contracts.

Argus operates Open Markets platforms across European and Asian biofuels, liquefied petroleum gas and West African crude oil markets, providing real-time price transparency and trade initiation tools.

Price: $141.41, Change: $+2.35, Percent Change: +1.69%

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