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Fastmarkets is launching two price assessments for palm oil mill effluent (POME) for loading out of ports in Malaysia in Indonesia, to meet growing interest from biofuel producers and consumers in Europe and other parts of Asia.
The first publication of these two price assessments will be on Thursday December 4 and will be published weekly at 4:30pm Singapore time. One price will reflect crude product loading out of Malaysia, while the other price will reflect refined product loading out of Indonesia, reflecting legislative changes impacting POME exports in Indonesia.
Palm oil mill effluent is a byproduct of palm oil production and refining. It is classified as an advanced feedstock under the terms of the EU Renewable Energy Directive, and its use is incentivized in numerous member states of the bloc. It is also increasingly used elsewhere in Asia to produce biofuels such as hydrotreated vegetable oil and sustainable aviation fuel.
The specifications are as follows:AG-PLM-0035 Crude palm oil mill effluent, fob MalaysiaFFA: 30% minimumMoisture and impurities: maximum 3%Size: 2-5,000 metric tonnesLocation: FOB Port Klang, Pasir Gudang, Lahad DatuCertification: ISCC certifiedTotal fatty matter: min 95%Loading: 30-45 days aheadUnit: USD/tonnePublication: Weekly on Thursday, 4:30 pm Singapore time
AG-PLM-0036 Refined palm oil mill effluent, fob IndonesiaFFA: 5% maximumMoisture and impurities: maximum 2%Size: 2-5,000 metric tonnesLocation: FOB Dumai and BelawanCertification: ISCCTotal fatty matter: min 95%Loading 30-45 days aheadUnit: USD/tonnePublication: Weekly on Thursday, 4:30 pm Singapore time
These prices will be a part of the Fastmarkets fats, oils and biofuels package.
Two months of historical data will be available soon, pending completion of minor technical updates.
To provide feedback on this price or if you would like to provide price information by becoming a data submitter to this price, please contact pricing@fastmarkets.com and agriculture@fastmarkets.com. Please add the subject heading “re: palm oil mill effluent (POME)”
Please indicate if comments are confidential. Fastmarkets will consider all comments received and will make comments not marked as confidential available upon request.
To see all Fastmarkets pricing methodology and specification documents, go to the Fastmarkets methodology page.