Platts to Modify CFPC Calculation for BBD, SAF and RIN Multiplier for RD

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, 2026.

The CFPC updates will impact the biodiesel, renewable diesel (RD) and SAF assessments. The RIN multiplier update will impact the RD assessments.

The modifications are based on the latest guidance stated in the One Big Beautiful Bill Act, and the proposed rule for the Renewable Fuel Standard (RFS) for 2026 and 2027.

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Clean Fuel Production Credit

According to the One Big Beautiful Bill Act, 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 One Big Beautiful Bill Act, the maximum credit value for biomass-based diesel produced in 2026 is 100 cents/gal.

The assessments impacted will be:

Biodiesel B 100 SME Chicago, Biodiesel B 100 SME Houston, R100 San Francisco, R100 Los Angeles, SAF CA, SAF IL, and SAF Cost of Production (H-S, Tallow) with Credits USWC.

RIN Multiplier

According to the proposed rule for the Renewable Fuel Standard for 2026 and 2027, the equivalence value for renewable diesel specified would change to 1.60 RIN/gal from 1.70 RIN/gal.

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

The assessments impacted will be:

R100 San Francisco, R100 Los Angeles, RD Soybean Oil Margin Indicator, and RD Tallow Margin Indicator.

The Platts Global Biofuels Specifications Guide provides further details.

Platts publishes 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.