Global commodity exchange ACX has launched a biofuels physical trading platform in Abu Dhabi.

Part of the ACX Group, the company’s ACXBiofuels physical trading platform would cover trading in fatty acid methyl esters (FAME), rapeseed methyl ester (RME), used cooking oil methyl ester (UCOME), hydrotreated vegetable oil (HVO), palm oil methyl ester (PME) and sustainable aviation fuel (SAF), ACX said on 28 November.

The company said it was also launching a global contract for key feedstocks including used cooking oil (UCO) and palm oil mill effluent (POME).

“ACX’s range of biofuels products are expected to boost price transparency and awareness of biofuels pricing worldwide, as all participants trading in ACX’s market will also be certified under the International Sustainability & Carbon Certification program (ISCC),” ACX co-founder and co-CEO William Pazos said.

All the contracts were aligned to customary physical contracts that were already widely traded in the market, Henri-Jean Bardon, director of Biofuels Platform at ACX, said.

“Some of the contracts, particularly FOB Northwest Europe, will be aligned to existing window-traded products, enabling a natural arbitrage,” Bardon added.