Baltic Exchange highlighted the growing importance of freight benchmarking across the biofuels, chemical and agricultural oil sectors during the 2nd Annual Biofuels Congress in Chicago last week, joining industry leaders to discuss the evolving global renewable fuels market.

Paul Mazzarulli, Sales Manager - Chemicals & Specialised Products, presented to an international audience of commodity traders, legal and tax professionals, policy experts, oil companies, engineers and market participants from across the globe, including delegates from Brazil, Poland and Switzerland. His presentation explored how transparent freight data is supporting increasingly complex supply chains for ethanol, biodiesel, grain trading, used cooking oil (UCO) and other renewable fuel feedstocks.

The congress brought together stakeholders from across the renewable fuels industry to examine the technological, commercial and regulatory developments shaping global biofuels markets. Discussions focused on improving efficiency, overcoming infrastructure and feedstock challenges, and supporting the continued growth of sustainable fuels through greater collaboration across the supply chain.

The Baltic’s participation reflects its continued expansion into specialist freight markets, with the Baltic Chemical and Agricultural Oil Assessments (BCAA) providing greater transparency for the chemical and agricultural oil shipping sectors. Produced weekly, the assessments respond to growing demand for reliable freight benchmarks from shipowners, charterers, brokers, traders and industrial producers operating across these increasingly important markets.

As global trade in biofuels continues to grow, specialist freight data is becoming an increasingly valuable tool for market participants seeking greater visibility into transport costs and supply chain dynamics. By providing transparent and independent freight benchmarks, Baltic Exchange continues to support greater market confidence across the evolving sectors.

Find out more about the BCAA.