India's HPCL reissues UCO tender with Argus pricing

Argus Media · Argus Media · 2026-11-04 10:33 UTC

Indian state-owned refiner Hindustan Petroleum (HPCL) has reissued its tender to procure used cooking oil (UCO) for sustainable aviation fuel (SAF) production, replacing the fixed-price structure used in its <a href="https://direct.argusmedia.com/newsandanalysis/article/2889628">earlier tender</a> with a price variation formula incorporating Argus UCO assessments.

Indian state-owned refiner Hindustan Petroleum (HPCL) has reissued its tender to procure used cooking oil (UCO) for sustainable aviation fuel (SAF) production, replacing the fixed-price structure used in its earlier tender with a price variation formula incorporating Argus UCO assessments.

The formula assigns a 25pc weighting to the monthly average Argus RED bulk UCO fob strait of Malacca assessment, 25pc to the monthly average Argus RED UCO cif Amsterdam-Rotterdam-Antwerp (ARA) assessment and 50pc to India's wholesale price index for the manufacture of vegetable and animal oils and fats.

Under the tender, HPCL will buy 52,000t of ISCC Corsia-certified pre-treated UCO over a one-year period. The pre-treated UCO must meet specifications including a maximum of 3ppm phosphorous, 10ppm total metals excluding phosphorus, 30ppm total chloride, 100ppm sulphur, no moisture, 0.05pc insoluble impurities, 1pc unsaponifiable and 5pc free fatty acids.

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