Our model was initially constructed to derive a SAF cost price. Other products created during the HEFA production process (HVO, Bio-naphtha, Bio-LPG) were treated as by-products. The calculation approach is reflected in this flow chart:
We are repurposing our model to also produce HVO prices. In this context, we will treat SAF, HVO, Bio-Naphtha and Bio-LPG as co-products, with each model scenario reflecting a Total Renewable Product Yield. The new calculation approach is reflected in this flow chart:
Three operational scenarios are modelled: Max HVO, 50:50 HVO/SAF, and Max SAF. Pricing will capture the different intensities of hydrogen and power consumption (i.e. producing SAF consumes more hydrogen + energy).
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