SCB
SCB Group

First Index Trade in Used Cooking Oil


Wednesday, January 15, 2020


SCB Group, the world leading, low carbon commodity brokerage, is pleased to announce that it has brokered the first ever trades of used cooking oil (“UCO”) on an index basis in August 2019.


The ground-breaking trades, which are based on the daily reported pricing on PRIMA T1 NON EU UCO CIF ARA in USD per metric tonne, took place in August and October 2019, due for delivery in 2020.


The PRIMA Index calculates daily trade flows of UCO, providing real-time pricing for the product. The trades will enable both buyers and sellers to pay market price for the UCO at the time of loading.


UCO, which has been internationally traded as a feedstock for biodiesel for the last eight years, has previously been traded on a flat price basis. To date, flat pricing has limited the maturity of the UCO market as suppliers have been unable to offer the product more than two months in advance due to uncertainty around UCO price and shipping costs at the time of loading.


The new index-linked pricing from SCB sets out to change the way UCO is traded, increasing liquidity, allowing buyers to lock in production margins and sellers to lock in profit margins.


Sarah Xavier of SCB commented:


“For too long the UCO market has been hampered as producers’ and suppliers’ only option has been to agree trades on a flat price basis. This clearly has historically benefitted one party at the expense of the other, depending on movement in UCO price between [agreement] and delivery.


“This alternative and highly innovative PRIMA Index UCO product will increase trade liquidity and will allow producers to trade their biodiesel, as well as benefit majors by allowing them to lock in blend stocks to meet government mandates.”


Matthew Stone, Managing Director at PRIMA, added:


“Recycling of wastes is surging in the fight to decarbonise the transport sector. UCO has become the main feedstock used by biodiesel and HVO producers to produce the low carbon intensity fuel supply growth policy-makers require post-2020. PRIMA’s Indexes track global price development and provide the foundations for this key decarbonisation industry to develop.”

For further information please contact:

Pauline Tainton, Marketing Officer, SCB      + 41 22 365 5310


Camarco, Financial PR                                   + 44 20 3757 4995
Billy Clegg, Jennifer Renwick, Monique Perks


Notes to Editors:


SCB Group is a world-leading commodity brokerage with a mission to promote the adoption of a low carbon future. Its method is to assist buyers and sellers close trades in environmental products. In this context, SCB has over the last 13 years arranged transactions that have abated 300 million MT of CO2 through activities in Europe, Asia, Africa, and the Americas.


SCB operates in high growth markets and for over ten years has been the world’s largest biofuel broker, holding leading positions in physical and derivative markets including Biodiesel; Ethanol; Waste; Methanol; Carbon; Agriculture; Battery materials; LNG and Energy Derivatives. SCB is the market leader in its core markets.


SCB has a stable, diverse, aligned management team and strong Board, has a positive, progressive business culture and is profitable, with positive cash flow. SCB is a high growth business delivering 15% CAGR over the last ten years with a clear future growth strategy. By 2024 SCB aims to have doubled the size of its business - revenue, staff numbers and CO2 impact.



Appointment of Board Adviser


Wednesday, January 08, 2020


SCB Group, the world-leading, low carbon commodity brokerage, is pleased to announce the appointment of Ms. Carlota Garcia-Manas as a Board Adviser on issues relating to ESG. Ms. Garcia-Manas is currently Senior Responsible Investment Analyst at Royal London Asset Management (“RLAM”) and will begin working with SCB in an advisory capacity in the new year.


Ms. Garcia-Manas has a strong global network around investment stewardship and ESG research innovation, and has worked in the Environmental Research sector for over 15 years. During her tenure as Senior Analyst at the Church of England National Investing Bodies, she was a Board member of the Church Investor Group. She has been European Lead for the CA100+ Oil and Gas and currently coordinates the Utilities Sector. Carlota also acts as an advisor to the Stakeholder Panel for IPIECA, the global oil & gas industry association, the PRI Global ESG Engagement, Corporate Tax and TCFD Advisory Committees and was a founding member of the Transition Pathway Initiative (“TPI”) and sits at its Technical Advisory Group.


In her role at SCB, Ms. Garcia-Manas will be advising the Company on matters of Corporate Governance and Sustainability, with particular emphasis on ESG regulatory matters and market trends.


Carlota Garcia-Manas, commented:


“I am very pleased to be working with SCB, a company whose progress I have followed for some time. SCB’s mission to promote a low carbon future aligns very closely with my own principles. I have a high regard for the management team and look forward to helping with their low carbon and sustainable growth ambitions in the future."


Kevin McGeeney, CEO of SCB, added:


“We are delighted to welcome Ms. Garcia-Manas to SCB in an advisory capacity. She will bring extremely valuable insight to our Board and management team. With the extensive experience she has gained from her current position at RLAM and previous advisory roles, Carlota will guide SCB towards long-term growth and excellence in corporate governance.


For further information, please contact:


Pauline Tainton, Marketing Officer, SCB    + 41 22 365 5310


Camarco, Financial PR    +44 20 3757 4995

Billy Clegg, Jennifer Renwick, Monique Perks 


Notes to Editors:


SCB Group is a world-leading commodity brokerage with a mission to promote the adoption of a low carbon future. Its method is to assist buyers and sellers close trades in environmental products. In this context, SCB has over the last 13 years arranged transactions that have abated 300 million MT of CO2 through activities in Europe, Asia, Africa, and the Americas.


SCB operates in high growth markets and for over ten years has been the world’s largest biofuel broker, holding leading positions in physical and derivative markets including Biodiesel; Ethanol; Waste; Methanol; Carbon; Agriculture; Battery materials; LNG and Energy Derivatives. SCB is the market leader in its core markets.


SCB has a stable, diverse, aligned management team and strong Board, has a positive, progressive business culture and is profitable, with positive cash flow. SCB is a high growth business delivering 15% CAGR over the last ten years with a clear future growth strategy. By 2024 SCB aims to have doubled the size of its business - revenue, staff numbers and CO2 impact.



SCB Brokers Its First Thai Rice Swap


Wednesday, November 27, 2019


SCB Group

SCB Brokers Its First Thai Rice Swap


SCB Group, the world-leading, low carbon commodity brokerage, is pleased to announce that it brokered its inaugural Asian rice swap in February 2019.

The trade, based on the Live Rice Index was a swap based on price for Thai white rice, 5% broken. The swap volume was for 1,000 tons and was traded at $379/ton on April 2019 maturity. The transaction took place between a Thai-based rice exporter and a Singapore-based rice trader.

At expiry, in April 2019, the counterparties will exchange the difference between $379/mt and the Live Rice Index price in April.

Even though rice is the staple food of more than half of the world’s population, there is currently no reference for Asian rice. SCB believes that the Thai White Rice (“WR”) 5% SWAP will become the Global benchmark for the rice industry.

Arnaud Saulais, Rice & Grains Derivatives Markets Broker at SCB Group, commented:

“By creating a Thai WR SWAP product, SCB enabled the counterparties to mitigate price risk, hedge their positions and create a stable price point. We look forward to working with other traders, producers and rice market participants to support them with similar trades in the near future.”

For further information, please contact:

Pauline Tainton, Marketing Officer, SCB + 41 22 365 5310

Camarco, Financial PR

Billy Clegg, Jennifer Renwick, Monique Perks +44 20 3757 4995

Notes to Editors:

SCB Group is a world-leading commodity brokerage with a mission to promote the adoption of a low carbon future. Its method is to assist buyers and sellers close trades in environmental products. In this context, SCB has over the last 13 years arranged transactions that have abated 300 million MT of CO2 through activities in Europe, Asia, Africa, and the Americas.

SCB operates in high growth markets and for over ten years has been the world’s largest biofuel broker, holding leading positions in physical and derivative markets including Biodiesel; Ethanol; Waste; Methanol; Carbon; Agriculture; Battery materials; LNG and Energy Derivatives. SCB is the market leader in its core markets.

SCB has a stable, diverse, aligned management team and strong Board, has a positive, progressive business culture and is profitable, with positive cash flow. SCB is a high growth business delivering 15% CAGR over the last ten years with a clear future growth strategy. By 2024 SCB aims to have doubled the size of its business - revenue, staff numbers and CO2 impact.







 

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