Markit acquires interest in commodities markets firm Prima
May 6, 2016
BY Ron Kotrba
Global financial information services provider Markit announced May 6 it has acquired an interest in commodity markets research and price reporting agency Prima Markets, a U.K.-based company whose focus since its inception in 2014 has been on the interface between biofuels, energy and agricultural markets.
“Commodities producers, traders and consumers are demanding greater transparency in commodity benchmarks and more accountability from benchmark publishers,” said Nathan Amery, head of commodities at Markit. “Utilizing our deep benchmark expertise, Markit will help ensure that Prima is ideally positioned to provide an alternative to traditional oil and agricultural pricing resources.”
According to Markit, Prima’s price assessment service provides impartial benchmarks for global niche markets in renewable commodities. Prima has developed a proprietary pricing software—Prima Discovery—to eliminate methodological flaws that can distort price assessments away from unbiased fair value, the company said.
“Commodities trading participants are eager for change and renewal in benchmarking and research activities,” said Matthew Stone, Prima’s managing director. “We see this partnership as a tremendous opportunity to increase our pace and scope of growth across the commodities spectrum.”
Advertisement
Although Markit just made the announcement May 6, Prima’s staff had been working out of Markit’s offices in London, Singapore and Chicago since the beginning of the year, covering a wide range international renewables and other markets.
Advertisement
Related Stories
Luxury North Dakota FBO, Overland Aviation—together with leading independent fuel supplier, Avfuel Corp.— on May 19 announced it accepted a 8,000-gallon delivery of sustainable aviation fuel (SAF) on May 12.
May 21 marks the official launch of the American Alliance for Biomanufacturing (AAB), a new coalition of industry leaders committed to advancing U.S. leadership in biomanufacturing innovation, competitiveness, and resilience.
Neste and FedEx, the world’s largest express cargo airline, have agreed on the supply of 8,800 metric tons (more than 3 million gallons) of blended Neste MY Sustainable Aviation Fuel to FedEx at Los Angeles International Airport (LAX).
The U.S. EPA on May 14 delivered two RFS rulemakings to the White House OMB, beginning the interagency review process. One rule focuses on RFS RVOs and the other focuses on a partial waiver of the 2024 cellulosic RVO.
The U.S. EPA on May 15 released data showing nearly 1.79 billion RINs were generated under the RFS in April, down from 2.09 million generated during the same month of last year. Total RIN generation for the first four months of 2025 was 7.12 billion.
Upcoming Events
