HVO (2 class, FOB Netherlands)

A monthly cash‑settled future based on Argus’ daily assessment of HVO Class II priced FOB in the ARA region. The index is a stitched series of monthly futures, delivering a continuous price line for analysis and hedging. Class II HVO is also a RED‑compliant hydrotreated vegetable oil, but with a different feedstock/sustainability profile compared with Class IV (often associated with non‑palm or higher‑premium RED feedstock categories). The contract is used to manage price risk in the European renewable diesel market and serves as a benchmark for pricing physical deliveries. It is tied to the European ARA hub, with USD per tonne