Tailored to the questions you have to defend
- Market: where, when, what amount?
- Opportunity: policy, project, portfolio?
- Policy: durability, developments and risk?
- Structure: type, term, recourse?
- Risks: measured, graded, open?
What you get
An independent, evidenced and certainty-graded assessment of the factors weighing on your capital decision, and how you will be affected. Our Signals are prepared by our cross-disciplinary team of jet fuel and SAF market experts. We include our view of the reliability of the information you asked us to consider and of any we have brought in ourselves. Scope and focus agreed with you in advance.
Scope
We ask you to share the audience to which the Signal will travel, the format the Signal needs to be in, and the certainty and confidence improvements you are seeking to make.
Examples
- Market evolution: how markets compare for the capital you are committing, and why.
- Pathways: how production routes, from HEFA to e-SAF, compare over time.
- Structure and Timing: when to commit, in what form, and how reliable protections are.
- Policy: to what extent support behind each market can be relied on and how it could evolve.
- Competition for capacity and capital: the pipeline likely to be built, how it will affect existing and future projects and the response options.
- Infrastructure and supply chain: terminals, pipelines, equipment and modifications a market needs to absorb new capacity.
- Horizon: from the next investment cycle to long-run structural change.
What we provide
- An independent, evidence-based view of your decision.
- An assessment of information reliability behind your case and the uncertainty you face.
- The unknowns that matter identified and, where possible, bounded.
- Recommendations, where you request them.
Engagements range from single questions to due diligence, portfolio views, allocation strategies, market evolution and investment theses.
For those you report to
Each Signal is prepared to be shared by you with your stakeholders, within our mutual NDA confidentiality bounds:
- A verdict, with the reasoning behind it.
- A central view with the range that forms part of your case.
- The developments that would change the central view.
- Graded information sources and stated assumptions.
- Our independent views and methodologies are applied consistently across all clients, with the same rigorous checks and audits so you and your counterparties work from the same basis.
Standards
- Independence: we decline engagements that would compromise it.
- Confidentiality: your information is used only for your work.
- Consistency: we underpin our work with finance, economics, physics, engineering and chemistry and policies across the global jet fuel supply market and its workings, which bind every actor in the same way but create different impacts and incentives at the individual level. Your tailored Signal is our insight into this ever-evolving complexity from your and your stakeholders’ perspectives.
- Verifiability: each Signal states what would change it, so it can be checked against events.
Introductory Signal
As an introduction to our work, we will prepare an initial Signal on a defined question of your choosing, at our expense. It sets out our view, the reasoning and evidence behind it, and a range of outcomes we see, in the most common form we deliver to any client.
It allows you, and those you report to, to assess the standard of our work against a decision that matters to you, before any mandate is agreed.
Provided under a mutual non-disclosure agreement; one per organisation. All rights reserved, including copyright, our discretion over engagements and the preservation of our independence.
Requests to action@circulairity.co.
Independent evidence on where and when to commit capital, for the committees that must approve it