Russian JP54 is an abbreviation for “Jet Propulsion, A1, Colonial Grade 54″. During the refining process only 15% of the crude oil is made up of JP54 the rest of the grade is used for different types of plastic. Developed by JP Morgan, Colonial grade JP54 was replaced by AVGAS also known as AVGAS100LL.
Actually most jet fuel exported from Russia is “JP54” or “Colonial JP54”. It is similar to “Jet A” except the the Specific Energy is 18.4 mj/kg compared to that of 42.8 mj/kg of “Jet A”.
Jet fuel is kerosene, and not a distillate like Gasoil/ Diesel. In the refinery, it separates above gasolines and parafins.
So, no airline will ever purchase “JP54”, there is no trading desk that will trade JP54 and you will find no oil company that sells “JP54”. They will sell Aviation fuel A1 enhanced to a variety of specifications, most usual, the Colonial Grade 54. There is no ticker on the commodity exchanges for “JP54” to allow you to see the market value of the product.
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