NWE biodiesel sustainability change effective February 13

Following industry feedback and developments on the implementation of the EU Renewable Energy Directive (RED) 2009/28/EC at the member-state level, Platts will refine its Northwest European biodiesel assessments effective February 13, 2012.

As part of this change, Platts will introduce four new assessments to run concurrently with the existing: FAME -10, FAME 0, Soy Methyl Ester (SME) and Rapeseed Methyl Ester (RME.) These four new assessments -- FAME -10 (RED), FAME 0 (RED), SME (RED) and RME (RED) -- will reflect bids, offers and trades for product that satisfies the sustainability criteria defined in article 17 of the directive.

For these new four assessments the sellers are required to demonstrate compliance with the provisions of the directive by supplying proof of sustainability issued by any of the voluntary schemes approved by the European Commission or by an independent audit performed in accordance with the guidelines referred to in the directive.

For comments, please write to petchems@platts.com, with a copy to pricegroup@platts.com.

Assessments can be found on PCA pages 832 for new Biodiesel weekly assessments and PCA 834 for new Biodiesel monthly averages, PGA pages 1330, 1331, 1332 and in the European marketscan.

FAME = Fatty Methyl Ester

SME = Soya oil Methyl Ester

RME = Rape oil Methyl Ester

MDC Symbol Bates Dec Freq Curr UOM Description

EB AAWGH00 lh 2 DW USD MT Biodiesel FAME -10 (RED) FOB ARA $/MT

EB AAWGH04 lh 2 WA USD MT Biodiesel FAME -10 (RED) FOB ARA $/MT WAvg

EB AAWGH03 c 2 MA USD MT Biodiesel FAME -10 (RED) FOB ARA $/MT MAvg

EB AAWGI00 lh 2 DW USD MT Biodiesel FAME 0 (RED) FOB ARA $/MT

EB AAWGI04 lh 2 WA USD MT Biodiesel FAME 0 (RED) FOB ARA $/MT WAvg

EB AAWGI03 c 2 MA USD MT Biodiesel FAME 0 (RED) FOB ARA $/MT MAvg

EB AAWGJ00 lh 2 DW USD MT Biodiesel SME (RED) FOB ARA $/MT

EB AAWGJ04 lh 2 WA USD MT Biodiesel SME (RED) FOB ARA $/MT WAvg

EB AAWGJ03 c 2 MA USD MT Biodiesel SME (RED) FOB ARA $/MT MAvg

EB AAWGK00 lh 2 DW USD MT Biodiesel RME (RED) FOB ARA $/MT

EB AAWGK04 lh 2 WA USD MT Biodiesel RME (RED) FOB ARA $/MT WAvg

EB AAWGK03 c 2 MA USD MT Biodiesel RME (RED) FOB ARA $/MT MAvg