20 Jan 2015 | 04:16 UTC — London

SUBSCRIBER NOTE: Platts proposes GHG spec for T2 ethanol German, decouple from standard T2

Platts proposes that effective March 9, 2015, Platts FOB Rotterdam T2 German spec ethanol assessments will include a minimum greenhouse gas saving of 50% when compared with the fossil fuel comparator, as per the European Union's Fuel Quality Directive calculation. The fossil fuel comparator and greenhouse gas saving reflected will be per the prevailing implementation of the Fuel Quality Directive in Germany. Currently, the existing FOB Rotterdam T2 German spec assessment is published as fixed at parity to the FOB Rotterdam T2 assessment. Effective March 9, Platts will decouple the existing relationship between the two assessments and establish two independent assessments. Platts will monitor the activity and development of both markets and continue to review trading activity and assessments for abnormal trading indications. Platts will continue to monitor this activity in light of the change to German domestic biofuel specifications and adapt its methodology as necessary to reflect standard spot market trade flows. No changes will be made to the Platts FOB Rotterdam T2 assessments. All other specifications will conform with the prevailing renewable energy Directive 2009/28/EC. Please send any comments or questions to europe_ags@platts.com with a CC to pricegroup@platts.com by February 6, 2015. For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing. Platts will consider all comments received and will make comments not marked as confidential available upon request.