Subscriber note: Platts to change NWE ethanol sustainability clause from Feb 1

Platts will change the sustainability clause reflected in its European fuel ethanol assessments effective February 1, 2013. The change was announced on January 21, 2013, following a proposal note published December 21, 2012. This methodology change will be reflected in Platts T2 FOB Rotterdam assessment (AAYDT00), also known in the market as the "standard" or "regular" quote, and Platts T2 German spec FOB Rotterdam ethanol assessment (AAVLD00). Platts only reflects in its Market on Close price assessment process, fuel ethanol that holds proof of sustainability obtained in the framework of voluntary schemes approved by the EU Commission. Furthermore and upon buyers' request, the seller shall exercise reasonable efforts to provide all necessary documentation for validation of the product batch against Germany's biomass web application system Nabisy. For methodology details, please contact biofuels@platts.com and pricegroup@platts.com.