SUBSCRIBER NOTE: Platts proposes changes to FOB Southeast Asia biodiesel assessment

Platts proposes the following changes to its Palm Methyl Ester FOB Southeast Asia assessment, to effect from July 1, 2016.

Platts proposes to take only Malaysian cargoes into account in its assessment process, rather than Southeast Asian cargoes as is currently the case.

With this in mind, Platts proposes to change the current loading ports of Singapore, Pasir Gudang and Dumai to Pasir Gudang, Port Klang and Lahad Datu, which are all ports within Malaysia.

In addition, Platts proposes to reflect PME adhering to the ISCC certification scheme, in compliance with the EU's Renewable Energy Directive or RED requirements.

Currently, the Platts Southeast Asia assessment reflects cargoes that do not comply with RED requirements.

Platts also proposes to amend the quality specifications defining the assessment, which would continue to adhere to EN14214 specifications, but with monoglycerides values at 0.5% or lower.

Specifications for CFPP or cold filter plugging point set at plus 13 degrees Celsius maximum, and maximum water content of 350ppm would not change.

Platts proposes the assessment reflects PME with Green House Gas (GHG) savings of 48-60%. PME with higher or lower GHG than this will be monitored for pricing consistency.

Platts welcomes all feedback and questions on the proposed new methodology by May 27.

Please send all questions and feedback to asia_ags@platts.com with cc to pricemethodology@platts.com.

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 to the public upon request.