Platts proposes discontinuation of Ethanol T2 FOB Rotterdam German Spec assessment

Following a formal public consultation and review, S&P Global Platts is proposing to discontinue its assessment of Ethanol T2 FOB Rotterdam German Spec, effective April 1, 2021.

Since October 2012, the value of Ethanol T2 FOB Rotterdam German Spec has been calculated at parity with the Ethanol T2 FOB Rotterdam assessment, reflecting similar mandated requirements under the European Union's Renewable Energy Directive at the time. This was announced in a subscriber note published October 1, 2012.

Since then, Platts understands the German market has moved to one that typically consumes ethanol with higher GHG savings.

As such, Platts is proposing to discontinue this assessment from April 1, 2021. Separately, Platts is proposing to increase the minimum GHG savings reflected in its Platts Ethanol T2 FOB Rotterdam assessment to 60%, as well as proposing to launch an assessment of Ethanol T2 FOB Rotterdam reflecting material with a minimum GHG saving of 80%, which would be at a differential to the first assessment.

Platts first launched a formal public consultation on its European T2 ethanol assessments March 16: https://www.spglobal.com/platts/en/our-methodology/subscriber-notes/031620-platts-opens-consultation-on-ethanol-t2-fob-rotterdam-assessments.

Please send all feedback, comments or questions to europe_ags@spglobal.com and pricegroup@spglobal.com by June 26, 2020.

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.