SUBSCRIBER NOTE: Platts introduces changes to FOB Southeast Asia biodiesel assessment Jul 1

Platts has introduced the following changes to its Palm Methyl Ester (PME) FOB Southeast Asia assessment under price code AAVSV00 from July 1, 2016.

Effective July 1, 2016, Platts only takes Malaysian cargoes into account in its assessment process, loading from the Malaysian ports of Pasir Gudang, Port Klang and Lahad Datu.

In addition, the PME assessed adheres to the ISCC certification scheme, in compliance with the EU's Renewable Energy Directive or RED requirements. The quality specifications defining the assessment continue to adhere to EN14214 specifications, but with monoglycerides value at 0.5% or lower.

Specifications for CFPP (or cold filter plugging point) remain unchanged at plus 13 degrees Celsius maximum, as does maximum water content of 350 ppm.

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 first proposed the above methodology changes in a subscriber note published on May 13, 2016.

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