To refine FAME biodiesel European assessments

Platts has reviewed requests from participants in the European biodiesel market and is now proposing to refine the assessments of biodiesel FAME minus 10 and FAME 0 to take effect from September 1, 2010.

The proposed refinements are:

1) To change the nomenclature of "Biodiesel FOB ARA" with the Oracle code AAWGY00 to "FAME minus 10 biodiesel FOB ARA";

2) Assessments for both FAME minus 10 and FAME 0 to reflect barges of 1,000-3,000 mt, FOB ARA basis Rotterdam, loading 10-25 days from date of publication with prices normalized to the mid-point of this range.

For biodiesel FAME minus 10, the quality reflected will be fatty acid methyl ester that conforms to EN 14214 specifications with cold filter plugging point (CFPP) set at minus 10 degrees Celsius throughout the year.

For FAME 0, the quality reflected will be fatty acid methyl ester that conforms to EN 14214 specifications with CFPP set at 0 degrees Celsius throughout the year.

Biodiesel blended with any non-bio additives will not be included in the assessment, with the exception of the BHT anti-oxidant.

The assessment would exclude tax refunds or other rebates.

Please direct any feedback or queries to Ilana Djelal at ilana_djelal@platts.com or Isis Almeida at isis_almeida@platts.com, with a copy to petchems@platts.com and pricegroup@platts.com by July 31, 2010.