Platts clarifies any-month Chicago terminal ethanol assessments

Platts, a division of S&P Global Commodity Insights, clarifies that its any-month Chicago terminal ethanol assessments launched June 3 (AALRA00, AALRB00) reflect offtake options in line with the Chicago Terminal Ethanol benchmark price assessment (AALRI00).

A buyer therefore has the option to take delivery of the product in a method other than by ITT at the Kinder Morgan terminals such as by barge, rail and truck.

All incremental costs associated with the chosen offtake option would be borne by the buyer.

A seller should not unreasonably withhold any offtake option, and any associated costs for non-ITT offtake options must be demonstrably reasonable and typical.

Please refer to the Platts specification guide for global biofuels for full details.

Please submit any feedback, comments, or questions about this proposal to mrts_biofuelsandfeedstocks@spglobal.com and pricegroup@spglobal.com .

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