Platts proposes to specify timing of sustainability documentation for ETBE

Following consultation, S&P Global Platts is proposing to amend its European ETBE methodology to specify timing for the provision of sustainability documentation, effective Oct. 7, 2020.

Platts is also proposing to rename the assessment description for the ETBE differential to MTBE from premium to spread, also effective Oct. 7.

Platts opened a consultation process on its European ETBE methodology on June 18, 2020, in a subscriber note available here: https://rb.gy/ji70mw

In line with market feedback and reflecting standard industry practice, Platts proposes that:

• The seller shall exercise best efforts to provide proof of sustainability documentation within 30 calendar days from barge loading.
• Platts assessment AASLQ02, which reflects the ETBE FOB AR spot price difference to MTBE FOB ARA, to be renamed from "ETBE premium" to "ETBE spread".

Platts invites ongoing feedback on the typical minimum level of greenhouse gas savings for ETBE traded in Europe and will continue to monitor GHG requirements in ETBE and adjacent markets.

Platts ETBE specifications can be found in page 10 of the methodology document here: https://rb.gy/fguqds

Platts ETBE assessments appear on Platts Biofuels Alert pages 1420, 1010, 1011, and 1012, in the Biofuelscan and Fuel Ethanol Report publications, and in Platts Market Data under the following codes: AASLQ00, AASLQ02, AASLQ01, AASLQ04, AASLQ03, AASLQ13.

Please send all feedback, comments or questions to petchems@spglobal.com and pricegroup@spglobal.com by September 3, 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.