SUBSCRIBER NOTE: Platts specifying terms of POS in European T2 ethanol

In light of market feedback, S&P Global Platts is specifying a 30-day limit for the delivery of Proof of Sustainability documentation within its European T2 ethanol barge assessment process, in line with ISCC guidelines, with effect from October 4 2017.

The methodology has been updated as follows:

"Sustainability Criteria: Platts ethanol assessments reflect fuel ethanol that holds proof of sustainability obtained in the framework of voluntary schemes approved by the EU Commission. Furthermore and upon buyer?s request, the seller shall exercise reasonable efforts to provide all necessary documentation for validation of the product batch within 30 days from barge loading, as per ISCC and Nabisy guidelines. The buyer holds a right to audit the sustainability documentation for the sole purpose of determining the validity and veracity of these documents."

Platts welcomes any further comments to Europe_ags@spglobal.com and pricegroup@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.