Platts specifies timing of ETBE sustainability documentation

Following market consultation, S&P Global Platts has amended its European ETBE methodology to specify timing for the provision of sustainability documentation, effective from Oct. 7, 2020.

Platts has also renamed the assessment description for the ETBE differential to MTBE from premium to spread, also from 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

That was followed by a formal proposal on Aug. 7 in a subscriber note available here https://rb.gy/w1i0ye, and in a decision on Sept. 10 available here: https://rb.gy/nhr4nh

The changes are as follows:

• Platts only publishes bids, offers and trades in which the seller agrees 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, has been renamed from "ETBE premium" to "ETBE spread".

Platts ETBE specifications can be found on page 10 of the European petrochemicals 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.

For further comments or queries, please contact petchems@spglobal.com and pricegroup@spglobal.com.

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