Platts to update European waste biomethane GO carbon intensity, volume specifications, Oct. 22

Platts, part of S&P Global Commodity Insights, will change the minimum volume and carbon intensity (CI) specifications for its European waste biomethane GO certificate assessments, effective Oct. 22.

These changes reflect increasing trends within the biomethane market for a product with lower carbon intensities, with trades of an increased size being seen by market participants as more reflective of typical value.

As such, Platts will narrow the CI definition range of waste certificates to between +20.00 g CO2e/MJ and 0 g CO2e/MJ. Platts currently assesses European waste biomethane GOs with a CI definition range between +25g CO2e/MJ and 0g CO2e/MJ.

The minimum volume value for assessments will rise from 1 GWh to 5 GWh.

While the updated minimum volume will apply to all existing biomethane assessments, the new CI specifications will only apply to all existing biomethane certificate assessments of waste feedstock origin.

The impacted assessments are as follows:

These assessments are found on the fixed pages CLE2204, EVA2005, LNG0841, PEP1107, and PGN0876, as well as in the publication European Gas Daily.

Platts invites all questions, comments, and feedback to platts_carbon@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 upon request.