Platts launches Canadian ethanol rail assessments Nov. 1

Platts, part of S&P Global Commodity Insights, has launched daily price assessments for Canadian ethanol, effective Nov. 1, 2024.

Platts has launched ethanol assessments reflecting a minimum volume of 145,000 gallons (minimum five railcars), meeting the CAN/CGSB-3.516 specification, basis DAP via rail into the Toronto, Ontario area. The assessments reflect delivery 15-30 days forward from the date of the assessment's publication.

The assessments reflect ethanol inclusive of the CFR Compliance Category 2 credit, with a reference Carbon Intensity (CI) of 51.60gCO2e/MJ, as per the weighted average CI of ethanol in 2023 published by Environment and Climate Change Canada (ECCC). Platts will continue to gather information on the reference CI level and notify the market of proposed changes ahead of time.

The assessments are published as an outright price in US cents/gal and converted to Canadian cents/liter, using the 1330 Houston US dollar/Canadian dollar exchange rate. Platts uses the exchange rate indicated by the symbol CADUS00.

A summary of the new ethanol assessments are as follows:

The assessments consider information reported to Platts and published throughout the day, including firm bids and offers, trades and indicative values, as well as any other data deemed relevant to the assessment process.

Platts has also launched assessments that reflect the value of each point of CI per gallon of ethanol under Canada's Clean Fuel Regulations. The published CI value per point will be calculated daily using the Platts assessment of current-quarter CFR CC2 credits (ALCFI00) and the energy density of ethanol, as published by the ECCC at 23.419 MJ/liter (88.6505MJ/gal), divided by 10,000 to give a US cents per CI point per gallon value. Platts will convert this value to also give a Canadian cents per CI point per liter value.

A summary of the new CI value assessments are as follows:

The assessments reflect a 1330 Houston time market close and follow the Platts US publishing schedule.

The assessments will be published in Platts Biofuelscan, Platts Fuel Ethanol Report, Platts Biofuel Alert Service and on Platts Connect.

Please submit any feedback, comments, or questions to mrts_biofuelsandfeedstocks@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.