Following a formal public consultation, proposal and review, S&P Global Platts has decided to discontinue its Ethanol T2 FOB Rotterdam German Spec assessment, effective April 1, 2021.
Since October 2012, the value of Ethanol T2 FOB Rotterdam German Spec has been calculated at parity with the Ethanol T2 FOB Rotterdam assessment, reflecting similar mandated requirements under the European Union's Renewable Energy Directive at the time. This was announced in a subscriber note published October 1, 2012.
Since then, Platts understands the German market has moved to one that typically consumes ethanol with higher GHG savings.
As such, Platts has decided to discontinue this assessment from April 1, 2021.
Separately, Platts has decided to establish a maximum carbon intensity (CI) to be reflected in its Ethanol T2 FOB Rotterdam assessment, as well as launch a new differential assessment of high GHG-saving T2 FOB Rotterdam ethanol.
Platts first launched a formal public consultation on its European T2 ethanol assessments March 16: https://www.spglobal.com/platts/en/our-methodology/subscriber-notes/031620-platts-opens-consultation-on-ethanol-t2-fob-rotterdam-assessments
This discontinuation follows a proposal published on June 2, 2020, which can be found here: https://www.spglobal.com/platts/en/our-methodology/subscriber-notes/060220-platts-proposes-discontinuation-of-ethanol-t2-fob-rotterdam-german-spec-assessment
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