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S&P Global, Platts launches LDPE bales daily spot assessments for Northwest Europe
Commodity: Petrochemicals
Region: EMEA [Europe, Middle East, and Africa]

Due to increasing demand for transparent information on the recycled plastics markets, Platts, part of S&P Global Commodity Insights, has launched two daily spot assessments for post-use low density polyethylene Grade A and Grade B bales in Northwest Europe, effective Aug. 1, 2022.
Basis: Delivered duty paid, where applicable, within Northwest Europe.
Standard spot cargo size: Minimum 18 mt lots.

• Post-use LDPE Grade A Bales: 100% LDPE film sourced from distribution centers, retailers and companies, containing a minimum of 99% clear and a maximum of 1% non-clear LDPE film and label contamination. Post-use LDPE Grade A bales are suitable for reprocessing into pellets with an MFI between 0.3-1.2 grams/10 minutes tested at 190 degrees Celsius/2.16kg.
• Post-use LDPE Grade B Bales: 100% LDPE film sourced from distribution centers, retailers and companies, containing a minimum of 98% clear and a maximum of 2% non-clear LDPE film and label contamination. Post-use LDPE Grade B bales are suitable for reprocessing into pellets with an MFI [melt flow index] between 0.3-1.2 grams/10 minutes tested at 190 degrees Celsius/2.16kg.

S&P Global, Platts launches three new US recycled LDPE assessments

Commodity: Petrochemicals
Region: Americas

Platts, part of S&P Global Commodity Insights, has launched three new daily assessments for US post-use low density polyethylene (R-LDPE) bales and recycled pellets on Aug. 1, 2022, to further expand coverage of the growing recycled plastic markets.

Basis: Free on Board, or picked-up, within the US Midwest region.
Standard spot cargo size: The assessment reflects a typical volume size of 35,000-44,000 lbs loaded on a standard 53-foot trailer.

• Post-use LDPE Grade A Bales: LDPE film sourced from distribution centers, retailers and manufacturing companies, containing a minimum of 95% clear LDPE and a maximum of 5% non-clear film, label, non-LDPE contamination.
• Post-use LDPE Grade B Bales: LDPE film bales sourced from distribution centers, retailers and manufacturing companies, containing a minimum of 80% clear LDPE and a maximum of 20% non-clear film, label, and non-LDPE contamination.
• Recycled LDPE Light Gray Pellets: Light gray colored recycled LDPE pellets derived from post-use waste, with an MFI of 0.5-1 g/10 min tested at 190 deg/2.16 kg. Pellets are non-odorless and non-food grade.

archived this.Basel Convention(exceptions)

by Cat on Wed Aug 3rd, 2022 at 01:39:54 PM EST
S&P Global, Platts launches carbon-accounted Aframax tanker assessments on four European routes Aug 1
Commodity: Oil, Shipping, Energy Transition
Region: EMEA, Americas

These new assessments reflect the cost to move crude oil or fuel oil on an Aframax tanker on each route, including the additional cost required to offset 100% of the carbon dioxide emissions created through the combustion and exhaust of a ship's marine fuel through the European Union's Emissions Trading Scheme (ETS).

These assessments add to the suite of freight carbon intensity values and freight carbon intensity premiums Platts has already been publishing since October 2021, which measure the impact of greenhouse gas emissions to transport various crude grades from production storage terminals to typical refinery locations around the world.
[...]
Last July, the European Commission proposed adding shipping to the EU Emissions Trading Scheme gradually from 2023 to 2026, when shipowners would need to buy permits covering all their emissions inside the EU and 50% of their emissions from international voyages beginning and ending in the EU.

The Environmental Committee of the European Parliament voted in May 2022 to delay the inclusion of the shipping sector into the EU ETS from 2023 to 2024, but require that 100% of emissions from intra-EU voyages be covered from the outset, dropping previous plans for a phase-in period between 2023-2026. The latest EU proposals will look to cover 50% of emissions for voyages into and out of the European Economic Area until 2027, and 100% of emissions of these voyages thereafter.

REVEALED: a cunning plan to inflate carbon credit market cap by imposing "embargo" Yalma + Nord Stream I and II and doubling EMEA + US LNG + coal "seaborne" supplies while bid-rigging Russian energy sanctions!
by Cat on Wed Aug 3rd, 2022 at 02:02:39 PM EST
S&P Global Monday Note dump w/e 6 August

Platts clarifies position on Russian vessels in the JKM LNG MOC process

Following feedback from market participants and recent observed changes in trading practices in North Asia, Platts observed that Russian LNG vessels, which would include vessels that are Russian flagged, registered, owned, controlled, chartered or operated, are not presently merchantable on the same basis as that of other vessels nominated in spot transactions. This clarification applies to bids, offers and trades reported in the Platts JKM LNG MOC process.

Platts to exclude Russian-origin material from European jet fuel[, gasoline, and LPG] assessments effective Sept. 1, 2022
Feedback gathered from the market, as well as observed market activity in recent weeks, has shown a significant move away from Russian-origin material in the spot market. Furthermore, Platts has observed that Russian material does not constitute a typical flow and significant portion of supply European balances of jet fuel.

Platts to exclude Russian-origin product from European 1%S FO [fuel oil] and 0.5%S MF [marine fuel] assessments Sept. 1
In recent months, Platts has observed that an increasing number of market participants have been restricting material from Russia, in part or entirely, in their spot fuel oil trading activity. In addition, the EU's oil embargo on Russia will take a heavy toll on Europe's oil supply and fuel flows and will increase Europe's dependency on alternative sources of supply to meet residual fuel oil demand within the region. Although Russian product continues to flow to the European market for certain fuel oil grades, Platts understands that it is not trading on the same basis as product from other origins in the spot market, and that there is a difference in value between Russian and non-Russian product.
a webinar: G7 sanctions "deputies" risks and reporting guidelines
by Cat on Wed Aug 3rd, 2022 at 02:11:49 PM EST
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