ICIS pricing launches Europe biofuels reports

11 July 2006 17:05  [Source: ICIS news]

LONDON (ICIS news)--Global chemical market intelligence service ICIS pricing said on Tuesday it has launched a portfolio of biofuel reports for the fuel ethanol, ether tertiary butyl ether (ETBE) and biodiesel markets in Europe.

The launch of the price and market intelligence reports followed increasing market growth and demand in the region, fuelled by the European Union biofuels directive designed to lower carbon emissions and find alternatives to high cost fossil fuels.

“In Europe, production is expected to triple due to the EU requirement that has set a biofuels component target of 2% in 2005, increasing by 2010 to a minimum of 5.75%,” said Simon Platt, ICIS product development manager.

“Coupled with targets being made mandatory in various member states with some adopting these requirements earlier, there is strong demand for pricing information and news in Europe,” he added.

The weekly fuel ethanol report will give details of fuel grade, anhydrous (99.3-99.9%) ethanol and will discuss Brazilian import prices.

The ETBE report will offer details of spot prices (86-96% purity), with information on developments in the upstream fuel ethanol market.

The biodiesel report will assess EN14214 grade spot prices. It will also discuss export from Asia and other regions as well as developments in the biodiesel market.

By: Hilde Ovrebekk
+44 20 8652 3214

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