| UK. ICIS pricing has launched a portfolio of Biofuel reports in Europe |
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| Wednesday, 12 July 2006 | |
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Company news: ICIS pricing, the world's largest information provider for the chemical and oil industry has launched a portfolio of biofuel price and market intelligence reports for the fuel ethanol, ETBE (Ether tertiary butyl ether) and biodiesel markets in Europe. The launch of the reports follows increasing market growth and demand in the region, fuelled by the European Union Biofuels directive. The directive is 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 ICIS Product Development Manager, Simon Platt. "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. Fuel grade ethanol or bioethanol is produced from the fermentation of corn, grain, sugar or molasses. The weekly fuel ethanol report gives details of fuel grade, anhydrous (99.3-99.9%) ethanol and discusses Brazilian import prices. Since a major outlet for fuel ethanol in Europe is in ETBE and more MTBE producers are switching to ETBE, the ETBE report will offer details of spot prices of ETBE, (86-96% purity), with information on developments in the upstream fuel ethanol market. The Biodiesel report will assess EN14214 grade spot prices. The report will also discuss export from Asia and other regions as well as developments in the biodiesel market. ICIS pricing reports give accurate and independent weekly price assessments and incisive market intelligence on the impact on demand and supply, market commentary covering EU wide and individual member state legislation, financial incentives, production news, new plant capacities and invaluable insight and analysis of the biofuels market. |
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| Last Updated ( Wednesday, 12 July 2006 ) |
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