On Friday 10 December, the European Commission decided to impose a fine of €20 million on the Spanish company Abengoa S.A. and its subsidiaryAbengoa Bionenergía S.A. (‘Abengoa’) for participating in a cartel concerning the wholesale price formation mechanism in the European ethanol market.
The port of Rotterdam and the Amsterdam-Rotterdam-Antwerp barge market are the main trading locations for ethanol in Europe. S&P Global Platts (‘Platts’) takes the trading activity in this...