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– Creating a standard –
Standard contract
Standard spec
Why a standard?
Faster negotiations
Increased efficiency
Buy and sell with minimal basis risk
Fully comparable prices & transactions
It is critical for us to have a contract that balances the needs of buyers and sellers.
This is why we are developing the BIOSTA standard in close collaboration with a wide range of market participants.
– Philip Shawcross, globalBIOMASS
What about sustainability requirements?
We understand the importance of meeting environmental requirements. We are taking advice from the various certification bodies to develop a standard that is functional,
and works in the context of the spot market.
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