For those who have not heard the news yet...
Big things cooking with SICPA and GFI in Europe...thanks to El Canadiense for some great DD
EUO: new EU tender for fuel marking , just in time for SICPA to deliver GFI to them. Note the extension of the deadline for submissions of applications which looks quite coincidental with SICPA´s interest given the delays in closing the GFI deal....
Nice timeline of events I say: :))
2015-07-06 08:27 EUOEurocontrol Technics Group Inc0.13News Release Eurocontrol to receive European patent for Petromark
2015-08-18 07:05 EUO Eurocontrol Technics Group Inc 0.16 News Release Eurocontrol to sell GFI unit to SICPA
September: EU tender announced
Extension of the deadline for submissions In point 4.1. Submission of documents the following text: "The required documents must be sent in electronic form not later than 31 December 2015 to the following address: TAXUD-C2-EUROMARKER@ec.europa.eu AND by registered mail, posted no later than 31 December 2015 the date stamp being taken as evidence of posting, to the following address: (…)" Shall be replaced by: "The required documents must be sent in electronic form not later than 31 March 2016 to the following address:
2016-01-05 10:24 EUO Eurocontrol Technics Group Inc 0.185 News Release Eurocontrol closes sale of Global Fluids to SICPA
Excise Duties: Other Energy Tax Legislation
Other legislation which covers the taxation of energy products includes:
Council Directive 95/60/ECon fiscal marking of gas oils and kerosene. This Directive provides a common marking system to identify gas oil and kerosene subject to a reduced excise rate e.g. mineral oils used as propellants. The aim of this marking is to prevent tax evasion and ensure the proper functioning of the internal market. The rules are without prejudice to national provisions on fiscal marking.
Commission Decision 2011/544/EC establishes Solvent Yellow 124 as the common fiscal marker and fixes the marking level of at least 6 mg and not more than 9 mg of marker per litre of mineral oil.
A 2004 Commission studylooked at how to establish a harmonised Community reference method of analysis for the Euromarker (Solvent Yellow 124) for laboratory tests. Member States agreed to use it as a common reference method in their analyses. This method has improved the comparability of the results of tests carried out by different Member States.
? ? On 11 September 2015 the Commission launched a Call for expression of interest in order to identify a substance suitable for use as a fiscal marker in gas oil and kerosene which performs better than Solvent Yellow 124.
ec.europa.eu
ec.europa.eu
Seems SICPA is not going to start with some little African nation for a marking contract. Going right for the big time with contract for entire European Union. Quick look says EU oil consumption is around 18,000 barrels of oil per day or 1.3 billion litres per year. How much would a fuel marking contract for 1.3 billion litres per year be worth I wonder.
