European Commission selects Dow's ACCUTRACE™ Plus Fuel Marker as the new EU common fiscal marker to support fuel fraud prevention

Rhea-AI Summary

The European Commission has chosen Dow's ACCUTRACE™ Plus Fuel Marker as the new common fiscal marker for tax-rebated fuels in the EU. This initiative aims to tackle fuel fraud, which costs EU governments an estimated €7 to €10 billion annually. The new marker shows enhanced resilience against illegal removal techniques compared to previous technologies, following rigorous assessments by the Joint Research Centre and SCHEER. A 24-month transition period has been established for both markers to coexist, ensuring a smooth switch for the industry.

Positive

• Selection of ACCUTRACE™ Plus Fuel Marker supports Dow's reputation in fuel fraud prevention.
• Expected to significantly reduce annual tax losses of €7 to €10 billion in the EU.
• Innovation demonstrates superior resilience to illegal removal techniques, enhancing market position.

Negative

• None.

• Dow's patented fuel marker technology helps prevent billions of euros in tax losses from common illegal removal techniques
• ACCUTRACE™ Plus Fuel Marker and incumbent marker to co-exist during 24-month transition period

HORGEN, Switzerland, April 7, 2022 /PRNewswire/ -- The European Commission selected Dow (NYSE: DOW) ACCUTRACE™ Plus Fuel Marker as the new common fiscal marker for tax rebated fuels in the European Union (EU). The decision to adopt a new fiscal marker, also known as Euromarker, aims to provide Member States a safer, more resilient marker to support governments' fuel fraud prevention programs.

"The European Commission's decision to adopt ACCUTRACE™ Plus Fuel Marker as the new Euromarker is a testimony to the value of our technology," said Katja Wodjereck, EMEAI commercial director, Dow Industrial Solutions, and president and general manager for Germany, Austria and Switzerland (D/A/CH). "Fuel fraud is a major global challenge, estimated to cause tax losses of 7 to 10 billion EUR each year in the EU¹. Dow has been helping to shape fuel marking programs across the globe with our award-winning technology. Our technology is well suited to support the EU government's fuel fraud and theft prevention programs."

The adoption of ACCUTRACE™ Plus Fuel Marker as the new Euromarker follows extensive independent technical and safety assessments of the latest fuel marking technologies conducted by the Joint Research Centre (JRC) and the Scientific Committee on Health, Environmental and Emerging Risks (SCHEER). Assessment results demonstrated that ACCUTRACE™ Plus Fuel Marker provides unique resilience to the most common illegal removal techniques, outperforming alternative technologies including the incumbent Euromarker².

"Dow has a proven track record in providing effective launder-resistance fuel marker technologies which have already been used for years by governments, including the United Kingdom and the Republic of Ireland," said Daniel Saiz, technical service and development, Dow Industrial Solutions. "Dow's new patented ACCUTRACE™ Plus Fuel Marker builds upon the proven success of these technologies, with added unique resistance to known laundering techniques including distillation removal methods."

Some of the benefits of ACCUTRACE™ Plus Fuel Marker that led to its selection as the new marker are:

• Resilience - ACCUTRACE™ Plus Fuel Marker is highly resistant to common chemical and physical laundering techniques. The marker maintains a unique fingerprint in the fuel, which alerts authorities to its intended use and enhances supply chain governance and product identification³.
• No harmful additives - ACCUTRACE™ Plus Fuel Marker contains only elements commonly found in petroleum and petroleum derivatives (carbon, hydrogen and oxygen), without any known ozone-depleting additives. It does not present the dioxin-emitting or corrosive properties of halocarbons, nor the health risks associated with some metals.
• Easy to handle – Though invisible to the naked eye and completely undetectable to those who don't know what to look for in a lab, the ACCUTRACE™ Plus Fuel Marker can be detected in a traditional laboratory or in the field using portable equipment. The product is non-flammable and blended in a high flash solvent system, making it easy to handle and to apply by the end user thanks to its excellent soluble, pumpable and pourable qualities even at low temperatures.

The European Commission has established a 24-month transition period where both markers – ACCUTRACE™ Plus Fuel Marker and the current Euromarker  –  will co-exist in the market in order to allow the fuel industry to smoothly adopt the new Euromarker.

For more information on ACCUTRACE™ Plus Fuel Marker, visit: dow.com/en-us/brand/accutrace.html.

About Dow

Dow (NYSE: DOW) combines global breadth; asset integration and scale; focused innovation and materials science expertise; leading business positions; and environmental, social and governance (ESG) leadership to achieve profitable growth and deliver a sustainable future. The Company's ambition is to become the most innovative, customer centric, inclusive and sustainable materials science company in the world. Dow's portfolio of plastics, industrial intermediates, coatings and silicones businesses delivers a broad range of differentiated, science-based products and solutions for its customers in high-growth market segments, such as packaging, infrastructure, mobility and consumer applications. Dow operates 104 manufacturing sites in 31 countries and employs approximately 35,700 people. Dow delivered sales of approximately $55 billion in 2021. References to Dow or the Company mean Dow Inc. and its subsidiaries. For more information, please visit www.dow.com or follow @DowNewsroom on Twitter.

For further information contact:
Claudia Tagliavini	Sergio Di Gesù
+ 34 917 407845	+32 2 4130340
cgtagliavini@dow.com	sergio.digesu@porternovelli.be
Dow Industrial Solutions	Porter Novelli

 

Twitter: https://twitter.com/DowNewsroom 
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LinkedIn: http://www.linkedin.com/company/dow-chemical 
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¹ Ecorys: Study on the estimated economic implications of fuel laundering & wider fuel fraud in the EU (2019)

² European Commission, JRC report: Evaluation of the performance of the short-listed candidate markers regarding the technical requirements (2017)

 

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SOURCE The Dow Chemical Company

FAQ

What is the new fuel marker selected by the European Commission for the EU?

The European Commission selected Dow's ACCUTRACE™ Plus Fuel Marker as the new common fiscal marker for tax-rebated fuels.

How much does fuel fraud cost the EU annually?

Fuel fraud is estimated to cost EU governments between €7 to €10 billion each year.

When will the ACCUTRACE™ Plus Fuel Marker be fully implemented?

There is a 24-month transition period for both the new ACCUTRACE™ Plus Fuel Marker and the current Euromarker to coexist.

What advantages does the ACCUTRACE™ Plus Fuel Marker have?

The marker is highly resilient to common laundering techniques and contains no harmful additives.

What is the significance of the ACCUTRACE™ Plus Fuel Marker for Dow?

This selection bolsters Dow's standing in fuel fraud prevention and demonstrates the effectiveness of its technologies.