IncubEx is pleased to announce that the first-ever physical delivery of RINs from a futures contract was completed last week on Nodal Exchange.
RINs were delivered in the EPA Moderated Transaction System (EMTS).
IncubEx and Nodal Exchange listed D3, D4, D5 and D6 RIN futures along with complementary RIN options contracts in November 2020. The contracts expanded the renewable fuels products group on Nodal, which offers the largest suite of listed environmental contracts in the world.
“The RIN products were designed by IncubEx to address several needs in the renewable fuels market – price transparency, anonymous markets and massively reducing counterparty credit exposure among market participants,” said Kees Woodward, senior vice president at IncubEx. “We’re proud to see the successful delivery of the first RINs and thank our market participants for their support.”
RINs complement other renewable fuels contracts developed by IncubEx and listed on Nodal: California Low Carbon Fuel Standard and Oregon Clean Fuels Program futures and options. The RINs contracts cover the most actively traded RIN markets in the United States and are aligned with their designated fuel types: D3 RINs for cellulosic biofuels, D4 RINs for biomass-based diesel, D5 RINs for advanced biofuels such as sugarcane ethanol and D6 RINS for renewable fuels such as corn ethanol.
Kees Woodward is available to speak with you about the renewable fuels sector if you are interested in these growing and dynamic markets. Please feel free to reach out to connect at your convenience.
Contact:
Kees Woodward, Senior Vice President
Phone: +1 (312) 464-9809
Email: kees.woodward@theincubex.com
Jim Kharouf, IncubEx Communications Director
Phone: 773-391-0439
Email: jim.kharouf@theincubex.com
Website: www.theincubex.com
IncubEx is an incubator for products, services and technology solutions in environmental markets with partners and stakeholders to design and develop new financial markets, technologies and trading solutions in global environmental, climate risk, and related commodity markets. IncubEx serves as the operator of The Voluntary Climate Marketplace (TVCM). The company also works in conjunction with its global exchange partner, European Energy Exchange (EEX) and its U.S. subsidiary, Nodal Exchange. The IncubEx team is led by former key executives from Climate Exchange, which pioneered exchange listed environmental futures and options contracts and CCX, the world’s first and only voluntary, but legally binding greenhouse gas emission reduction and trading program. IncubEx, a privately held company founded in 2016 with offices in Chicago and London, is uniquely positioned to capture these opportunities globally with its partners. For more information, please visit https://theincubex.com/.About IncubEx