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.
Kees Woodward, Senior Vice President
Phone: +1 (312) 464-9809
IncubEx is an incubator for exchange traded products, services, and technology solutions. At its core, IncubEx is a product and business development firm. The company works in conjunction with its global exchange partner, European Energy Exchange (EEX), Nodal Exchange and other leading service providers and stakeholders to design and develop new financial products in global environmental, reinsurance, and related commodity markets. The company has a specific focus on innovation and continuous improvement of products and services, including technology, trading solutions, and operational efficiencies. The IncubEx team is led by former key Climate Exchange executives and is uniquely positioned to capture these opportunities with its partners. The company was founded in 2016 and currently has offices in Chicago and London.