Thursday October 15 2020
News Source: Global Exchanges
Focus: Derivative Market Segment
On 9th October 2020, Nodal Exchange and IncubEx announced the upcoming launch of eight new Renewable Identification Number (RIN) futures and options contracts.
Nodal will list the first-ever physically delivered futures contracts on D3, D4, D5 and D6 RIN markets on November 17, 2020. Complementary RIN options contracts will also be listed that day on the four futures contracts. The new contracts mark the latest expansion of the renewable fuels products group on Nodal, which offers the largest suite of listed environmental contracts in the world.
RINs are traded nationwide under the Environmental Protection Agency’s Renewable Fuel Standard, which allows renewable fuel producers, market participants and obligated parties to generate, buy and sell RINs. RINs are essentially ID numbers or tickets that are attached to each gallon of biofuel blended into transportation fuels in the United States.
RINs complement other renewable fuels contracts launched by IncubEx and Nodal: California Low Carbon Fuel Standard and Oregon Clean Fuels Program futures and options. The new RINs contracts cover the most actively traded RIN markets in the United States. The RIN contracts 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. In 2019, nearly 20 billion RIN credits were generated across the four RIN markets.
Nodal Exchange offers more than 75 futures and options contracts on 46 distinct environmental markets in North America.
Click on the above link for further information.