Amp Americas Trades First-Ever Physically Delivered RIN Futures on Nodal Exchange

CHICAGO (November 2020) – Amp Americas, a pioneer in the renewable transportation fuel industry, today announced it traded the first ever physically delivered Renewable Identification Number (RIN) futures contract on Nodal Exchange.

The trade of D3 RIN futures by Amp and an anonymous party was the first made on Nodal Exchange, which recently launched eight new RIN futures and options contracts. Nodal listed D3, D4, D5 and D6 RIN futures along with complementary RIN options 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. The new environmental products were designed by IncubEx, which develops tradable environmental contracts with Nodal Exchange. Amerex Brokers LLC served as the broker to the first RIN trade.

“We’re excited to be a part of the first RIN futures contract trade on Nodal,” said RD Ahlers, Chief Financial Officer at Amp. “As a renewable fuel producer and marketer, we are constantly seeking diversification in our environmental credit price risk management strategies. The addition of physically delivered RIN contracts on Nodal provides a great alternative for us moving forward.”

"The first trade is a validation of listed physically-delivered RIN futures and options contracts," said Nathan Clark, Managing Director at IncubEx. "We're gratified to see market participants enter the RIN futures markets on day one and look to build this market in the weeks and months ahead. It's an exciting and compelling time to be in the RIN markets."

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 developed 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.

“We are excited to have launched the first physically settled RIN contracts and are happy that trading has now commenced,” said Paul Cusenza, Chairman and CEO of Nodal Exchange.

For more information about Amp Americas visit ampamericas.com