STREATOR, Ill. (DTN) -- CME Group on Thursday announced in a news release the first Ethanol Renewable Identification Number futures contract was cleared Thursday over CME ClearPort. The trade was brokered by StarFuels Inc.
RINs are the credits used by refiners, blenders and importers to show compliance with the annual volume mandates under the Renewable Fuel Standard. CME said RINs futures provide a useful hedge for the price risk associated with the RFS.
D6 renewable fuel RINs are primarily for corn-based ethanol. Other RIN contracts are available for biomass-based diesel D4, and advanced biofuel D5.
RINs futures were launched on ...