ICE launches RVO futures contracts

In New York state, Intercontinental Exchange, Inc has launched the RVO (OPIS) Current Year Future & Argus RVO Current Year Future, based on the OPIS and Argus daily price assessments. Each futures contract is equivalent to 50,000 gallons.

ICE offers cash settled RINs futures, including the D6 ethanol and D4 biodiesel (OPIS) (product codes: RIN and RIK). The number of participants trading ICE RINs has doubled versus 2020 as participants manage their exposure to the price of RINs. So far this year, roughly 7,861 RIN futures have traded, equivalent to 393 million RINs.