Nodal Exchange and IncubEx announced today the upcoming launch of eight new Renewable Identification Number (RIN) futures and options contracts. Albert de Haan has worked as an Advisor for IncubEx since July, 2018, focusing mainly on product development and China Carbon markets. Throughout her career she has developed solid industry experience, especially within the energy sector, and has successfully managed large capex and infrastructure projects. Then in July, 2018, he came back “home” to work again with the IncubEx team of carbon and renewables experts from Chicago and London. No Impact to RINAlliance Clients Expected from EPA RIN Reforms. RINs are used to track the production, use, and trading of biodiesel and other renewable fuels, as required by the EPA’s Renewable Fuel Standard, implemented in the wake of the Energy Policy Act of 2005 and the Energy Independence and Security Act of 2007. COMMODITY FUTURES TRADING COMMISSION . He was a Trustee of the Winston Churchill Memorial Trust and on various boards of Windsor Castle. Bart also does significant work in the emerging alternative public offering sector, working with several companies that have become public through reverse mergers and other alternative means. RIN 3038-AE88 . RIN credits were created by the Environmental Protection Agency’s (EPA) as part of the Renewable Fuel Standard (RFS) to track our nation’s progress toward reaching the energy independence goals established by the U.S. Congress. Prior to this she worked at Legal Services Corporation in the Government Relations and Public Affairs Department. Bart has an emphasis on corporate law, specializing in information technology and marketing companies. Prior to Bain, Rob held the CFO role at R2 Companies, where he oversaw the finance, operations, and lender relationships for the R2 Yield Fund, a discretionary real estate hedge fund focused on middle-market debt and equity investments. 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. Her previous experience also includes: volunteering at Crown Courts and centres for people with alcohol & drug addictions. Michael managed the environmental products complex after the acquisition of Climate Exchange PLC by the Intercontinental Exchange (ICE) in July of 2010. It is the world’s leading provider of electronic exchange services to the insurance industry and has been one of the fastest growing companies in the US over the last decade. At its core, IncubEx is a product and business development firm. He earned his bachelor of science degree with majors in finance and marketing from the University of Kentucky. President of GGB NY Brokerage for five years from 1994, CEO of ICAP Americas for 15 years from 1999, responsible for 1,800 employees and for growing revenues from $250mm to $850mm. Michael MacGregor serves as Chief Executive Officer of IncubEx. The new contracts listed are as… William Hanegan serves as an Operations Analyst within IncubEx. In respect of final settlement, the Floating Price will be a price Prior to the practice of law, Bart was a Revenue Agent with the Internal Revenue Service. William is a graduate of The Ohio State University with a BS in Physics and Astrophysics. in journalism from Marquette University in Milwaukee. Senior Vice President and Head of Operations. At Orsted, Lotte has served as Director, Head of Origination, Customer & Markets, responsible for the company’s long-term gas portfolio and sourcing. As Managing Director of CCFE, Michael was instrumental in growing the exchange traded environmental derivatives suite beginning with Sulfur Dioxide futures in 2004. Contact:Ben PavlovicVineSprout Public RelationsRepresenting AMP AmericasPhone: 312-961-3919Email: ben@vinesprout.com, Jim KharoufIncubEx Communications DirectorPhone: 773-391-0439Email: jim.kharouf@theincubex.com. (High Energy Light Isotope Experiment) project based in the Antarctic. Donny serves as an advisor to IncubEx and is an experienced Trader with a demonstrated history of working in the financial services industry. in Accounting from the University of Missouri (1986), took and passed the CPA exam and received his J.D. Climate Exchange PLC owned the Chicago Climate Exchange and the European Climate Exchange which hosted over 90 percent of carbon credits traded in the EU. In 2011, the EPA permitted a … Richard has over 25 years of market experience from his time as a Broker in London. Climate Exchange PLC owned the Chicago Climate Exchange and the European Climate Exchange which hosted over 90 percent of carbon credits traded in the EU. Her last role was Head of Administration and Client Services for the UK market attending the world’s largest real estate event Mipim. Rob is a CFA charter holder. Bart is a member of the Illinois and Chicago Bar Associations. Michael also helped lead the efforts in recruiting industrial emitters and other trading participants to join the Chicago Climate Exchange, the world’s first voluntary, legally binding Greenhouse Gas emissions reduction and trading program. Every equivalent gallon of renewable fuels is assigned a RIN at its point of generation or origination. Richard ran teams in other commodity products including coal, iron ore, nuclear fuels, and insurance linked derivatives, in his role as a Director of Energy at Tullett Prebon plc. Tim Boyle serves as an advisor to IncubEx and is an experienced interdisciplinary technologist, leveraging his experience building and operating trading desks and infrastructure companies under complex regulatory regimes. Sam Johnson-Hill is Executive Director, European Sales at IncubEx in London, focusing primarily on UK customers in the European emissions market. 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. 3. A Renewable Identification Number (or RIN) is a serial number assigned to a batch of biofuel for the purpose of tracking its production, use, and trading as required by the United States Environmental Protection Agency's Renewable Fuel Standard (RFS) implemented according to the Energy Policy Act of 2005 and the Energy Independence and Security Act of 2007 Most recently Richard worked at Griffin Markets as Head of Cross Commodity Options helping them build their market offering. She has a trained eye for bottom line optimization, risk management and dispute resolution. After Intercontinental Exchange (ICE) acquired Climate Exchange in 2010, Dan continued to focus on the environmental markets in the U.S. and Europe as well as the international coal markets. Nathan was previously a Managing Director at Environmental Financial Products, a firm that specializes in inventing and developing new financial instruments for the environment. The trade of D3 RIN futures by AMP and an anonymous party was the first made on Nodal Exchange, which launched eight new RIN futures and options contracts yesterday. Lauren Krone serves as Marketing Associate of IncubEx. Dan Scarbrough serves as President and Chief Operating Officer of IncubEx. He has several years of experience trading agricultural commodities, which included conducting comprehensive fundamental based market research and analysis. Transformation of a RIN A very important component of the RFS program is the fact that the RIN only becomes a tradable credit as it reaches the end of the supply chain, as it transforms from what is known as an “Assigned RIN into a “Separated” RIN. Dan has been a leader in environmental and energy markets for more than a decade. Amerex Brokers LLC served as the broker to the first RIN trade. All of EPA’s documented cases of RINs fraud have involved D4 or biomass-based diesel credits. Rob graduated from the University of Illinois at Urbana-Champaign with a bachelor’s degree in Economics and later received his MBA from the University of Chicago Booth School of Business. She earned masters degrees in law from Aarhus Universitet and an MBA from University of Melbourne – Melbourne Business School. The company builds and operates on-farm RNG projects, sources and markets RNG to supply fuel to some of the country’s largest fleet customers, and partners with dairy farmers across the country to bring more ultra-low CI gas to market. He earned his B.A. Nate holds a BS and MS in Electrical and Computer Engineering from the University of Illinois at Urbana-Champaign. He then served as a non-executive director of the company from April 2005 until May 2008. S7-09-19] RIN 3235-AM55 . Lauren gained experience developing marketing materials and corporate event planning while working at Brownfield Management Associates, a firm specializing in the redevelopment of real estate properties that are potentially environmentally contaminated. © Copyright 2021 Intercontinental Exchange, Inc. Strategize with transparent trading data and analytics, Automate everything within the mortgage process, Access evolving natural gas and LNG contracts, Price climate risk in sustainable markets, Gain exposure to FANG+, FTSE and MSCI derivatives, Trade major asset classes across global markets, Access risk management and capital efficiency, Inform decisions with a depth of information, Efficienctly manage primary trading activity, Post-trade applications for informed decision making and operational efficiency, All futures, options and OTC products and physicals, Sign up for newsletters, market news and more, Market based courses; live virtual, on-demand & classroom, Strategic alliances and business agreements, Conversations with leaders, entrepreneurs and visionaries, Interviews from business leaders' home offices, One hundredth of one cent ($0.0001) per RIN. 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. At the Chicago Board of Trade, Walsh directed the first three auctions of SO2 emission allowances conducted for the highly successful U.S. EPA acid rain reduction program. He has been recognized by the Council on Global Affairs as an emerging leader and by Crain’s 40 Under 40. The driving factors for RIN prices and RVO mandates in 2020 will likely include US President Donald Trump's desire to reinforce his support in the closely fought Midwestern states ahead of the November 2020 election, many of which are major corn, soybean, and biofuel producers. In addition to a continued focus on the environmental and coal markets in North America and abroad, Michael coordinated customer relationships within the proprietary trading community while optimizing and managing incentive programs across all ICE products. Preceding this work, he served as CFO of energy.me, a retail electric supplier with approximately 20,000 customers located in 6 states in the United States. ACTION: Notice of proposed rulemaking. AMP Americas announced today it traded the first ever physically delivered Renewable Identification Number (RIN) futures contract on Nodal Exchange yesterday. Her move to CME in 2011 saw her move the majority of the open interest of the coal market from ICE to the CME. Following this Richard spent time running his own broking and consulting business, also offering compliance services to small bespoke financial businesses. Michael served as Managing Director of the Chicago Climate Futures Exchange (CCFE) and has worked in environmental and energy markets for nearly fifteen years. In respect of daily settlement, the Floating Price will be Nathan Clark serves as Managing Director of IncubEx. 10430 New York Ave, Suite F Urbandale, IA 50322 515-224-7513 Walsh earned a Ph.D. in Economics at Michigan State University. He also serves on the board of Acumen, a patient-capital fund that invests in businesses tackling global poverty. Prior to joining IncubEx, Lilly formed part of the Senior Management Teams in multiple customer service and retail environments. He has 15-plus years of experience in sales and trading in various OTC and derivatives markets. [BHCA-5; File no. “We’re excited to be a part of the first RIN futures contract trade on Nodal,” said RD Ahlers, Chief Financial Officer at AMP. He speaks frequently at industry events on environmental trading and serves on the Board of Directors of the Environmental Markets Association (EMA). She graduated with high distinction and honors from the University of Illinois Urbana-Champaign with a B.S. The new environmental products were designed by IncubEx, which develops tradable environmental contracts with Nodal Exchange. in Political Science and Environmental Sustainability. Lilly Venturelli serves as Diary and Office Manager at IncubEx and is based in the London office. in USD and cents per RIN based on the average of the mean of the Nathan currently serves on the Board of Directors of Highmark Exploration and MagnaVera Resource Corporation, both Canadian energy companies. He graduated from the University of Surrey with a BSc in Physics with a focus on quantum technologies. He has been a leader in the design and implementation of environmental markets. Previously, he served as a Consultant at Bain & Company, where he worked on diligence and strategy projects primarily for private equity funds and Fortune-500 companies. Neil founded Brit Insurance Limited in 1995 and remained its CEO until March 2005. Pending regulatory review, Nodal will list the first-ever physically delivered futures contracts on D3, D4, D5 and D6 RIN … In 2019, nearly 20 billion RIN credits were generated across the four RIN markets. Robinhood has commission-free investing, and tools to help shape your financial future. Prior to this Sam had roles at oil and sugar brokerages, having studied Politics and Economics at the University of Manchester. The physical fuel and the RIN are separated when the fuel is designated, blended and sold / utilized as transportation fuel, heating oil or jet fuel. Amp Americas received the first dairy waste-to-vehicle fuel pathway certified by the California Air Resources Board (CARB) and was awarded a Carbon Intensity (CI) score of -254.94 gCO2e/MJ, then the lowest score issued by CARB. The IncubEx team is led by former key Climate Exchange executives and is uniquely positioned to capture these opportunities with its partners. Nodal Exchange and IncubEx today announced the successful launch of eight new Renewable Identification Number (RIN) futures and options contracts, plus seven new Renewable Energy Certificate (REC) contracts. Amp has eliminated over 600,000 tons of CO2 equivalent emissions, equivalent to taking 100,000 cars off the road for one year. Managing Director of Research & Public Policy. RIN 3038-AF04 . Founded in 2011, Amp Americas is a pioneer in the renewable transportation fuel industry. Robyn also serves as Director of Chalvington Management Ltd. Lotte’s areas of responsibility have typically covered innovation and business development, either by identifying new growth areas or by restructuring existing business activities to restore profitability. He has 14 years’ experience in the energy and emissions markets, most recently in business development at ICE Futures Europe covering European utility markets where he helped design and manage incentive programmes for EUA and CER derivatives as well as the UK Power markets. Prior to joining IncubEx in Chicago, he managed the RINs and LCFS desk for ICAP and has been a broker in renewable fuels markets since 2010. She also completed the Board Leadership Education at Copenhagen Business School and earned a degree in language studies from Université Stendhal. Steve is responsible for managing the day-to-day operations of the company, including the real-time aspects of the business. The 15 new contracts, listed only on Nodal Exchange, add to the largest set of environmental products offered in the world. During this time David was a member of the Surrey Men’s Lacrosse team and enjoyed working summers at Glyndebourne Opera House. 17 CFR Part 38 . Rhoten spearheaded ICAP’s expansion into new products, including factoring, longevity, logistics, media & film rights, and IP brokerage, patents in particular. William gained experience modeling and fitting data while participating in undergraduate research for the H.E.L.I.X. Founder, President & Chief Operating Officer. Obligated Parties … The company currently operates four projects, that includes the largest on-farm biogas to vehicle fuel cluster in the country, which produce over five million gallons of 100% renewable natural gas from dairy waste annually. He graduated from Trinity University with a degree in Business Administration. A recently reinstated biodiesel tax credit (BTC) and exemptions for small refineries on biofuel mandates will likely limit gains in biomass-based diesel D4 RIN prices in 2020. Neil is on the board of Directors of Ebix, a $2bn Nasdaq listed company. 10430 New York Ave, Suite F Urbandale, IA 50322 515-224-7513. Neil was also previously the Chairman of Trading Emissions PLC, an AIM listed company and one of the world’s leading funds investing in emission reduction permits. Louise began her career broking fuel oil before moving to TFS where she was part of the team who created and launched the API indices for coal and brokered the first coal swap. Before joining ICE, he was the Manager of Business Development for Renewable Energy Certificate contracts and Senior Economist with the Chicago Climate Futures Exchange (CCFE). In his role there, he was responsible for product research, design and leading customer facing initiatives in REC and other environmental contracts. 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