REG taps Eka Software Solutions as risk management services provider

In Iowa, Renewable Energy Group selected Eka Software Solutions, a global provider of commodities trading and risk management technologies (CTRM), to help better manage their risk, positions and U.S. renewable fuel standard (RFS2) activity. REG is implementing Eka’s end-to-end commodity and risk management solution for energy and renewable markets. The solution will cover the entire supply chain of the biodiesel business, from procurement of raw material, storage, price risk management, mark-to-market and P&L calculations, to sales of the finished product. Eka will also help REG to effectively manage risks, while bringing operational efficiency to day-to-day operations by automating key business processes and providing visibility of positions and exposures.