ICE reports record volume of RIN and European biofuel derivatives trading in 2021

In New York state, Intercontinental Exchange, Inc. announced rapid growth in its U.S. Renewable Identification Numbers (RINs) and European Biofuels derivatives, reflecting the increasing use of biofuels by the road transportation sector to reduce emissions.

A record volume of RINs traded on ICE in 2021, equivalent to almost 600 million RINs. In February 2022 approximately 194 million RINs traded, a record high for a single month, with open interest hitting a record equivalent to over 112 million RINs. A single day volume record was set on February 23 with the equivalent of 35 million RINs traded. The number of participants trading RINs has doubled versus 2020 as participants increasingly seek to manage their exposure to volatility in the price of RINs.