ENERGY
Biofuels
As worldwide legislations prioritize climate risk mitigation strategies, biofuels play a key role in meeting national goals of reducing greenhouse gas emissions in the transportation sector. ICE’s futures offering includes first and second-generation biofuels across several locations.
ICE Biofuels Contracts
FAME
Fatty Acid Methyl Ester (FAME) is a biodiesel produced by transesterification of vegetable oils with methanol. The most actively traded future represents the difference between the Argus FAME FOB ARA Range assessment and ICE’s Low Sulphur Gasoil 1st Line Future.
RME
The biodiesel produced from rapeseed oil is called Rapeseed Methyl Ester (RME), more suitable for cold climates. The differential between the Argus RME FOB ARA Range assessment and ICE’s Low Sulphur Gasoil 1st Line Future is the primary hedging product.
UCOME
Made from used cooking oil, the finished methyl ester, UCOME, is a second-generation biofuel increasingly favored by blenders to satisfy the mandated (EU RED II) shift to waste-based biofuel. Launched in December 2020, the UCOME FOB ARA Range (RED Compliant) vs. Low Sulphur Gasoil 1st Line Future has been actively traded.
Ethanol
The Ethanol T2 FOB Rotterdam (Platts) Future reflects the monthly average settlement of Platts’ assessment for Ethanol with a minimum greenhouse gas saving of 60%.
ICE Biofuels Data Center
Argus FAME 0 FOB ARA Range vs Low Sulphur Gasoil 1st Line Future
Argus RME FOB ARA Range vs Low Sulphur Gasoil 1st Line Future
Ethanol T2 FOB Rotterdam Barges (Platts) Future
| Contract Name | ICE Code | Lot Size |
| Argus Biodiesel FAME Zero FOB ARA Range (RED Compliant) vs Low Sulphur Gasoil 1st Line Future | BFZ | 100 MT |
|---|---|---|
| Argus Biodiesel FAME Zero FOB ARA Range (RED Compliant) Future | FAM | 1000 MT |
| Argus Biodiesel RME FOB ARA Range (RED Compliant) vs Low Sulphur Gasoil 1st Line Future | BRI | 100 MT |
| Argus Biodiesel RME FOB ARA Range (RED Compliant) Future | ABI | 1000 MT |
| Argus UCOME FOB ARA Range (RED Compliant) vs Low Sulphur Gasoil 1st Line Future | UCR | 100 MT |
| Soybean Oil Penultimate Day 1st Line Future | SOY | 100 MT |
| Soybean Oil Penultimate Day 1st Line Balmo Future | SOW | 100 MT |
| Ethanol T2 FOB Rotterdam Barges (Platts) Future | EFR | 100 M3 |
| Chicago Ethanol (Platts) Future | ETC | 42,000 Gal |
| New York Ethanol (Platts) Future | ETN | 42,000 Gal |
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