(Reuters) - Progressive Fuels Limited's new trading platform
is the first to let players in energy and agricultural markets in North America
to incorporate mandated growing renewable fuel use into their trading strategies,
the company said on Tuesday.
Called Easy Trade, the program supports real-time clearing
for trade in natural gas, crude oil, heating oil, RBOB, ethanol, power and all
grain markets.
"With North American government mandates, public support
for greater energy security and more environmentally conscious fuel
alternatives, the biofuel and grain markets will continue to expand and trade
more actively." said Curtis Chandler, president of the company.
In 2012, government mandates call for 13.2 billion gallons
(50 billion liters) of conventional renewable fuels like ethanol, up from 12.6
billion gallons in 2011, as required by the U.S. EPA. Total conventional
renewable fuel component for 2022 is mandated at 15 billion gallons.
The Easy Trade platform was developed in conjunction with a
wholly-owned subsidiary of the Chicago Mercantile Exchange .
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