EcoEngineers Announces the Launch of New RIN Indices

DES MOINES, Iowa, April 30, 2012 /PRNewswire-iReach/ -- EcoEngineers Indexing Services LLC is an independent, highly-focused indexing company concentrating solely on providing the biofuels sector with reliable RIN pricing data.

"EcoEngineers continues to show its commitment to the Biofuels market with the addition of this new service.  Third-party data verification and distribution is one of our core value propositions, and we have expanded it to include pricing data. The indexing services provided by us will be the most comprehensive provided in the industry.  The EcoEngineers daily index is based on real-time pricing data submitted by brokers, marketers, obligated parties and producers.  Our existing relationships in the marketplace have resulted in a robust sourcing of data for the compilation of the daily index. Renewable Identification Numbers (RINS) are a critical component of biofuel economics. A reliable RIN index will lead to the eventual formation of a RINSWAP™ and allow industry to freely enter into over-the-counter swap transactions against the Eco indices," said Shashi Menon, Managing Partner of EcoEngineers Indexing Services LLC.

EcoEngineers would like to further announce that it is in discussions with the CME group to clear its indices.  "Being able to clear the Eco indices will allow the market to operate in an environment where counter party credit risk is virtually eliminated, and we are excited to move forward with this initiative." added Mr. Menon.

EcoEngineers Indexing Services LLC has compiled historical RIN data going back to July 2010 from several broker partners and is able to provide comprehensive reports on historical price movements in addition to daily and monthly averages.

EcoEngineers Indexing Services LLC was set up by EcoEngineers LLC in response to customer demand to create a reliable, transparent and timely RIN index for various RIN vintages, to enable the market to hedge products as required, create forward price certainty and a mechanism to enter and exit the market without being concerned about holding the physical RIN itself. 

About EcoEngineers

EcoEngineers is an independent engineering/software firm headquartered in Des Moines, Iowa. EcoEngineers provides a broad range of services in the renewable fuel sector including plant engineering reviews, design-build consulting, RIN management solutions, on-site audits, custom software development for product traceability and regulatory consulting under national and international renewable fuel standards. EcoEngineers' cost-effective web-based solutions take away the burden of regulatory compliance away from renewable fuel producers leaving them free to concentrate on fuel production and sales. EcoEngineers' RIN Quality Assurance Program provides data verification and transparency to RIN markets.

EcoEngineers management team has over 75 years of combined experience in assisting industry with regulatory compliance and EcoEngineers engineering team has over 35 years of combined experience in civil, chemical, and plant engineering.

For more information please visit http://RINIndex.EcoEngineers.us or www.EcoEngineers.us.

Media Contact:

Mr. Shashi Menon

EcoEngineers Indexing Services LLC

300 E. Locust, Suite 313,

Des Moines, Iowa 50312

Phone: 515.309.1279    515.343.6333 (mobile)

Email: [email protected]

Media Contact: Shashi Menon EcoEngineers, 5153091279, [email protected]

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SOURCE EcoEngineers