First exchange-traded California Low Carbon Fuel Standard introduced

Xpansiv, the parent company Green Marine partner Srectrade, launched the first exchange-traded California Low Carbon Fuel Standard (LCFS) spot contract on July 10th.

Full integration with the transparent central limit order book of Xpansiv’s spot market CBL, which is a world-leading carbon offset exchange, facilitates the immediate execution of transactions on an open competitive platform with same-day settlement of cash and credits through the exchange’s post-trade infrastructure.

“Our mission is to provide the infrastructure to rapidly scale the world’s energy transition,” says John Melby, Xpansiv’s CEO. “We are excited to bring the benefits of a spot exchange to the rapidly growing LCFS market, an essential driver of low-carbon fuel investments in California.”

The LCFS market has quickly become one of the world’s largest compliance environmental commodities markets with more than 550 participants and nearly $4 billion in transaction value in 2022. As the market continues to expand, clients will be able to leverage Xpansiv’s extensive network of vetted market participants to access spot liquidity for LCFS credits and promptly satisfy their obligations.

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