Archive for April 2023
Modeling RINs As An Option – Part 2
Also see Part 1 of this series In Figure 1, the silver points represent the price of D4 RINs that expire at the end of that trading year (2012), and the gold points represent RINs that expire at the end of the next trading year (2013). The lines are calculated by the Hoekstra Trading RIN…
Read MoreEconomics of Octane Loss In Gasoline Desulfurizers
With gasoline margins surprisingly strong, refiners are focusing on economic costs and opportunities in cracked gasoline desulfurization. These opportunities come in the categories: feed, catalyst, process, sulfur credits, laboratory tools, revamps, and new investment opportunities. Many of them can be captured quickly with no capital investment. This segment of the RefComm 2023 FCC program will…
Read MoreWhat Has Quintupled? Multiple Choice:
A. Octane value B. Gasoline sulfur credit price C. U.S. gasoline exports D. Octane-barrel destruction in U.S. gasoline desulfurizers E. Reformate price premium F. All the above The answer is F, all the above. The hidden cause that links them is the Tier 3 gasoline sulfur specification. Recommendation: Read this short book to quickly become…
Read MoreInvestment alternatives for clean gasoline production in a volatile fuels market
This economic analysis presents investment costs and returns for a hypothetical refinery with a 55,000 barrel/day fluid catalytic cracker (FCC) in a market that will adopt a new 30-ppm clean sulfur gasoline specification. The refinery’s current FCC naphtha, which has been suitable for use in gasoline, will then be too high in sulfur for that…
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