Archive for October 2024
Hoekstra Trading releases Hoekstra Research Report 12 – Renewable Identification Number (RIN) Market Pricing Model
Hoekstra Trading today released its 12th annual research report titled Hoekstra Research Report 12 – Renewable Identification Number (RIN) Market Pricing Model. The report is available to anyone and includes a new user spreadsheet, ATTRACTOR 3.0, that calculates flow rates and prices of all fuels and all RINs in markets affected by the RIN credit…
Read MoreWatch this short video on RIN Pricing and Economics
Please watch this short video to see the diagram that underlies the ATTRACTOR Renewable Identification Number (RIN) Price Model and the calculation of D4T, the world’s first licensed theoretical value of an environmental credit, which is available with weekly updates to Bloomberg Terminal subscribers. Coming Soon This video foreshadows what underlies Hoekstra Research Report 12,…
Read MoreThe 2024 American Fuel and Petrochemicals Manufacturer’s (AFPM) Summit New Orleans – My Top 3 Takeaways
Top 3 takeaways from 2024 AFPM Summit Number 3: Something doesn’t compute — My annual informal opinion poll at the Summit again showed that all U.S. refineries are “long octane”. Yet all other market indicators point to a shortage of domestically produced octane barrels, and the supply of banked sulfur credits just hit an all-time…
Read MoreUnder the Hood of the ATTRACTOR RIN Price Spreadsheet Part 4 – The Famous Burkholder Memo
See the other posts in this series: Under the Hood of the ATTRACTOR RIN Price Model: A landmark document in renewable fuels history is “A Preliminary Assessment of RIN Market Dynamics, RIN Prices, and Their Effects”, by Dallas Burkholder, Office of Transportation and Air Quality, US EPA, May 14, 2015. Soon after its release, it…
Read MoreUnder the Hood of the ATTRACTOR RIN Price Model Part 3 – A Thought Experiment on Profit Margins
See the other posts in this series: Under the Hood of the ATTRACTOR RIN Price Spreadsheet: The black arrows on Figure 1 show biodiesel and renewable diesel being blended with petrodiesel for sale into the wholesale diesel market. The blue arrows show Renewable Identification Number (RIN)s that, upon introduction to the fuel supply, are separated…
Read MoreUnder the Hood of the ATTRACTOR RIN Price Model Part 2- Why Renewable Diesel Margins Collapsed in 2023
See the other posts in this series: Under the Hood of the ATTRACTOR RIN Price Model: This short video shows how the ATTRACTOR spreadsheet calculates RIN prices with an example proving the RIN price crash of 2023 was factory-programmed into the design of the RIN price control system. Recommendation Get Hoekstra Research Report 10 It…
Read More