Archive for March 2025
Comparing Theoretical and Market Renewable Identification Number (RIN) Prices – 3 Factors
Why are Hoekstra Trading’s theoretical RIN prices (D4T and D3T) different from the D4 and D3 RIN market prices? We ask ourselves that question every week. The calculation of D4T and D3T involves assumptions that often don’t apply in real life. We propose many possible reasons why the theoretical and market prices could be different. …
Read MoreD3 Renewable Identification Number (RIN) Price Collapse
See previous blogs in this series: The gold data in Figure 1 shows how the D3 RIN market price collapsed by $1.32, from a high of $3.40 the week of September 27, 2024 (red arrow), to a low of $2.08 on December 5 (blue arrow). December 5 was the date of release of EPA’s proposal…
Read MoreWhat’s Next for Cellulosic Biofuel and the D3 RIN? – Part 8, A New Industry Emerges
See previous blogs in this series: Cellulosic biomass consists of non-food crops and waste biomass like corn stalks, corncobs, straw, wood, wood byproducts methane emitted from landfills and animal manure. In 2007, the Renewable Fuels Standard (RFS) set mandates for generating transportation fuels from these raw materials and other categories of biomass. The vision was…
Read MoreWhat’s Next for Cellulosic Biofuels and the D3 RIN Part 6 – D3 RIN Price – Is The Market Off By a Factor of Ten?
See previous posts in this series, What’s Next For Cellulosic Biofuels and the D3 RIN?: Familiar corporate names like Waste Management, Cummins, Freightliner and BP have joined forces with dozens of less familiar public companies and startups to form a new American industry. Thousands of commercial trucks, powered by natural gas fueled engines, are on…
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