Posts by Hoekstra Trading LLC
OPIS Alert – Tier 3 gasoline resurfaces
Here’s Tom Kloza’s latest writeup on Tier 3 and sulfur credit prices: *********** 2021-03-09 04:50:16 EST ***Tier 3 Sulfur Gasoline Resurfaces as Issue for Some Refiners, Importers Some refiners who have complained about the necessity of purchasing expensive Renewable Identification Numbers (RINs) have something else to complain about this week. After a long period of…
Read MoreSix ways to optimize Tier 3 gasoline
This Q&A appeared in the journal PTQ Catalysis March 15, 2021: Q: Is there a route for post-treating gasoline with minimal octane loss? A: George Hoekstra, President, Hoekstra Trading LLC, [email protected] Here are six handles to improve octane/sulfur performance in your gasoline desulfurizer: 1) Feed properties: controllable variables are feed source (FCC naphtha and other…
Read MoreW.R. Grace – Hoekstra Trading team up to help refiners optimize Tier 3 gasoline
This Q&A appeared in the journal PTQ Catalysis, March 15, 2021: Q: Is there a route for post-treating gasoline with minimal octane loss? A: Colin Baillie, Segment Manager, Environmental Additives, W. R. Grace & Co, [email protected]; and George Hoekstra, President, Hoekstra Trading LLC, [email protected] One way to minimise octane loss in post-treated gasoline is through…
Read MoreGasoline sulfur credit market turnaround
This week Tier 3 gasoline sulfur credits traded over $1,000 / million ppm-gallon. That’s 5 times higher than the bottom price in November 2020, but still far below the pre-lockdown peak. The true demand for Tier 3 credits has not yet emerged. That will happen when the North American refining system fully adjusts to the…
Read MoreTier 3 Q&A Part 3
These questions were asked during recent industry conferences: Are there any services that are reporting Tier 3 sulfur credit market prices? •The prices are confidential and hard to get •The best way is direct involvement in actual transactions •OPIS and Argus Media offer data for $. •There are very few inter-company trades •Our client group…
Read MoreUS premium gasoline sales hit 3-year high
In August 2020, sales of premium gasoline in the United States hit a three year high of 45.8 million gallons/day, the highest since the previous peak of 46.1 million gallons/day in August 2017. Premium gasoline sales have grown since 2007 in a seasonal pattern that peaks in August, shown here in gold in units of…
Read MoreRINs and sulfur credits – where do the $billions go?
In 2013, the price of D6 Renewable Identification Numbers (RINs) skyrocketed sixty-fold (not sixty percent!) in weeks, triggering a financial crisis that rocked the US refining industry and is still making news today: The bright colored data shows the 2013-vintage D6 RIN (blue) price snapping up to a new relationship with the D4 RIN (green)…
Read MoreRINs and sulfur credits — the 2013 RIN boil over
The 2013 D6 RIN boil over In 2013, the price of D6 RINs skyrocketed sixty-fold in a matter of weeks, triggering a financial crisis that rocked the US refining industry and is still making news today: The bright-colored data shows the 2013-vintage D6 RIN (blue) snapping up to a new relationship with the D4 (green)…
Read MoreTier 3 Q&A part 2
The following questions were asked in two web conferences this summer
Read MoreTier 3 Q&A
The following questions were asked in two web conferences this summer
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