Posts by Hoekstra Trading LLC
Under 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 MoreThe 2024 OPIS Chicago Biofuels Forum – Top 3 Takeaways
The OPIS 2024 RFS, RINs & Biofuels Forum brought marquee names in the renewable fuels world to the platform again this year, drawing 250 delegates to Chicago. This annual conference is a good way to keep up on happenings in the biofuels industry.Below is the annual countdown of my top 3 takeaways from this year’s…
Read MoreUnder the Hood of the ATTRACTOR RIN Price Model Part 1 – How to Foresee Otherwise Surprising Price Behavior
See the other posts in this series: Under the Hood of the ATTRACTOR RIN Price Model: Hoekstra Trading’s ATTRACTOR spreadsheet was released in 2020. It uses this diagram of the diesel branch of the Renewable Identification Number (RIN) price control system. NOTE: THE NUMBERS SHOWN IN FIGURE 1 ARE HYPOTHETICAL. If you were a chemical…
Read MoreWhat’s Next For Cellulosic Biofuels and the D3 RIN Part 2 – The Biogas Solution
Read other posts in this series: What’s next for cellulosic biofuels and the D3 RIN? A main objective of the Renewable Fuel Standard (RFS) in 2007 was to trigger development of at least 16 billion gallons/year of transportation fuel made from cellulosic biomass. Cellulosic biomass consists of non-food crops and waste biomass like corn stalks,…
Read MoreGet a grip on renewable fuel credit complexity in 3 easy steps
What’s next for cellulosic biofuels and the D3 RIN? – Part 1, The Market That Fizzled
Read other posts in this series: What’s next for cellulosic biofuels and the D3 RIN? A main objective of the Renewable Fuel Standard (RFS) in 2007 was to trigger development of a market of at least 16 billion gallons/year of transportation fuel made from cellulosic biomass. Cellulosic biomass consists of non-food crops and waste biomass…
Read MoreSustainable Aviation Fuel And The RIN Subsidy- Policy and Economics
Tune in to this 36-minute episode of the Climate Now podcast which dissects the “most complex environmental credit ever invented” with two experts in the field: George Hoekstra, President of Hoekstra Trading, and Brooke Coleman, the Executive Director of the Advanced Biofuels Business Council. https://climatenow.com/podcast/sustainable-aviation-fuel-episode-4/ Recommendation Get Hoekstra Research Report 10 Hoekstra Trading clients use…
Read MoreThe New Game of Renewable Fuels Part 6 – Playing By The Rules
A renewable identification number (RIN) is a tax, a subsidy, a mandate, a financial asset that can be banked, borrowed, and traded, a contingent claim, and part of a four-component nested structure, all packed into one instrument. That’s why we call it the most complex environmental credit ever invented. Read the other blogs in this…
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