Posts by Hoekstra Trading LLC

Read other blogs in this series: In 2007, a primary objective of the Renewable Fuel Standard (RFS) was to stimulate development of at least 16 billion gallons/year of liquid fuels made from cellulosic biomass which consists of non-food crops and waste biomass like corn stalks, corncobs, straw, wood, and wood byproducts.  But the 2007 vision…

Read other posts in this series: What’s next for cellulosic biofuels and the D3 RIN? In 2007, a primary objective of the Renewable Fuel Standard (RFS) was to stimulate development of at least 16 billion gallons/year of liquid fuels made from cellulosic biomass which consists of non-food crops and waste biomass like corn stalks, corncobs,…

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…

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,…

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…

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…

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…

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…

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…