Posts by Hoekstra Trading LLC
Six 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, george.hoekstra@hoekstratrading.com 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, Colin.Baillie@Grace.com; and George Hoekstra, President, Hoekstra Trading LLC, George.Hoekstra@Hoekstratrading.com 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
Read MoreWhat is the price of a Tier 3 sulfur credit?
In recent weeks I talked with 12 refineries and 12 other sources who generate, trade, or quote prices for Tier 3 sulfur credits. The price going around the industry is $500 bid, $650 ask. I don’t believe that quote to be reliable. Here are 3 reasons First, there is no evidence you could buy a…
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