Informative Articles About Our Research

Stretching catalyst performance claims

One reason refiners want independent catalyst testing is they sometimes get burned by exaggerated vendor claims on catalyst performance. Here ...
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Accurate modeling of RIN prices

The Hoekstra IMS RIN price spreadsheet model accurately tracked the D4 RIN price during 2021. The green data points are ...
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Catalyst performance claims — perception or reality?

Hydrotreating catalysts from 2000 to 2010: From 2000 to 2010, hydrotreating catalysts evolved in step-wise fashion, with dozens of new ...
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Will you buy refining catalyst in 2022?

By helping refiners take a fresh look at catalyst selection and make more informed decisions, we’ve helped them improve profit ...
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Refining stock performance 2021

There was a large dispersion in the stock price performance of US refining companies in 2021. Calumet Specialty Products stock ...
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What? We’re exporting crude from our strategic reserve?

In the news today . . . I am hearing the crude oil from our strategic petroleum reserve will be ...
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Anatomy of the IMS RINs pricing model

Anatomy, [ə'nadəme] noun - a study of the structure or internal workings of something The Irwin McCormack Stock (IMS) RINs ...
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Phillips 66 3Q 2021 refining margin is still way low

Today Phillips 66 (PSX) reported a realized refining margin of $8.57/barrel versus a market benchmark margin of $19.44/barrel. The ratio, ...
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US gasoline pool was 8 ppm sulfur in 2020

We now know the complete story of the six year approach to 10 ppm sulfur gasoline in the United States. ...
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Stock investors — watch 3rd quarter refining margins

Investors and analysts are confused about how to interpret low refining margins being reported this year. My theory is the ...
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