Informative Articles About Our Research

D4T – The world’s first licensed theoretical value of an environmental credit

Hoekstra Trading has studied Renewable Identification Number (RIN) pricing and economics since 2020 and reported on this topic in our ...
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The Bloomberg Farm, Food, and Fuel Summit – My Top 3 Takeaways

This Summit was held in Kansas City Tuesday and Wednesday this week. I learned a lot about food, farms, and ...
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The MPC-PSX Stock Price Spread – Update Number Six

Since 2021, I have tracked and reported on the relative performance of Marathon Petroleum (MPC, green) and Phillips 66 (PSX, ...
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RINatomy Part 6 – The RIN As A Nested Structure

The Renewable Identification Number (RIN) is a nested structure. Anatomy noun, anat·​o·​my ə-ˈna-tə-mē  a study of the structure or inner ...
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RINatomy Part 5 – The RIN As A Contingent Claim

The Renewable Identification Number (RIN) is an option. Anatomy noun, anat·​o·​my ə-ˈna-tə-mē  a study of the structure or inner workings ...
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RINatomy Part 4 – The RIN As An Asset

A Renewable Identification Number (RIN), in addition to being a subsidy, a tax, and a mandate, is a financial asset. ...
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RINatomy Part 3 – The RIN As A Mandate

RINs come in different categories, some of which have associated with them a mandated annual volume of biofuel that, by ...
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Baby the RIN Must Fall Part 3 – The Odds and Timing of a Potential RIN Price Crash

An edited version of this post was published on the RBN Energy Daily Blog Aug 30, 2023. Read other blogs ...
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Welcome to the Future – Part 3, With Tier 3 Costs Sky-High, U.S. Refiners Consider Investments, Alternatives

When the price of the Tier 3 sulfur credit hit a new high of $3,600 in October 2023, this tradable ...
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RINatomy Part 2 – The RIN As A Tax

A Renewable Identification Number (RIN) is an environmental credit that is part of a price control system that manipulates the ...
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