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All Eyes on Renewable Diesel Margins – Part 1
By Hoekstra Trading LLC |
Consider a business that makes hydrogenated renewable diesel fuel from soybean oil and sells if for $2.45/gallon. To make the ...
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D4T – The world’s first licensed theoretical value of an environmental credit
By Hoekstra Trading LLC |
Hoekstra Trading has studied Renewable Identification Number (RIN) pricing and economics since 2020 and reported on this topic in our ...
Read More The Bloomberg Farm, Food, and Fuel Summit – My Top 3 Takeaways
By Hoekstra Trading LLC |
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
By Hoekstra Trading LLC |
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
By Hoekstra Trading LLC |
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 4 – The RIN As An Asset
By Hoekstra Trading LLC |
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
By Hoekstra Trading LLC |
RINs come in different categories, some of which have associated with them a mandated annual volume of biofuel that, by ...
Read More Welcome to the Future – Part 3, With Tier 3 Costs Sky-High, U.S. Refiners Consider Investments, Alternatives
By Hoekstra Trading LLC |
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
By Hoekstra Trading LLC |
A Renewable Identification Number (RIN) is an environmental credit that is part of a price control system that manipulates the ...
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RINatomy Part 1 – The RIN As A Subsidy
By Hoekstra Trading LLC |
A Renewable Identification Number (RIN) is a part of the price control system that manipulates the prices of fuel components ...
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