Training day
Start
End
• After-talk: RINS price risks, part 2: Near Term factors
• After-talk: Long and short-term strategic thinking
- 09:00
- -
- 11:00
- Session 1 - An overview of the Renewable Fuels Standard
• RINs types and rules for using RINs for compliance
• Examining how the rules have shaped the “unusual” behavior of the RINs and biofuels markets. (D6-D4 Spreads)
• How Cellulosic Waiver Credits set cellulosic RINs prices
• Understanding RINS price risk factors, part 1
- 11:00
- -
- 11:15
- Morning break
- 11:15
- -
- 13:00
- Session 2 - Biofuel blending: economics and drivers
• How the “blendwall” chose the future biofuels for the RFS
• The lynchpin RIN: commodity-driven D4 RIN economics
• Understanding more of the factors in RINs and biofuels prices
• Influences from policy (CAFE, blender tax credit, LCFS, state incentives)
• Interpreting the Argus RINs annual price forecasts
• RINs price forecasting 101
• The lynchpin RIN: commodity-driven D4 RIN economics
• Understanding more of the factors in RINs and biofuels prices
• Influences from policy (CAFE, blender tax credit, LCFS, state incentives)
• Interpreting the Argus RINs annual price forecasts
• RINs price forecasting 101
- 13:00
- -
- 14:00
- Lunch
- 14:00
- -
- 15:30
- Session 3 - Annual rulemakings and renewable volume obligations
• RVO costs to refiners and effects on fuels markets
• Product costs and RINs price pass-thorough: The ugly truth
• Strategic action by obligated parties
• Suggestions on “Hedging” strategies in unhedgeable markets
• Risks and rewards from compliance strategies
• US biofuels market, opportunities and constraints
• Product costs and RINs price pass-thorough: The ugly truth
• Strategic action by obligated parties
• Suggestions on “Hedging” strategies in unhedgeable markets
• Risks and rewards from compliance strategies
• US biofuels market, opportunities and constraints
- 15:30
- -
- 15:45
- Afternoon break
- 15:45
- -
- 16:00
- Summary and discussion
• After-talk: RINS price risks, part 2: Near Term factors
• After-talk: Long and short-term strategic thinking