22 10月 2018
Napa Valley, California, USA

Argus RFS and RINs Training

Training day

Start End
  • 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 
  • 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
  • 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