Managing a Biofuels Portfolio - MBP 

CPE Credits Awarded: 8
Categories: Biofuels/Ethanol, Other Energy Resources

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MBP

5c003d5e591091d484ea3c6e8f6051f1150 150As biofuels continue to have a larger impact on today-s fuel supply, this one-day workshop explores the role that biofuels, and particularly ethanol, play in the energy marketplace. This course examines the industry at all points throughout the supply chain, allowing course participants to better understand how biofuels are created, marketed, distributed and utilized within the fuel supply. Additionally, this workshop explains the importance that government regulation has played, and will play, in defining this industry. Often, the companies that are required to utilize biofuels are limited in their experience dealing with the intricacies of the biofuels market, as it differs from refined products.

Includes Web-based Pre-study Module
This course is accompanied by a preparatory course available online. Delegates will receive a web voucher as part of their joining instructions upon confirmation of registration. By taking advantage of this "blended" learning approach, in-class time and learning are optimized.

This workshop will bridge the gap between farmer and oilman, allowing the participant to better understand these unique and evolving commodities. A number of critical issues will be specifically addressed:

  • Ethanol Supply and Demand: Examines the current and planned manufacturing capacity of the US and Canada as well as the impact of International production on the US, particularly through the CBI. This information is presented in the context of demand, with a discussion of the various gasoline blends and their ability to utilize ethanol.
  • Government Policy: Government policy at both a federal and state level for the US has a tremendous impact on the biofuels marketplace. In addition, countries around the world have enacted similar biofuels policies. What impact do these policies have both domestically and abroad? What changes are on the horizon?
  • Next Generation Technology & Climate Change: The use of carbon based fuels is becoming an important topic in today political environment. What role do biofuels play? Why is cellulosic ethanol so important and how does it fit into the climate change debate? What impact will RFS2 have?
  • Logistics and Distribution: Biofuels are not produced or distributed in the same way or same regions as refined products. Consequently, what are the main methods of transportation? What makes utilizing rail to move biofuels challenging?

 

Do you have a question or enquiry regarding this course?

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Asia Pacific Europe, Middle East, Africa, Central & South America North America

All energy professionals involved in the purchase, distribution and pricing of refined products including executives, middle managers, analysts and traders. This course will also be useful to biofuels marketing and manufacturing firms seeking to understand the complete supply chain and the impact of biofuels on end users. Executives, analysts, logistics personnel and sales representatives will benefit by gaining insight into their customer-s perspective and expectations, allowing them to better meet their needs.

An Overview of Biofuels

The course starts with a review of what constituents a biofuel and then discusses how biofuels are primarily used in the US.

  • Definition of biofuels
  • ASTM and its role in biofuels standards
  • Explanation of E10 and E85
  • Explanation of B5, B20, B100 and B99
  • Discussion of Blend Wall and its impact on the market
  • Positive and Negative aspects of biofuels
  • Description of where and why biofuels are used

Biofuels Supply and Demand

This section is focused on understanding the supply and demand structure for biofuels, both from a US and global perspective. In addition, this section looks at production centers for both ethanol and biodiesel.

  • Production statistics for ethanol on a global level
  • Supply / demand balance for ethanol from a US perspective
  • Supply / demand balance for biodiesel from a US perspective
  • A look at US ethanol production
  • A look at US biodiesel production
  • What about Canada? An overview of Canadian production
  • Introduction of Caribbean Basin Initiative and its member countries
  • CAFÉ standards and demand projections going forward
  • Current trends in production for biofuels – where is the growth going to come from

Government Involvement and Incentives

This section is focused on the policy actions which have been implemented and / or recently changed which have affected the biofuels industry, from both a U.S. and international perspective. The section also addresses key aspects of US regulation, including RINS and RFS specific mandates.

  • Description of various biofuels mandates and regulations, from both a state and international perspective
  • Explanation of the current version of the RFS
  • Discussion of GHG emissions as they relate to RFS and LCFS
  • Explanation of RINS and Moderated Tracking System – Why are their so many different types?
  • Discussion of the current RIN environment, including BIO RINs

Logistics and Distribution

The methods of ethanol and biodiesel distribution are introduced and discussed. The supply chain is contrasted to the refined fuels supply chain so as to provide perspective on the differences and highlight the increased efforts required to manage biofuels.

  • Various modes of transport introduced
  • Explanation of utilizing pipelines for refined products and the potential future of pipelines for biofuels
  • Overview of Rail Roads and how they work
  • Discussion of rail freight rates
  • Transloads and terminals discussed
  • Splash blending explained
  • What is the difference between ethanol and biodiesel – from a logistics standpoint

Production

This section provides an overview of an ethanol plant, from the methods of production to an understanding of the crush spread. Additional focus is placed on examining the feed stocks and byproducts of a model plant.

  • Operating structure of a model ethanol plant
  • Explanation of wet and dry milling ethanol plants
  • Examination of feed stocks and by products
  • Introduction of crush spread
  • Current trends in production
  • Overview of a biodiesel production plant

Next Generation Technology

The course then examines the process of future technology. Cellulosic ethanol is examined. The goals are outlined as well as the current state of the industry, key challenges and areas of focus are examined. We also look at biodiesel technology and the focus for the future.

  • Explanation of cellulosic / next generation biofuels is presented
  • Discussion of ‘Why’ the push for next generation biofuels
  • Feed stocks under consideration are examined as well as their pros and cons
  • Challenges of next generation biofuels are introduced
  • Current ‘Hot Topics’ are examined, from Food Vs Fuel to Green House Gas Emissions to Low Carbon Fuels Standard

Key Players and Contract Terms

Who are the various industry participants in the biofuels space? How is the industry constructed? This section is designed to examine the supply chain, from the perspective of the various parties involved. The section wraps up by outlining how contracts are typically struck and the key components of a contract.

  • Key Players are introduced, for example, plants, marketers, brokers, etc.
  • Contract structures are explained
  • Key contract terms are examined
  • Practical discussion of how both ethanol and biodiesel trade, from a physical standpoint

Basic Risk Management

The fundamentals of risk management are introduced. The contracts which are specifically used to manage biofuels are outlined, with discussions ranging from contract terms to current liquidity. Finally, specific examples are provided using derivatives to demonstrate how risk is managed using real world examples.

  • Why manage risk, the key reasons are outlined along with examples of why it’s necessary
  • Instruments used to manage risk are provided
  • Real world examples of instruments being utilized are outlined

Biodiesel in the US

While small compared to ethanol, biodiesel is an important area of biofuels and growing rapidly. The section covers key aspects of biodiesel.

  • What is biodiesel and how is it used
  • Feed stocks used to make biodiesel are discussed
  • Key aspects of biodiesel performance are outlined, e.g. cold flow
  • Discussion of various feed stocks and their impact on performance characteristics of the finished product
  • So many forms of biodiesel: B100, B99, B20, B11, B5 – Why?
  • US State biodiesel specific subsidies are discussed
  • Unique aspects of biodiesel are introduced
  • Does the math work? Why should I blend?

Diesel Exhaust Fluid (DEF)

Diesel exhaust fluid is not a biofuel, however, it is an important component for many retail fuel companies. Its core component is agricultural based, and its main benefit it to reduce emissions. Therefore, a short overview of this new product is provided.

  • What is DEF and how is it used
  • The potential demand for DEF is reviewed
  • The current pricing structure of DEF is explained
  • Logistics and infrastructure for DEF is discussed, it’s a lot different than ethanol and biodiesel

Faculty

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