“Old Habits Eat Good Intentions for Lunch”
The impact of net-zero goals on petroleum company equity prices Several petroleum companies made net-zero pledges just before the onslaught of COVID-19. Their investor presentations emphasized growth...
View ArticleThere is no magic in magic. It’s all in the details.”
Questions surrounding EPA’s proposed CO2 vehicle standard I wonder if “There is no magic in magic” is what Walt Disney would have thought as he read the Biden administration’s announcement of the...
View Article“If you build it, will it run?”
Rebalancing product markets after startup of the Dangote Refinery. On May 22, the Dangote refinery outside of Lagos, Nigeria was “inaugurated.” This does not mean the refinery began operations on that...
View ArticleRenewable Diesel: The Good, the Bad, and the Ugly
In the last 18 months we have seen a staggering amount of activity in the renewable diesel space with over a dozen new production facilities coming online in North America alone. As for the execution...
View ArticleUntil you have a customer, do you really have a business?
“I don’t build in order to have clients. I have clients in order to build.”– Howard Roark The Fountainhead Despite renewed interest in hydrogen as a more environmentally benign form of energy, few...
View ArticleThe value of hydrogen depends on the industry using it.
“Prepare your minds for a new scale of scientific values.” – Dr. Morbius in Forbidden Planet The August 18th blog on the hydrogen value chain laid the foundation that although there are many potential...
View ArticleHow might the value of hydrogen be distributed?
“When you get a different vantage point, it changes your perspective” – Neil Armstrong in First Man Our first Hydrogen blog establishes that the primary uses today are as a process feedstock in...
View ArticleHow carbon intensity might impact the value of hydrogen
“This would be so much easier if I wasn’t color blind” Donkey in Shrek So far, none of our analysis of hydrogen value chains depends upon the “color”, e.g., carbon intensity, of any hydrogen production...
View ArticleNavigating the 2024 Oil Market: Five Key Factors to Watch
There have been no shortage of geopolitical and market fundamental factors that have helped define the oil markets over the past few years. From the Russia-Ukraine war to the post-COVID oil demand...
View ArticleSustainable Aviation Fuel: Corporate Venture Capital (CVC)
Corporate Venture Capital (CVC) has seen a lot of momentum in the airline industry with the likes of JetBlue, United Airlines, Alaska Airlines, and Southwest Airlines all having now launched venture...
View ArticleSomething’s Gotta Give: Musings on the State of the U.S. EV Market
The U.S. auto industry had a banner year in 2023, selling the most vehicles since 2019. Along with that success, the U.S. also sold more EVs than in any other year, topping 1 million (1.2 million)...
View ArticleWhich Port in the Decarbonization Storm?
Options for reducing marine industry carbon footprint The IMO (International Maritime Organization) 2020 sulfur regulation was a critical regulatory measure to reduce sulfur dioxide emissions from...
View ArticleIRA 40B SAF Credit: Too Little, Too Late
In 2022, the U.S. Departments of Energy, Agriculture, and Transportation collaborated to establish the Sustainable Aviation Fuel (SAF) Grand Challenge. The U.S. aims to produce 3 billion gallons of SAF...
View ArticleState-Level SAF Incentives: Advancing the Ball Down the Field
Introduction The Inflation Reduction Act (IRA) 40B has left SAF producers and blenders with limited opportunities for participation. Given its short two-year credit window, coupled with delayed...
View ArticleSustainable Aviation Fuel: Show Me the Money
In just the past four years, over $9 billion USD of capital has been deployed for the production of renewable diesel and sustainable aviation fuel in North America alone. At an average capital cost of...
View ArticleAnd Then There Were Eight – Phillips 66’s decision and the future of...
“No. Mr. Bond, I expect you to die” Auric Goldfinger in Goldfinger On October 16, 2024, Phillips 66 announced plans to cease operations at its Los Angeles-area refinery (P66-LA) in the fourth quarter...
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