RENEWABLE FUEL MARKET STUDY
Provided a market study for an advanced biofuel project seeking a federal grant to supplement project funding. Assessed the RIN market and provided opinion regarding future RIN values under a substantially diminished RFS2. Reviewed competing feedstocks for bio-diesel and non-differentiated advanced biofuel.
RIN MARKET ANALYSIS
Conducted a detailed RIN market analysis on behalf of a bio-diesel producer relying mainly on lower cost fats, oil, and greases as feedstock. Reviewed other technologies and forecast incremental production volumes of competing biodiesel, renewable diesel and non-differentiated advanced biofuel.
CELLULOSIC ETHANOL MARKETING ASSISTANCE
Provided market intelligence, contract review and development assistance, price forecasting, and RIN relationships to an international firm looking to market future cellulosic ethanol in the U.S. Screened and helped select off-take partners.
ETHANOL CONSTRUCTION PROJECT DUE DILIGENCE
On behalf of an equity investor, carried out a complete due diligence evaluation and North American ethanol market study for a proposed ethanol construction project in the upper Midwest. Conducted management interviews, performed a technology assessment, and assessed competitive positioning of proposed facility. Provided client with various updates and follow-up market analysis during financing and construction phases. Plant is currently operating.
ETHANOL MARKET STUDY
Performed an ethanol market study and competitive analysis of a proposed multi-plant ethanol construction project on behalf of a financial institution mandated to arrange the senior debt for the project. Estimated local and export market supply/demand balances, assessed competitive positioning for each facility, and evaluated project risks/mitigates. Provided long-term ethanol and related gasoline price forecast in various markets of interest to the project. Fielded questions and comments from potential investors on behalf of client.
ETHANOL COMPANY DUE DILIGENCE
Provided commercial and technical due diligence for a Section 144A securities offering on behalf of various investors. Conducted on-site inspections of the company’s facilities and interviewed management.
ETHANOL MARKET STUDY
Conducted an ethanol market study and competitive analysis of a proposed ethanol plant on behalf of a financial institution mandated to arrange the senior debt for the project. Provided client with an in-depth site analysis as proposed location for facility was well outside the traditional center of ethanol production in the U.S. Midwest. Also provided client with in-depth grain report that included long-term supply/demand balances in local area and price forecasts for corn, sorghum, and distillers grains.
BIODIESEL PRICING
Provided expert testimony in Texas court regarding biodiesel pricing and contracting practices in dispute between biodiesel producer and trader.
RFS2 RIN VALUES
Provided analytical service for the development of RFS2 valuation projections.
BIODIESEL LOGISTICS
Advised mid-western U.S. petroleum refiner concerning biodiesel logistics, blending, and marketing.
BIODIESEL MARKET ANALYSIS
Developed market analysis and project of future biodiesel usage patterns for U.S. Gulf Coast terminal operator.
Contact Tod McGreevy: tmcgreevy@musestancil.com
