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Bolstering the biofuels market Sponsored Q&A: Energy Risk Commodity Rankings 2017 | SCB


Tuesday, February 21, 2017


SCB biofuels market energy risk commodity rankings 2017 Ronnie Virissimo california lcfs ghg carbon credits scb energy risk 2017

New industry partnership honors student energy research


Thursday, February 16, 2017


Four students in the Nelson Institute’s Energy Analysis and Policy (EAP) graduate certificate program are the inaugural recipients of awards aimed at stimulating research and debate among students around important issues in the energy sector.

The first annual SCB-Energy Analysis and Policy Awards, recognizing outstanding student research papers, were established by the SCB Group, a leading global commodity brokerage in renewable energy.

The award winners and their paper topics are: 

First place ($3,000 award): Lee C. Shaver, “Balancing energy sector decarbonization with electrification for poverty alleviation in developing countries.”

                               

Second place ($1,500): David W. Abel, “Analysis of U.S. gasoline additives and ethanol markets in the context of reformulated gasoline (RFG) and other regulatory gasoline requirements.”

 

Third place ($500): Logan M. Rapp, “Reduction in the cost of the power block for a supercritical CO2 Brayton cycle through implementation of regenerator type heat exchangers.”

 

Fourth place ($250): Timothy D. Lindstrom, “Methane hydrate: A review of an emergent and unconventional energy resource.”

 

A judging committee of faculty and energy experts evaluated the papers for their writing clarity, research quality, relevance to course material, strength of arguments, substantiation of claims, and novelty or creativity.

In addition to recognizing and supporting students’ scholarly endeavors, the SCB Group’s partnership with EAP will provide internship and employment opportunities for students in the program, according to Paul Wilson, a professor of engineering physics and an EAP faculty member.

"With SCB’s focus on renewable transportation fuels, this new relationship provides an exciting opportunity for our students to engage with this important component of our energy economy," he explains.


The company’s CEO, Kevin McGeeney, also sees the partnership as a pipeline of opportunity for students.

“SCB is delighted to have forged a relationship with the University of Wisconsin-Madison,” he says. “Energy Analysis and Policy is a wonderful example of a university developing a program which equips students with the skills needed by industry to face the energy challenges of tomorrow.”

Established in 2006, SCB Group maintains offices in Chicago, New York, Geneva, London, Lisbon, Puerto Rico and Singapore.

Energy Analysis and Policy (EAP) is graduate-level certificate that can be completed by students in any graduate program at UW-Madison.  EAP’s interdisciplinary curriculum gives students the knowledge and skills needed to become leaders in industry, government, consulting, non-profits, and other roles in the energy field.

For more information, contact Paul Wilson, paul.wilson@wisc.edu; (608) 263-0807.



SCB arranges landmark transaction in the Oregon Clean Fuels Program


Monday, November 14, 2016


Oregon Clean Fuels Program (CFP) credits were reported traded for the first time on Thursday 10th November 2016.

 

Multiple sources confirmed the deal the following morning, all calling it the first known trade of the credits that was reportedly done at $60/credit for a 300- credit deal. Identities of the parties were not immediately available.

 

At a 2017 Rulemaking Advisory Committee meeting in Portland on Nov. 2, the Oregon Department of Environmental Quality (DEQ) said it expected CFP credits to begin trading soon, but bids and offers remained far apart until shortly after the meeting.

 

Although multiple brokers and traders said they haven't seen bids or offers for the credits in the market, one source said the same day that the most recently framed market was a bid of $30/credit against an offer of $80/credit. The next day, however, the bid and offer became more competitive, tightening to a bid of $55/credit against an offer of $65/credit.

 

At last week's meeting, DEQ's CFP analyst, Bill Peters, suggested the lack of urgency may be due to the fact that credits aren't due to be submitted for compliance until April 2018. Because 2016 is the first year for compliance following the baseline year of 2015, regulated parties have until 2018 to balance their credits and deficits for 2016 and 2017. Starting in 2018, regulated parties must comply by the end of each calendar year.

 

Peters pointed to a similarly slow start to California's Low Carbon Fuel Standard (LCFS) credits trading, which he said took about a year and a half to start trading. LCFS credit prices have fluctuated wildly in their brief history.

 

The first OPIS assessment for LCFS credits on Aug. 6, 2012, was at $14.50/credit and peaked at $129/credit on Feb. 2 of this year. The assessment has averaged $54.63/credit from its inaugural price through Thursday's assessment at $93/credit.

 

In Oregon, regulated parties generated 182,357 credits in the second quarter, down from 189,071 credits in the first quarter, DEQ said last week. Second- quarter deficits totalled 139,895, also down from 154,779 in the first quarter, the agency said. In the first half of 2016, 76,754 net credits were generated.

 

Credits are generated by the use of fuels whose carbon intensity (CI) falls below this year's CFP target, while deficits are generated through the use of fuels with CIs above the target. The program was modelled after California's LCFS.

 

CFP is designed to reduce the carbon intensity of transportation fuels in Oregon 10% by 2025 from a 2015 baseline.

 

--Jordan Godwin, jgodwin@opisnet.com








 

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