Course Summary

As 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. 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 & 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 & 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?

8 CPE credits awarded per day for this course.

Who Should Attend?

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 there needs.

Course Contents

Historical and contemporary overview of the biofuels market

Ethanol supply and demand analysis and discussion

Government Involvement Incentives
        U.S. Programs, emphasis on incentives, mandates RINS
        World Programs, emphasis on mandates

Logistics And Distribution
        Rail Industry How rail works
        Barges & Trucks Both common forms of distribution for biofuels
        Transloads & Terminals - How is their use different from refined products

Ethanol Production:
        Discussion of Production Methods and Feed Stocks
        Discussion of Plant Economics, including By-Products

Next Generation technology, with an emphasis on the interaction to RFS 2

Key Contract Terms and Examples

Basic Risk Management Techniques

Bio-Diesel in the U.S. The Basics

Trading Simulation - Delegates will be placed in teams for the simulation exercises

The following course(s) are available..

Date / No of days	Location	Fee: Course only	Fee: + accommodation	Code
11 November 2010 (1)	Houston, TX	USD$1100	- n/a -	#ETNL081210