July 2023
Trends and Resources
Business Trends: Tier 3 gasoline production: The value of flexibility in volatile fuel markets
Despite the forecasted trend of declining demand for transportation fuels, many markets still depend heavily on these crude oil derivatives to sustain economic activity.
The Authors
George Hoekstra is President of Hoekstra Trading LLC, which conducts multi-client research projects on topics with high profit impacts in the refining business, including pilot plant testing, field testing and market research. Hoekstra Trading is the only company that does multi-client independent catalyst testing programs on refining catalysts. Prior to founding Hoekstra Trading, he worked 35 yr for Amoco and bp in refinery process research and technology management. He earned a BS degree in chemical engineering from Purdue University, and an MBA degree from the University of Chicago.
Marcio Wagner Da Silva is a Process Engineer and Stockpiling Manager at Petrobras. He has extensive experience in research, design and construction in the oil and gas industry, including developing and coordinating projects for operational improvements and debottlenecking bottom-barrel units. Dr. Silva earned a Bch degree in chemical engineering from the University of Maringa, Brazil, and a PhD in chemical engineering from the University of Campinas (UNICAMP), Brazil. In addition, he earned an MBA degree in project management from the Federal University of Rio de Janeiro, and in digital transformation at PUC/RS, and is certified in business from the Getúlio Vargas Foundation.
Thomas Murphy is CEO of Valuation Risk & Strategy LLC, an interdisciplinary consulting firm established in 1995 to measure the value and assess the risk embedded in alternative technologies and chemical processes for energy and energy-intensive industries. Prior to this role, he was a research chemical engineer with the DuPont Company. An expert in derivatives and complex financial models, Dr. Murphy’s experience includes 11 yr of hands-on experience in chemical process engineering and production management. He earned a BS degree in chemical engineering (with distinction) from Clarkson University, a PhD in quantitative finance and a JD degree in technology management law at Syracuse University.
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