demand, supply and drivers in a fragile recovery
TRANSCRIPT
Demand, supply and drivers in a fragile recovery
Middle Distillates
WEB: www.middledistillates.platts.com
PhonE: +44 (0)20-7176-6300
FAX: +44 (0)20-7176-8512
EmAil: [email protected]
Quick & Easy Ways to Register!
Hear from the industryâs leading organisations including:
⢠German Bundestag⢠European Commission⢠ERG S.p.A.⢠Shell Aviation⢠Petromatrix⢠UK Petroleum Industry
Association (UKPIA)⢠Vilma Oil⢠German Biofuel Industry
Federation⢠EUROFUEL - European Heating
Oil Association⢠Deutsche Lufthansa⢠Port of Rotterdam Authority⢠Pertamina⢠DLH Fuel Company⢠Fluor⢠Neste Oil⢠Volvo Technology Corporation⢠ASD-Europe
⢠ICE Futures Europe
⢠Axens
⢠Platts
2011 speakers include: ⢠Klaus Breil, Member of the German Bundestag; Economic and Energy Policy Spokesman of the
FDP Bayern and Deputy Chairman of the ADA⢠Claus Peter Hälsig, Vice President of Process and Technology, Fluor⢠Marcus Lippold, Senior Energy Economist, Directorate-General for Energy and Transport,
European Commission⢠Professor Dr-Ing. Christian Kßchen, President, EUROFUEL - European Heating Oil Association⢠Olivier Jakob, Managing Director, Petromatrix⢠Katja Kleffmann, Managing Director, DLH Fuel Company⢠Massimo Derchi, Head of Refining, ERG S.p.A.⢠Hugh Tucker, Technical Director, UK Petroleum Industry Association (UKPIA)⢠Elmar Baumann, Chief Executive, German Biofuel Industry Federation⢠Mike Farmery, Global Fuel Technical and Quality Manager, Shell Aviation⢠Matthias Detjen, Manager - Risk Management and Supply, Deutsche Lufthansa
2nd Annual Register by 16 September 2011 and SAVE $200
3-4 November 2011 ⢠Le Royal MÊridien Hamburg ⢠Hamburg, Germany
Media partners:
www.middledistillates.platts.com
Principal media partners:
Day One Breakfast Sponsor: Exhibitor:
Attendees will benefit from presentations covering the most critical issues facing the middle distillates sector. Highlights for this year include:⢠A strategic overview of the current and future condition of the European middle distillates market including
spotlight sessions from the German Bundestag, European Commission, UK Petroleum Industry Association (UKPIA) and EUROFUEL - European Heating Oil Association
⢠Analysis of middle distillates contract and pricing issues in 2011 and beyond, with key sessions examining hedging and price assessments
⢠New for 2011! Opportunities and challenges within the jet fuel market: Spotlight sessions on deregulation in Asiaâs emerging nations, developments in jet fuel traceability and an airlineâs perspective from Deutsche Lufthansa
⢠A focus on biofuels: Insight into the future of the German biofuels market from the German Biofuel Industry Federation, analysis of the evolution of renewable diesel and the an automotive industry perspective on future fuels from Volvo Technology Corporation
⢠Challenges for todayâs middle distillate refining sector, including case studies on improving cost efficiency from ERG S.p.A. and how Fluor are adapting to changing sulphur levels
⢠Exclusive access to Platts methodology forum on middle distillates pricing running immediately after the conference!
Quick & Easy Ways to Register! WEB: www.middledistillates.platts.com PHONE: +44 (0) 20-7176-6300 EMAIL: [email protected] Register by 16 September and save $200
Day One: Thursday 3rd November 2011
08:00 Registration and continental breakfast sponsored by:
08:45 Chairmanâs welcoming remarks Tim Worledge, Editor, Middle Distillates, European Marketscan, Platts
Middle distillates outlook
09:00 Global middle distillates markets: Demand, supply and drivers⢠Overview of middle distillate market shares: Diesel, heating oil, jet fuels⢠Trends in regional middle distillate markets
Olivier Jakob, Managing Director, Petromatrix
09:30 European outlook and initiatives⢠Market overview of European middle distillates⢠Update on the latest public policy initiatives⢠European distillate outlook 2011-2030 and demand by sulphur category ⢠Updates on German developments
Marcus Lippold, Senior Energy Economist, Directorate-General for Energy and Transport, European Commission
10:00 The UK middle distillate challenge⢠Breakdown and analysis of the various middle distillate grades ⢠UK specific distribution challenges ⢠Contextualising middle distillates from a European perspective
Hugh Tucker, Technical Director, UK Petroleum Industry Association (UKPIA)
10:30 Overview of the European heating oil markets⢠Outline of the latest legal requirements, including fuel specifications
for heating applications⢠Analysis of technological developments for 2011 and beyond⢠Future perspectives and âmulti-energyâ solutions
Prof Dr-Ing. Christian KĂźchen, President, EUROFUEL - European Heating Oil Association
11:00 Networking and refreshment break
Middle distillate contracts and pricing
11:30 ICE gasoil: Distillate mainstay and global refined product benchmark
⢠Introduction to ICE: Exchange risk management tools in distillates⢠Benchmark criteria, basis and risk⢠Evolution in distillate specification ⢠Matrix pricing across distillates: Diesel, heating oil and jet⢠Liquidity and basis in trading: Differentials and margins⢠Global contexts and flows
Mike Davis, Director, Market Development, ICE Futures Europe
12:00 Middle distillates pricing and methodology⢠Examination of the variables in the price assessment process⢠A guide to overcoming price assessment challenges⢠Explanation of the oil and gas indexation
Tim Worledge, Editor, Middle Distillates, European Marketscan, Platts
12:25 Middle distillates hedging⢠Overview of gasoil hedging⢠Outline of diesel and additional product hedging⢠Discussion on the issues with jet fuel hedging
Javier Pujol, Head of Middle Distillates and Fuels Desk, Vilma Oil
12:50 Networking lunch
Jet fuel regulations and challenges14:05 Axens solutions for biofuels production
⢠The challenges of biofuel production ⢠Vegan - The direct hydrogenation route⢠Gasel â The indirect liquefaction route
Antoine Fournier, Deputy Product Line Manager - Middle Distillate Hydrotreatment, Axens
14:30 Policy overview of aviation fuel Alexandre Dossat, PR and Communications Manager, ASD-Europe
15:00 Examination of the anticipation surrounding increasing jet fuel demand after open sky deregulation in Asiaâs emerging economies
⢠Airlines demand projection growth for serving SE Asia cluster⢠Supply infrastructure readiness to support shifting demand spots
following open sky policy. Is it going to limit demand growth?⢠How does the Indonesian national energy conversion program, from
household kerosene to LPG conversion use and the growing number of Asian refineriesâ supply output, affect jet fuel supply in the region?
⢠How is biofuel supply going to bring immediate impacts to supply-demand balance in SE Asia?
Rifky Effendi Hardijanto, Aviation Fuel Marketing Manager, Pertamina
15:30 Future developments in the traceability and quality assurance of jet fuel
⢠Examination of the changing priorities of aviation fuel quality given recent high profile, fuel-related incidents
⢠Outline of the implications, especially in the trading environment, of the ICAOâs plan to âmandateâ a global standard for quality assurance from refinery to wing
⢠Insight into how recent changes to DEF STAN 91-91 have tried to clarify what traceability means for jet fuel
Mike Farmery, Global Fuel Technical and Quality Manager, Shell Aviation
16:00 Networking and refreshment break
16:30 Lufthansaâs challenges in the oil market ⢠Exploring the into-plane business⢠Overview of self-supply⢠Analysis and tips on hedging⢠Requirements for a proper price-assessment
Katja Kleffmann, Managing Director, DLH Fuel Company Matthias Detjen, Manager, Risk Management and Supply,
Deutsche Lufthansa
Addressing the industry challenges:
17:00 Afternoon roundtable sessions designed to increase participation and discussion between attendees.
Roundtable 1: Overcoming challenges related to gasoil⢠The role of gasoil in changing European diesel dynamics⢠Is gasoil the new outlet? ⢠10ppm a potential lifeline of European refiners?
Tim Worledge, Editor, Middle Distillates, European Marketscan, Platts Mike Davis, Director, Market Development, ICE Futures Europe Prof Dr-Ing. Christian KĂźchen, President, EUROFUEL - European
Heating Oil Association
Roundtable 2: Overcoming challenges related to diesel and motor fuels
⢠Diesel trade flow challenges and quality⢠Addressing remaining challenges to develop future fuels
Three tumultuous years on from the onset of recession and Europeâs middle distillate markets have begun to show signs of recovery with improving demand most obvious in a resurgent jet fuel market. However, sustained high outright prices have undoubtedly proved a challenge to that recovery, testing the resilience of some of Europeâs more fragile economies and highlighting the patchy nature of recovery, both within the continent and across the globe.
Against that backdrop, Platts is holding its 2nd Annual Middle Distillates conference in Hamburg this November, with the conference offering an unrivalled opportunity to discuss the issues facing the community.
Key topics occupying the middle distillate markets through 2011 include the influence of gasoil future contracts, the resurgence of jet fuels and subsequent pricing methodology, further refining upgrades and regulatory changes and incentives.
Platts 2nd Annual Middle Distillates conference will offer all attendees a unique mix of industry leading presentations, frank and open roundtable discussions as well as dedicated and structured networking opportunities which this year include breakfast meetings and evening drinks reception. The event will also offer a complimentary Platts Middle Distillates Pricing Methodology Forum at the end of day two to all participants of the conference.
The event acts as an annual opportunity for the middle distillates community to hear from peers in the industry and discover how the leading organisations in the sector are reshaping their goals and strategies to deal with this competitive marketâs challenges.
Book today and benefit from early bird and group booking discounts!
Quick & Easy Ways to Register! WEB: www.middledistillates.platts.com PHONE: +44 (0) 20-7176-6300 EMAIL: [email protected] Register by 16 September and save $200
⢠Current oversupply set to continue?⢠Changing bunker fuel specifications and its impact on diesel dynamics
Claus Peter Hälsig, Vice President of Process and Technology, Fluor Marcus Lippold, Senior Energy Economist, Directorate-General for
Energy and Transport, European Commission Anders RĂśj, Fuels and Lubricants, Volvo Technology Corporation
Roundtable 3: Addressing challenges for jet fuels ⢠Addressing kerosene challenges ⢠Development of sustainable alternative aviation fuels⢠Reviewing industry initiatives: R&D development of aviation fuels to
meet emission targets⢠Changes in policy and regulations
Mike Farmery, Global Fuel Technical and Quality Manager, Shell Aviation Rifky Effendi Hardijanto, Aviation Fuel Marketing Manager, Pertamina Alexandre Dossat, PR and Communications Manager, ASD-Europe Matthias Detjen, Manager, Risk Management and Supply,
Deutsche Lufthansa
17:30 Roundtable discussion summary
17:45 Networking reception
Day Two: Friday 4th November 201108:00 Continental breakfast
08:45 Chairmanâs welcome and review of day one Tim Worledge, Editor, Middle Distillates, European Marketscan, Platts
Middle distillates: The regulatorâs view
09:00 Special keynote address: German view on the future of middle distillates
Klaus Breil, Member of the German Bundestag; Economic and Energy Policy Spokesman of the FDP Bayern and Deputy Chairman of the ADA
Biodiesel, alternative fuels and future middle distillates developments
09:30 The current and future development of biofuels in Germany⢠The long term objective: How biofuels can help to reduce C02 emissions
and reduce dependence on petrol products in Germany⢠Changing regulation: How EU rules on sustainable biofuel crops will
affect development⢠Biodiesel: Future fields of sustainability ⢠Bioethanol: Sales and quota contribution in 2011+⢠Biofuels in the aviation sector: Motivation, fuel type, fuel supply and
market development⢠Exploration of the challenges to biofuels
Elmar Baumann, Managing Director, Association of the German Biofuel Industry
10:00 Over-spec biofuels - Flexibility to biomandate logistics⢠What are over-spec biofuels and how high can they actually go?⢠Case study on distributing 20-30% HVO biodiesel blends nearby
distribution terminals⢠Case study on blending US diesel to EN 590 with over-spec biofuels
Jouni Haavisto, Marketing Manager, Neste Oil
10:30 Fuel quality for the future â An automotive industry view⢠Vehicle emissions legislation: Main driver for diesel fuel quality requirements⢠Quality and performance issues with biodiesel⢠Future fuels for future vehicles
Anders RĂśj, Fuels and Lubricants, Volvo Technology Corporation
11:00 Networking and refreshment break
11:30 A guide to the Rotterdam fuel hub⢠A hub explained ⢠Gasoil and middle distillates in Rotterdam (cargo flows and production)⢠What are the challenges ahead?
Ronald Backers, Bulk Cargo and Shipping Business Developer, Port of Rotterdam Authority
Refiners challenges and outlook on products
12.00 Improving cost efficiency in European refining operations⢠Outline of how ERG increased profitability and cost efficiency following
Europeâs recent refining crisis⢠Details of the extensive project put in place at ERG to review internal
process and organisation⢠Outcomes of the organisational restructuring and processes
implemented to achieve project objectives Massimo Derchi, Head of Refining, ERG S.p.A.
12:30 Changing sulphur levels in the European middle distillate markets⢠The erosion of the sulphur premium as seen through Plattsâ data ⢠Shifting patterns in refining ⢠Changing trade flows; arbitrage and new refinery capacity
Claus Peter Hälsig, Vice President of Process and Technology, Fluor
13:00 Panel discussion: How are refiners adapting to a constantly changing market?
⢠Changing refined product margins ⢠Shifting in global trade dynamics and what it means for the sectorsâ
future in the short and long run?⢠Refiners and their trade options⢠Production and portfolio of products planning⢠Crude types available and refining capacity
Claus Peter Hälsig, Vice President of Process and Technology, Fluor Ronald Backers, Bulk Cargo and Shipping Business Developer,
Port of Rotterdam Authority Massimo Derchi, Head of Refining, ERG S.p.A.
13:30 End of the conference
Platts methodology forum: Middle distillates pricing14:00 Platts pricing methodology
⢠The Platts Market on Close assessment process⢠Timings and methodology⢠Demonstration assessment
14:30 Changes to Platts middle distillate assessments⢠Proposals for changes in Northwest Europe diesel⢠The status of Platts 0.1% assessments⢠Gasoil 50 ppm markets to date
15:30 Refreshment break
16:00 eWindow phase two⢠eWindow in middle distillate swaps review⢠Future plans to encompass cargo markets in phase two
16:30 End of methodology forum
Maximise Your Networking OpportunitiesShowcase your products and services to senior-level decision makers. Platts
2nd Annual Middle Distillates conference offers you an excellent opportunity to maximise your 2011 marketing budget through these sponsorship opportunities:
Executive Sponsor ⢠Luncheon Sponsor ⢠Networking Reception Sponsor ⢠Networking Break Sponsor ⢠Exhibitor
To learn more about sponsorship and exhibit opportunities, please contact Michelle Thorby, Business Development Manager at +44-(0)20-7176-6229 or email her at [email protected]
5th Annual European Refining Markets 26-27 September 2011 Brussels, Belgium
3rd Annual European Emissions Markets 6-7 October 2011 Brussels, Belgium
3rd Annual Managing Oil and Energy Risk 29-30 November 2011 Geneva, Switzerland
3rd Annual Tanker Economics 5-6 December 2011 London, UK
Platts EMEA Upcoming Events
www.events.platts.com
Book today and benefit from early bird and group booking discounts!
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Middle Distillates3-4 November 2011 ⢠Le Royal MÊridien Hamburg ⢠Hamburg, Germany
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WEBSiTEmiddledistillates.platts.com Easy Ways
to Register!
Register by 16 September 2011 and SAVE $2002nd AnnualAttendees will benefit from presentations covering the most critical issues facing the middle distillates sector. Highlights for this year include:⢠A strategic overview of the current and future condition of the European middle
distillates market including spotlight sessions from the German Bundestag, European Commission, UK Petroleum Industry Association (UKPIA) and EUROFUEL - European Heating Oil Association
⢠Analysis of middle distillates contract and pricing issues in 2011 and beyond, with key sessions examining hedging and price assessments
⢠New for 2011! Opportunities and challenges within the jet fuel market: Spotlight sessions on deregulation in Asiaâs emerging nations, developments in jet fuel traceability and an airlineâs perspective from Deutsche Lufthansa
⢠A focus on biofuels: Insight into the future of the German biofuels market from the German Biofuel Industry Federation, analysis of the evolution of renewable diesel and the an automotive industry perspective on future fuels from Volvo Technology Corporation
⢠Challenges for todayâs middle distillate refining sector, including case studies on improving cost efficiency from ERG S.p.A. and how Fluor are adapting to changing sulphur levels
⢠Exclusive access to Platts methodology forum on middle distillates pricing running immediately after the conference!
Demand, supply and drivers in a fragile recovery