Course 03 of 20 · Biofuels and SAF Desk Academy

Pricing, Units & Value Components

Stage A, Market foundations. Level 2 of 10.

Unit conversion discipline and the decomposition of a delivered price into physical, logistics and attribute components.

126 chapters · 12 modules · every chapter one 8 to 10 minute explainer · builds on: Course 01, Course 02

Enrol or enquire See the 126 chapters
How a chapter is delivered

One chapter is one idea taken to the point of use

Each chapter covers one idea to the point where you can use it, and comes two ways: a narrated explainer, and a deep dive audio discussion of around thirty minutes that works the same material at depth.

Self-paced throughout, and the same chapters can be taught as a cohort. Chapters run in order: each one assumes only what the chapters before it taught, and capability belonging to a later course is named and deferred rather than half-covered.

Curriculum

12 modules · 126 chapters

Open any module for its full chapter list, in teaching order.

M0 Why a Renewable Fuels Price Needs Unpacking Ch 1-10
  1. The Same Cargo Quoted Four Ways
  2. Three Things You Are Buying in One Number
  3. Where Conversion Errors Actually Appear
  4. Every Factor Belongs to a Standard
  5. Direction Before Magnitude
  6. The Products This Desk Quotes
  7. Why the Fossil Equivalent Is the Reference
  8. What This Course Does Not Price
  9. A Price Sheet Somebody Will Audit
  10. How Many Decimals a Biofuel Price Deserves
M1 Volume, Mass and the Density Bridge Ch 11-22
  1. Density as the Only Bridge Between Litres and Kilogrammes
  2. Reading a Density Figure Off a Certificate of Quality
  3. Why Renewable Diesel and Biodiesel Sit on Opposite Sides of Fossil Diesel
  4. Converting a Tonne Offer Into a Litre Offer
  5. Converting a Measured Volume Into an Invoiced Mass
  6. Quantity Converts One Way and Price Converts the Other
  7. Standard Density Against Observed Density
  8. The Gallon Problem
  9. Barrels, Cubic Metres and the Habits of Each Market
  10. Specific Gravity Is Not Density
  11. A Blend Density Is Not the Average of Two Densities
  12. Converting a Whole Parcel and Checking It Twice
M2 Temperature and the Volume Correction Ch 23-32
  1. Why a Warm Tank Holds Fewer Tonnes Than It Looks
  2. Fifteen Degrees and Sixty Degrees
  3. The Volume Correction Factor in Plain Terms
  4. Why Vegetable Oil Feedstocks Expand Differently From Finished Fuel
  5. Heated Cargoes and the Temperature on the Ullage Report
  6. Ethanol's Expansion and Why It Surprises People
  7. Correcting Volume Before Applying Density, Not After
  8. Mass Does Not Need Correcting
  9. When the Contract and the Terminal Disagree on Temperature
  10. A Temperature Correction Worked End to End
M3 Energy Content as the Common Denominator Ch 33-44
  1. Energy as the Basis on Which Two Fuels Compare
  2. Specific Energy and Energy Density Are Different Properties
  3. Gross Calorific Value and Net Calorific Value
  4. Which Heating Value Your Counterparty Means
  5. Converting Gross to Net Without Losing the Sign
  6. Ethanol's Energy Gap Against Petrol
  7. Sustainable Aviation Fuel on an Energy Basis
  8. Megajoules, Gigajoules and British Thermal Units
  9. From Tonnes to Gigajoules and Back
  10. Energy Parity Pricing Explained
  11. Why an Obligation Measured in Energy Changes the Arithmetic
  12. An Energy Basis Sheet for the Whole Book
M4 Water, Impurities and the Wet-Dry Basis Ch 45-53
  1. What You Are Not Paying For in a Waste Feedstock Parcel
  2. Wet Basis and Dry Basis, and Which Way the Number Moves
  3. Moisture, Impurities and Unsaponifiables as a Price Deduction
  4. Why High Acidity Lowers What a Processor Will Pay
  5. Water in Ethanol and the Anhydrous Convention
  6. The Denaturant Nobody Prices
  7. Measuring Water: Which Method the Contract Names
  8. Settling Water Out During the Voyage
  9. A Waste Feedstock Payable Weight Worked Through
M5 How Renewable Fuel Prices Are Quoted Ch 54-64
  1. Product, Place, Period and Unit
  2. Assessed Prices and Where They Come From
  3. Reading a Renewable Fuels Price Table
  4. Why Used Cooking Oil Methyl Ester Has Its Own Quotation
  5. Fixed Price, Differential and Formula Offers
  6. Averaging a Biodiesel Assessment Over the Discharge Month
  7. Pricing Off a Fossil Index Plus a Premium
  8. When the Reference Index Is Not the Fuel You Sell
  9. Delivery Terms and What They Include
  10. Barge, Rail and Truck Quotations Are Not the Same Market
  11. Thin Markets and the Price You Cannot Rely On
M6 Currency and the Price Basis Translation Ch 65-72
  1. Translating a Euro Tonne Into a Dollar Gallon
  2. Which Exchange Rate the Contract Means
  3. Currency Mismatch Inside One Cargo
  4. Cents, Dollars and the Decimal That Moves
  5. Keeping Taxes and Duties Outside the Fuel Price
  6. A Duty Differential That Changes the Cheapest Source
  7. Quoting Into a Currency You Do Not Fund In
  8. One Offer Restated Four Ways
M7 The Logistics Component Ch 73-83
  1. What the Logistics Component Contains
  2. Freight on a Parcel Too Small for a Tanker
  3. Blending Costs Money Somebody Has to Carry
  4. Storage Days Priced as a Line Item
  5. Losses in Transit as a Cost, Not an Accident
  6. Inland Movement Between Two Price Points
  7. Demurrage and Waiting Time at a Small Terminal
  8. Inspection, Sampling and Documentation Fees
  9. Unitising a Lump Sum Without Distorting the Build
  10. Which Logistics Costs the Delivery Term Already Covers
  11. The Logistics Component Totalled and Sense-Checked
M8 Separating the Attribute Component Ch 84-95
  1. The Attribute Is a Separate Thing Riding the Same Molecule
  2. Why the Same Molecule Sells for Two Prices
  3. Stripping the Attribute Out of a Delivered Price
  4. The Residual Is Not Automatically the Attribute
  5. Attributes Attached and Attributes Detached
  6. A Price With the Attribute and a Price Without It
  7. Where the Attribute Value Actually Comes From
  8. One Molecule, Several Attribute Claims
  9. Why an Attribute Can Be Worth Nothing
  10. The Attribute Component Is Not a Credit
  11. Attribute per Tonne or Attribute per Gigajoule
  12. Reading an Offer That Bundles Everything Together
M9 Building a Comparable Price Ch 96-106
  1. The Comparison Basis Has to Be Chosen First
  2. Normalising Three Offers to One Line
  3. The Cheapest Offer Is Often Not the Cheapest Fuel
  4. Comparing a Feedstock Offer With a Finished Fuel Offer
  5. Netting Back a Delivered Price to the Plant Gate
  6. When the Buyer's Build and the Seller's Build Differ
  7. Sensitivity to the Factor You Guessed
  8. Staleness: How Old a Factor May Be
  9. Documenting a Build So Another Desk Can Rerun It
  10. A Price Build Template Worth Reusing
  11. Marking a Position When the Basis Moves
M10 Blend Arithmetic and the Blended Price Ch 107-115
  1. A Blend Price Is a Weighted Average of Two Components
  2. Blend Ratio by Volume Against Blend Ratio by Energy
  3. Pricing the Renewable Component Inside a Finished Blend
  4. What a Blend Limit Does to the Price Build
  5. The Blender's Indifference Price
  6. Pricing a Neat Component Against a Blended Quotation
  7. Co-processed Product and the Share That Counts
  8. Octane, Cetane and the Value a Blend Component Adds
  9. A Blended Litre Priced From First Principles
M11 Worked Cases and the Limits of a Price Build Ch 116-126
  1. A Used Cooking Oil Import Priced End to End, Part One: The Facts
  2. A Used Cooking Oil Import Priced End to End, Part Two: The Conversions
  3. A Used Cooking Oil Import Priced End to End, Part Three: The Decomposition
  4. An Aviation Fuel Enquiry Answered in One Page
  5. An Ethanol Comparison Across Two Continents
  6. A Conversion Error Traced Back Through the Book
  7. The Reconciliation That Proves a Build
  8. Where This Arithmetic Simplifies Deliberately
  9. The Price Argument Nobody Has Settled
  10. What a Price Build Cannot Tell You
  11. Which Course Takes the Next Question

The brochure gives each of these 126 chapters a paragraph on what it covers and what you can do once you have worked through it.

This is course 3 of twenty

It stands alone, and it is also the entry point to the Biofuels and SAF Desk Academy pathway.

Enrol or enquire See the whole pathway