Form PI 588 PI 588 RFS2 Small Refinery Survey 2010

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OMB No. XXXX-XXXX
Expiration Date: 12/30/2010
Version NO. 2010.01
FORM PI-588
RFS2 SMALL REFINERY SURVEY 2010
Section 211(o)(9)(A)(ii) of the Clean Air Act, as amended by the Energy Policy Act of 2005 (EPACT 2005), requires that the Department of Energy (DOE) conduct a study for the Administrator of the
Environmental Protection Agency (EPA) assessing whether the renewable fuel standard (RFS) would impose a “disproportionate economic hardship” on small refineries, This optional survey allows respondents
to submit data that will provide technical support for a determination of disproportionate economic hardship. Title 18 USC 1001 makes it a criminal offense for any person knowingly and willingly makes
to any Agency or Department of the United States any false, fictitious, or fraudulent statements as to any matter within its jurisdiction.

Part 1. RESPONDENT IDENTIFICATION DATA

Part 2. SUBMISSION/RESUBMISSION INFORMATION
If this is a resubmission, enter an "X" in the box:

ID NUMBER:
A completed form must be received by July 17th, 2010.
Company Name:
Doing Business as:
Site name:
Terminal Control Number:
Physical Address of Contact (e.g. Street Address, Building Number,
Floor, Suite):

Forms may be submitted using one of the following methods:
Email:
Fax:

[email protected]

(202) 586-1076

Secure File Transfer:
City: ________________State: ________________Zip:______ - ________

https://signon.eia.doe.gov/upload/noticeoog.jsp

Mailing Address of Contact (e.g., PO Box, RR): If the physical and
mailing address are the same, only complete the physical address.

City: ________________State: ________________Zip:______ - ________
Contact Name:
Phone No.:
Fax No.:
Email address:

Questions?

Call: 202 586 1393
202 586 1010

Tom White
Pete Whitman

Part 3. Financial Health of the Refinery
Balance Sheet
2007
3.01
3.1
3.2
3.3
3.4
3.5
3.6
3.7

2008

2009

What month did your fiscal year start in 2007,2008 and 2009?
How much cash and marketable securities did you have at the end of the fiscal year 2007, 2008 and 2009?
How much were your Current Liabilities at the end of fiscal year 2007,2008 and 2009?
How much did you owe in long term debt at the end of fiscal year 2007, 2008 and 2009?
Statement of Income
What were your yearly Capital Expenditures in 2007, 2008 and 2009?
What were your yearly Operational Expenditures in the fiscal year 2007, 2008 and 2009?
What was your Gross Refining Margin in dollars per barrel for the fiscal year 2007, 2008 and 2009?
What was your Net Refining Margin in dollars per barrel in fiscal year 2007, 2008 and 2009?
Are there any items on your Balance Sheet that you judge to be noteworthy with regards to claiming disproportionate economic hardship? Please provide comments below.

3.8

Are there any items on your Statement of Income that you judge to be noteworthy with regards to claiming disproportionate economic hardship? Please provide comments below.
3.9

Cost of Capital
3.10 What is your current Debt/Equity Ratio?
3.11 What is your current Weighted Average Cost of Capital?
3.12 What is your Internal Rate of Return (IRR) on projects?

If financing is required for future projects related to purchasing or holding RINs, estimate the cost (interest rate) of:
3.13
Capital Expenditures
3.14
Operational Expenditures
3.15 Do you have a credit rating with a rating agency? YES or NO
3.16
3.17

If YES, provide:
Name of rating agency
Current credit rating
If financing is required for future projects related to purchasing or holding RINs, are there any debt loan covenents that may pose restrictions on borrowing? Please specify below.

3.18

Do you anticipate any cash flow or credit issues related to purchasing, separating, or holding RINs? Please specify below.
3.19

Previous Projects
What percent of Capital Expenditures over the last three years have been for:
Environmentally required projects?
3.20
Required safety projects?
3.21

2007

2008

2009

2011

2012

2013

3.22 What percent of these projects were financed through internally generated cash flow?

3.23
3.24
3.25
3.26
3.27

Future Projects
Estimate the dollar value of capital expenditures on environmentally required projects do you plan to spend Capital Expenditures on over
the next three years:
Ultra Low sulfur diesel
Low sulfur gasoline
Control of Hazardous Air Pollutants From Mobile Sources (MSAT2)
Consent Decree
Other

3.28 What percent of these projects will be financed through internally generated cash flow?

Part 4. Cost of RFS2 Compliance
4.1 Do you currently own a facility capable of blending renewable fuels? YES or NO. If YES, answer the following questions:

4.2
4.3
4.4
4.5
4.6
4.7
4.8
4.9
4.10
4.11

4.12
4.13

4.14
4.15

Type of facility
If you answered YES, state the average annual net input of gasoline blendstock (thousands of barrels per day).
If you answered YES, state the average annual net input of diesel ( thousands of barrels per day) .
If you answered YES, please state the in-service date.
If you answered YES, please estimate the cost of building the facility, in thousands of dollars.
If you answered YES, please estimate the length of time it took to construct the faciilty. Use Comment section in 4.17 for
additional space.
Estimate the dollar value of capital expenditures needed to change refinery operations to produce blendstock required for RFS2 compliance in 2011?
Cost of modifying refinery operations.
Cost of modifying terminal or rack blending operation.
Cost to maintain RIN records, and/or purchase RINS. The RIN transaction cost (not the cost of RINS).
Please estimate the length of time it will take to construct the facilities. Use Comment section in 4.17 for additional space.
How many RINS did you separate through blending in 2009?

How much blendstock required for RFS2 compliance will you produce in 2011?
Gasoline
Diesel
How does the introduction of renewable fuels into the transportation fuel mix change your competitive position?
If the introduction of renewable fuels changes your competitive position, place X in box. Please provide reasons and comments below.

Please list any state or local regulations that may impede your ability to sell renewable fuels. Provide comments in text box below.
4.16

Additional comment section for questions (4.1-4.10)
4.17

Refinery Rack Terminal

Volume
(thousand
barrels per
day)

Part 5. Market Share
How much of the transportation fuel blendstock produced at your refinery could accept renewable fuels (i.e. ethanol, biomass diesel) and
2007
2008
2009
then be sold as a finished product in 2007, 2008, and 2009? Please indicate the quantity of:
5.1
Gasoline
5.2
Diesel
What is your share of supply in your primary market for retail gasoline sales? Please indicate your primary market, and your market share for the years 2007, 2008, and 2009.
2007
2008
2009
Provide a description in the comment section below (5.4).
5.3
Market Share
5.4

What is your share of supply in your primary market for retail diesel sales? Please indicate your primary market, and your market share for the years 2007, 2008, and 2009.
Provide a description in the comment section below (5.6).
2007
2008
5.5
Market Share

2009

5.6

5.7
5.8
5.9
5.10

5.11
5.12

5.13
5.14

5.15
5.16
5.17

Provide the RINS generated through sale of products via contractual agreements and the share of your gasoline and diesel blendstock sold through contractual agreements in 2009.
RINS
Share
Gasoline
Diesel
2007
2008
2009
What is your share of the market for sales to resellers? Please provide the share of volume sold in 2007, 2008, and 2009.
Gasoline
Diesel
What share of your product is sold into common carrier product pipelines? Please provide the share of volume sold in 2007, 2008, and
2007
2008
2009
2009.
Gasoline
Diesel
What share of your product is sold through company owned retail outlets (include lessee-dealers) ? Please provide the share of volume
sold in 2007, 2008, and 2009.
2007
2008
2009
Gasoline
Diesel
Volume of
Petroleum Volume of
Volume of
Volume of
Gasoline
Biomass
Blendstock Based Diesel Diesel
Ethanol
Blended
shipments Blended
shipments
(thousand
(thousand (thousand (thousand
gallons per barrels per gallons per barrels per
day)
day)
day)
day)
If you own or control facilities listed below, please provide the following information for 2009:
Rack
Terminal
For additional comments use the following comment section.