Register by April 13, 2012 and SAVE $300

North American Refining and Trading

Margins under Siege in Volatile Market Margins under Siege in a Volatile Market i d k
www.refining.platts.com Hear from Refining Industry Experts:
Nancy Yamaguchi, Ph.D., Trans-Energy Research Associates, Inc. Charles T. Drevna, American Fuel & Petrochemical Manufacturers Antoine Halff, U.S. Energy Information Administration Robert Kent, CITGO Leonard Dolhert, Aither Chemicals, LLC Robert Wisner, Ph.D., Iowa State University Mark Roles, Magellan Midstream Partners, L.P. Wes Osbourn, Koch Supply and Trading David Wortman, United Refining Company Robert Sharp, Platts Andy Lipow, Lipow Oil Associates, LLC Lynn Westfall, Turner Mason and Co. Nathan Harvey, U.S. Department of Energy Kristen Holmquist, BENTEK Energy, LLC Gabriel P. Moreen, Bank of America Merrill Lynch Scott Jensen, Baker & OBrien Cal Hodge, A 2nd Opinion Alan J. Troner, Asia Pacific Energy Consulting
Refiner r Oilgram News

May 2122, 2012 Hilton Post Oak Houston, Texas

Keynote Addresses:
Exporting Refined Products US Dynamic Growth Charles T. Drevna, President, American Fuel & Petrochemical Manufacturers (formerly NPRA) What the Closing of Northeast Refineries Will Mean to the Refined Products Industry Nathan Harvey, Logistics Management Specialist, U.S. Department of Energy

Engage in Interactive Discussions on:

Regulatory issues affecting the refined products industry Refined product storage Overview of Magellan pipeline system and terminals Inside the barrel What products will lead demand? Growth of cracker construction Shales impact on the market Will US consumption for refined products increase? Competition from foreign refineries Market outlook for cleaner fuels To what degree will E-15 be used in the US and will it make an impact on meeting the RFS?

Supporting Organizations:

DAY 1: Monday, May 21, 2012

7:30 8:30 Conference Registration and Continental Breakfast Chairs Welcome and Opening Remarks Nancy Yamaguchi, Ph.D., President, Trans-Energy Research Associates, Inc.

12:15 1:45

Networking Luncheon Shales Impact on the Market

Increased NGL production impact on gasoline blending NGL exports hedging done by consumers and producers Movement of diesel from North America to Europe Overall changes in crude slate quality and product yields Price forecasts for fuel oil indices, not just future swap prices Day-to-day fundamental analysis on the crude-to-fuel oil spread Ranking of third party data aggregators Managing an efficient and lean oil based supply chain Wes Osbourn, Derivatives Trader, Koch Supply and Trading David Wortman, Manager, Supply and Trading, United Refining Company

8:45

Exporting Refined Products US Dynamic Growth

Creating jobs Improving Americas economic and national security Improving balance of trade Charles T. Drevna, President, American Fuel & Petrochemical Manufacturers

KEYNOTE

9:15

Regulatory Issues Affecting the Refined Products Industry

Addressing the latest in low sulfur regulations Complexities of differing state regulations Changing industry specifications How do they affect longer term contracts? MARPOL Annex VI impact Low sulfur bunker or marine diesel oil (MDO) requirements? California Low Carbon Standards What this might mean to West Coast refiners European influence Greek debt, quantitative easing, and European Union Treaties Jones Act Antoine Halff, Lead Industry Economist, U.S. Energy Information Administration Robert Kent, Vice President, Refining, CITGO

2:45 3:15

Networking & Refreshment Break Impact of E-15 Adapting to an Increasingly Aggressive RFS
How exactly is an E-15 gasoline blend approved? To what degree will E-15 be used in the US? Will major refiners and marketers decline to use it altogether? Under any scenario will it make a significant impact on meeting the RFS? Do retailers fear liability issues using E-15? Robert Sharp, Associate Editorial Director, Americas, Platts

10:15 10:45

Networking & Refreshment Break Bio-based Feedstock Role in Refined Products

EPAs 2012 RFS2 volume requirements Biorefining industry outlook Next-gen developments Brazil Defining our importing/exporting relationship moving forward 4:30 4:00

Emission Progress Timeline Yesterday and Today

Todays vehicles emit 99% less emissions than their predecessors on the first Earth Day in 1970 Changes in the US refining industry that make that possible Government program implications Cal Hodge, President, A 2nd Opinion, Inc.

Robert Wisner, Ph.D., University Professor Emeritus and Biofuels Economist, Iowa State University 11:30

Inside the Barrel Product Demand and Competition

What products will lead demand in the lower demand environment? ultra-low sulfur diesel? unleaded gasoline? jet fuel? Will US consumption for refined products increase? Competition from foreign refineries Andy Lipow, President, Lipow Oil Associates, LLC Lynn Westfall, Executive Vice President, Turner Mason and Co.

Refined Product Storage Magellans System

Overview of the Magellan pipeline system and terminals Refined product storage expansion associated with the reversal of Magellans Crane to Houston pipeline system various grades of gasoline that can be accommodated on the system from Houston to West Texas Magellans view on sub octane conversions in traditional conventional gasoline markets in the Midwest Fungibility challenges associated with E-15 (especially in the summer months) Mark Roles, Director, Commercial Operations, Magellan Midstream Partners, L.P.

CASE STUDY

To register or obtain more information visit

www.refining.platts.com

5:30 6:30

Wine & Cheese Networking Reception

Close of Day One

11:30

Increasing Product Exports Its a New Ball Game for the US

The improving competitiveness of domestic refiners in export markets Outlook on regional import/export patterns Potential markets for increasing exports Scott Jensen, Senior Consultant, Baker & OBrien

DAY 2: Tuesday, May 22, 2012

7:30 8:15 Continental Breakfast Chairs Review of Day One Nancy Yamaguchi, Ph.D., President, Trans-Energy Research Associates, Inc. 12:15

Close of Conference

Maximize Your Networking Opportunities

Showcase your products and services to senior-level decision makers. Platts North American Refining and Trading offers you an excellent opportunity to maximize your 2012 marketing dollars through these sponsorship opportunities:

8:30

What the Closing of Northeast Refineries Will Mean to the Refined Products Industry
Alternative supply options Implications for transportation fuels Northeast home heating oil reserve Fuel security for the military

KEYNOTE

Cocktail Reception Host Networking Break Host Breakfast Host Luncheon Host Branded Product Giveaways Exhibitor
To learn more about sponsorship and exhibit opportunities, please contact Lorne Grout, Senior Business Development Manager at 781-430-2112 or email him at lorne_ grout@platts.com

Nathan Harvey, Logistics Management Specialist, U.S. Department of Energy 9:15

Growth of Cracker Construction A Look from Inside and Outside the US

Current and future North America ethylene capacity Will the ratio of crude-to-gas stay high? Will the discount on ethane continue? Interfeedstock competition for ethylene crackers Ethane supply and pricing in the northeast vs. Mont Belvieu hub pricing as those formations come in line Case Study: Aither Cracker Facility Appalachia lower capital cost than steam cracking ethane consumption Aither process advantages Kristen Holmquist, NGL Manager, BENTEK Energy, LLC Leonard Dolhert, Chief Executive Officer, Aither Chemicals, LLC Alan J. Troner, President, Asia Pacific Energy Consulting

PANEL DISCUSSION

Who Attends?
Petroleum refiners Refined products traders, suppliers, and marketers Refined products transportation and storage Crude oil producers and traders Refined products regulators

CASE STUDY

10:30

More Refined Products Exports Equals MLP Infrastructure Expansion

Benefits and risks to refined product MLPs Benefits compared to other energy MLPs Gabriel P. Moreen, Pipelines, Utilities & MLPs, Bank of America Merrill Lynch

Platts Upcoming Events

3rd Annual SBB Shale Tubulars June 78, 2012 Pittsburgh, Pennsylvania 6th Annual Texas Power Markets Forum June 1213, 2012 Houston, Texas 9th Annual Bunker & Residual Fuel Oil Conference June 2122, 2012 Houston, Texas Utility M&A June 2526, 2012 New York, New York

11:00

Networking & Refreshment Break

To register call toll-free 866-355-2930 (781-430-2100 outside the US) or fax 781-430-2101.

Register by April 13, 2012 and SAVE $300

North American Refining and Trading

Margins under Siege in Margins under Siege in a Volatile Market
May 2122, 2012 Hilton Post Oak Houston, Texas
Registration Fee:
Early Bird Discount Standard Rate

Keynote Addresses:
Exporting Refined Products US Dynamic Growth Charles T. Drevna, American Fuel & Petrochemical Manufacturers (formerly NPRA) What the Closing of Northeast Refineries Will Mean to the Refined Products Industry Nathan Harvey, U.S. Department of Energy

Case Studies:
Refined Product Storage Magellans System Mark Roles, Magellan Midstream Partners, L.P. Aither Cracker Facility Appalachia Leonard Dolhert, Aither Chemicals, LLC

Commercial $1,195 $1,495 Government/Muni/Coop Discount $995 $995 The conference registration fee includes breakfasts, luncheon(s), reception, refreshments, and post-conference documentation. Payment in full is required for attendance. If payment or proof of payment is not received before the start of the event, our staff will require a credit card guarantee to allow entry. All onsite registrations will be charged an additional $100.

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Early Bird Discount Register by Friday, April 13, 2012 to SAVE $300 off your registration fee. Team Discount Register 3 attendees at the Standard Rate and send 1 additional attendee from your organization FREE. All registrations must be paid for at the same time to qualify. To register with the team discount, please photocopy and fill out this form for each attendee or call. Government Muni/Coop/Discount Verification may be required.

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