STRATEGY & ECONOMICS
Weighing Market Forces to Make Informed Decisions
Stillwater Associates develops economic analyses around these issues to help clients make the best choices for their businesses.
Identifying Risks and Discovering Opportunities
We work with established industry players and emerging businesses to assess weaknesses and define opportunities. Our analyses guide our clients to make decisions that lead to success.
The transportation fuels market is in transition
Stillwater’s transportation fuels market studies create a clear picture of the industry
We are experts on the transitioning transportation fuels market. Clients rely on Stillwater to study the impact of regulations and market trends and assess the feasibility of new endeavors. We have performed baseline market studies on renewable transportation fuels and technologies including renewable feedstocks, ethanol, biodiesel, renewable diesel, sustainable aviation fuel, renewable natural gas, hydrogen, and electric vehicles. We have also studied the impact of petroleum demand destruction on fuel supply and prices. Stillwater’s approach provides a thorough analysis for each fuel, target market, and use case. We account for the regional fuel supply and demand balances, price of feedstocks, outlooks for carbon credits, refining technology and capacity, logistics, fueling infrastructure, and vehicle technology. Based on this approach, our experts identify opportunities and risks to create innovative market strategies.
Industry stakeholders need a forward looking view of the market
Stillwater’s carbon market outlooks offer a view of the future for the transportation energy transition
Carbon markets play an integral role in transportation energy market strategy. Market participants need a reliable outlook on carbon credit prices to plan for the future. Stillwater’s proprietary modeling offers an expert view of carbon credit prices through 2035. We offer outlooks for the California Low Carbon Fuel Standard (LCFS), Oregon Clean Fuels Program (CFP), British Columbia LCFS (BC-LCFS), and U.S. Renewable Fuel Standard (RFS). We also offer a forward-looking view into the supply and demand balances for lipid feedstocks available for fuels into the North American markets. These outlooks equip subscribers with deeply informed views of the likely future of carbon markets and the availability of low-carbon fuels.
Our full suite of proprietary outlooks is offered as an annual subscription via Stillwater’s Carbon Market Outlooks Dashboard. A one-year subscription includes quarterly updates to our LCFS outlook and annual updates to our CFP, BC-LCFS, RFS, and lipid feedstock outlooks. Each subscription also comes with a one-hour, one-on-one Q&A session with Stillwater’s senior subject matter experts!
Developing a clear business strategy is difficult without the right expertise
We see things others miss
Stillwater Associates understands what drives the transportation energy economy. Our team is committed to providing our clients the latest economic data, in-depth analysis, and guidance to create competitive advantage.
Featured Contributors

Megan Boutwell
President
As Stillwater’s President, Megan Boutwell is responsible for promoting Stillwater Associates as the leading experts on transportation fuels issues. Megan directs business operations and implements growth management within the company.
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James L. Mladenik
Senior Associate
After 33 years with ARCO and BP, Jim Mladenik joined Stillwater Associates in January 2016. Recent projects have included consultation on mergers, litigation support, and comments to the EPA on the role of E85 in meeting the Renewable Fuel Standard.
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Dr. Adam Schubert
Senior Associate
Adam joined Stillwater in 2018 following a 33-year career with ARCO, BP, and Butamax (a joint venture of BP and DuPont).
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