The ethanol industry’s regulatory and legislative strategy to gain approval for E15 either by regulation or legislation is outlined.While E15 has been generally approved for use in the nation’s fuel supply since 2011 (for all automobiles starting with model year 2001), its volatility prevents usage in the summer months when there are clean air regulations that regulate fuels based on their evaporation rates (i.e., volatility). Volatility is measured in Reid Vapor Pressure (RVP), and summer fuels must have an RVP of 9 pounds per square inch (psi) or less. Biofuels blended into gasoline make the finished fuel exceed the RVP standard by 1 psi. Basic E10 was granted a 1 psi waiver from the RVP standards to ensure a year-round supply of biofuels...
What You Need to Know Today: China’s state-run COFCO, in statements on Tuesday, implied that U.S. corn exports were currently uneconomical but hinted that the Middle Kingdom would import 3.5 MMT of the feed grain this year, with 1 MMT likely sourced from the U.S. Another drone attack has...
Tanker-tracking data shows a smaller recovery in oil flowing through the Strait of Hormuz than previously thought. Energy Secretary Chris Wright, speaking by video to an international energy conference in Riyadh, Saudi Arabia, said that oil moving through the strait was back to 80 to 90 percent...
Key Takeaways: While soybean, palm, sunflower, and rapeseed oils dominate global vegetable oil markets, premium oils such as olive, avocado, coconut, and sesame command substantially higher prices due to their distinctive flavors, nutritional characteristics, and specialized culinary uses.. Ol...
From WPI Consulting
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.