Last week, Representative Cheri Bustos (D-Illinois) introduced the Next Generation Fuels Act. The legislation would establish a new 98 octane standard for gasoline and would require that octane sources in motor fuel result in at least a 30 percent reduction in greenhouse gas (GHG) emissions compared to unblended gasoline. This idea has been floating around since 2018 when the House Energy and Commerce Subcommittee on the Environment held a hearing in April of that year regarding how high-octane fuels (HOF) could replace the RFS. In November of 2018, during the lame duck session of the 115th Congress, representatives John Shimkus (R-Illinois), who has spent the past few years working on an RFS reform plan that all sides could accept,...
What You Need to Know Today: President Trump claimed the ceasefire between the U.S. and Iran was over, as both sides accused one another of violating the terms of the agreement. Commercial vessels are increasingly steering clear of the Strait of Hormuz as security risks escalate following Iran...
Key Takeaways: The CME Group is launching new 90 percent Lean Beef and 50 percent Lean Beef futures and options contracts in July. There are five key factors that must be present in physical markets and futures contract specifications for futures contracts to become successful. The two l...
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.