Last year the EPA denied a petition to change the point of obligation on biofuels compliance but opened a comment period to consider the issue further. In the coming days, the agency is expected to confirm its initial decision.In the next week or so, the Trump administration will likely announce its decision not to change the point of obligation under the Renewable Fuel Standard (RFS). While this is considered a victory for the ethanol sector, it must also then be considered a defeat for Carl Ichan, the unofficial advisor to President Trump who was the strongest supporter of this change.It is helpful to understand the background. Currently, refiners and importers are the obligated parties under the RFS, which means they are responsible for...
Key Takeaways: Soyoil futures have been trading at the highest levels since 2022. Higher crude oil prices have allowed biofuels to be more cost-competitive with fossil fuels. Recent U.S. biofuel policy, including 45Z, has been favorable toward soyoil as a feedstock. California will be limiting...
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.