World Perspectives
biofuel

Proposed RVOs: Canola Oil and Electric Vehicles are the Winners

The EPA released the proposed required volume obligations for 2023 through 2025 yesterday. Below is a summary of the proposed volumes by category.

The top takeaways:

In a separate proposed rule issued with the RVOs, EPA finalized an approved pathway for canola oil to be used in renewable diesel – that’s positive for canola.

Ethanol volumes are bumped up in 2024 and 2025 – that’s positive for corn.

And the biggest news, under the proposed rule, EV’s would be able to generate RINs, qualifying as advanced biofuel and nested within the cellulosic biofuel category – that’s very positive for EVs and renewable electricity, but threatening to biodiesel, as well as liquid fuels overall.&nbs...

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From WPI Consulting

Weighing in on strategic realignment

WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.

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