There was a lot to sort through on Tuesday’s RVO announcement. Below is a look at some key issues. SREs: There has been a lot of media coverage implying that the EPA will deny all pending small refinery exemption (SRE) requests. But as we wrote on 7 December, that action would be “subject to a notice and public comment review since it is a change in EPA’s process on SREs.” Specifically, EPA is calculating a low and high end of a range for SREs. At the low end, EPA is considering the exempted volume is zero; at the high end, EPA is calculating SREs based on the “same methodology used in the 2020 final rule.” That would be 8.19 billion gallons of total fuel (not biofuel) produced by small refi...
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.