The U.S. Environmental Protection Agency (EPA) has released the 2013 "renewable volume obligations" (RVOs) for 2013 under the Renewable Fuel Standard (RFS) with a surprisingly bullish cellulosic level and no waiver from the advanced biofuel levels. These are proposed levels, subject to a 45-day comment period, and thus could change in 60 days or so.Below is a closer look at EPA's math.Blend Wall: EPA calculates that the 16.55 billion-gallon mandate for total biofuel use would be 9.63 percent of the total motor fuel use on and off road adjusted for small refiners and Alaska, which opts out. The shortcut to the figure is based on the Energy Information Administration (EIA) data from the January 2013 Short-Term Energy Outlook (STEO). STEO da...
Yesterday, Alberta held a referendum on whether to begin the process toward independence from Canada. With more than one million votes counted as of early Tuesday morning, around 77 percent supported remaining in Canada, and 23 percent voted to start the process of separation, according to unof...
Mediterranean/Middle East/North Africa/Africa – MEA Region Pakistan’s smaller wheat farmers have been holding protests to complain about the lack of a support price for wheat and the potential expansion of GMO crop production. They also want the reinstatement of PASSCO, the governme...
What You Need to Know Today: Harvest pressure in the U.S. sent corn and soybeans lower as supplies increased and there were signs USDA’s upward revisions to yields in the October WASDE could be close to right. The conflict between Russia and Ukraine escalated over the weekend, with Ukrai...
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.