As we reported on 6 August, EPA announced the 2013 required volume obligations (RVO) under the Renewable Fuel Standard (RFS) – albeit eight months late. RVOs set the minimum amount of biofuels that must be blended into the retail motor fuel supply. The only thing that changed from EPA's original proposed rule of January was the volume for the cellulosic category. EPA had initially projected cellulosic to be 14 million gallons and that amount was scaled back to 6 million gallons in the final rule that also included a table showing the production origins. It notes:As can be seen above, EPA is counting on ALL, or at least 83 percent, of the cellulosic fuel under this year's RVO to come from one company, KiOR. However, KiOR has announced that...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Key Takeaways: Argentina is on pace for a record corn crop and record exports in the current marketing year, with abundant supplies likely to keep the country highly competitive in global export markets. Argentina’s record exportable surplus is allowing it to offer highly competitive pri...
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.