World Perspectives
biofuel

Ethanol Outlook

The U.S. Energy Information Administration (EIA) released its February Short-Term Energy Outlook (STEO) last week. Those projections offer a glimmer of hope that the industry can start to chip away at the growing stocks of fuel. The ethanol consumption forecasts for 2019 and 2020 were raised to 951,000 barrels per day (bpd) and 952,000 bpd, respectively, versus the 2018 estimate of 939,000 bpd. The overall motor gasoline consumption is pegged at 9.35 million bpd for both 2019 and 2020, which will support higher ethanol blending next year. Biodiesel consumption is expected to be 164,000 bpd in 2019 and then increase to 174,000 bpd in 2020. Those biodiesel forecasts are projected against production levels of 144,000 bpd in 2019 and 158,...

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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.

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