On Friday 2 December, WPI broke down the proposed 2023 - 2025 required volume obligations (RVOs) under the Renewable Fuel Standard. The rule was 692 pages long, and away from the top line summary, there are a few other bits of information worth taking a second look at and putting into context with some potential policy changes for E15. First, with regard to ethanol volumes and corn utilization; as noted previously, the RVO for conventional biofuel was set at 15.25 billion gallons in 2024 and 2025. However, EPA’s estimates for those year are that only 14.5 billion gallons of corn ethanol will be used, per the following table. Thus, the full volume is assumed to be met by non-cellulosic advanced biofuel. Per the trading hierarch...
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...
From WPI Consulting
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.