The current renewable fuel standard (RFS) went into place in 2008 after the legislation was passed in the 2007 Energy Independence and Security Act (EISA); that bill raised the biofuel obligations from the original 2005 Energy Policy Act’s initial RFS. Of course, COVID in 2020 had a major impact on fuel demand, which also adversely impacted biofuel demand. So far, the monthly average of vehicle miles traveled in 2020 is 6 percent below 2008, and still hasn’t recovered to the level of any month since 2008. To put it in further context, vehicle miles traveled in 2019 were 10 percent higher than in 2008. The drop is significant as the chart below shows. What is also at work, as the RFS faces its final two years of statutory volum...
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
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.