EPA will set ethanol Renewable Volume Obligation (RVO) for 2020 to net out at 15 billion gallons; that is the latest word on the new biofuels package proposed by the Administration according to commentary from EPA Administrator Andrew Wheeler. The 2020 RVOs have been a political hot potato for a while and the subject of much speculation since 30 August when the President announced that there would be a “giant package” to boost biofuel use. Since then details, speculation and pieces of the package were leaked. Much of that information pointed to a 16 billion gallon RVO for corn ethanol in 2020, as we noted on 13 September. But as WPI also wrote on 30 August, conventional ethanol faces a statutory cap of 15 bill...
From WPI Consulting
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.