On 11 July, WPI reported that the 2023 required volume obligations (RVOs) were expected to come in mid-September; that was based on a proposed consent decree from EPA with the biofuels association Growth Energy who filed a complaint in April over EPA’s failure to promulgate a rule establishing the 2023 RVOs by the statutory deadline of 31 October 2021. That timeline has changed, according to court documents, where both parties have agreed to a new timeline. Under the new agreement the proposed RVOs will be issued by 16 November and finalized by 14 June 2023. The 2023 RVOs are a significant milestone for the RFS; the statutory schedule under the 2007 Energy Independence and Security Act (EISA) expired in 2022. Now, EPA has discretion...
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
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.