The EPA released the proposed required volume obligations for 2023 through 2025 yesterday. Below is a summary of the proposed volumes by category.
The top takeaways:
In a separate proposed rule issued with the RVOs, EPA finalized an approved pathway for canola oil to be used in renewable diesel – that’s positive for canola.
Ethanol volumes are bumped up in 2024 and 2025 – that’s positive for corn.
And the biggest news, under the proposed rule, EV’s would be able to generate RINs, qualifying as advanced biofuel and nested within the cellulosic biofuel category – that’s very positive for EVs and renewable electricity, but threatening to biodiesel, as well as liquid fuels overall.&nbs...
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...