As I had previously said, Bean oil was pricing a large increase in Biomass-based Diesel but that ended up being long and wrong! I think the biggest factor in today's RVO proposal is the EV RINs emphasis that could account for as much as 1.4 Billion RINs (D3). EPA bias towards EV as opposed to drop-in fuels is now clear and requires a more reasonable approach to all CAPEX in this sector. Clearly Renewable Diesel capacity investments well ahead of EPA vision. Now this is an EPA proposal and through Jun, there will be lots of discussions, but this time with a split Congress.
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