USA- Shift From Blender'sCredit Will Increase Demand

of Feedstock's (Soy oil)USA the potential shift from the blender's credit to a producers

credit would boost the profitability of US biodiesel producers and

increase demand for key feedstock like soya oil but reduce the

attractiveness of biodiesel imports. still it is not believe that imports

will completely

vanish if rumored subsidy switch is implemented, primarily because

of the biodiesel capacity and feedstock's limitations in the US as

well as the further significant growth in the US advanced biofuel

mandate envisaged for the 2017 (if this target are not changed).

DISCLAIMER this report is prepared by GG Patel & Nikhil Research Company (GGN). The information and opinions Contained in the document have been compiled from sources believed to be reliable.GGN does not warrant its accuracy, Completeness and correctness.

Dated: 06' March '17