2. National Cottonseed Products Association Cottonseed Oil & Renewable Fuel Standard

3. Cottonseed Petition  Submitted to EPA in November 2011  Petition process ground to a halt  Factors: over-thinking it, volume, RFS workload, resources, morale  University of Illinois analysis & BIO letter

7. EPA Reviewing Petition Process  Acknowledged need for improvements  6 month period to improve quality and efficiency of the petition process  will propose new guidelines  will continue to review high priority pending petitions, including cottonseed

8. Timeline?  EPA will not provide any timeframe for next steps or completion  will only say, “closer to the end than the beginning”  Monthly updates, beginning May 14 th

9. Broader RFS Issues  2014 Required Volume Obligations  June 20 th target for Final Rule  Ethanol blend wall & lack of cellulosic production  Pressure from petroleum industry

10. Biodiesel Demand Factors  2014 & 2015 RVO  Biodiesel Tax Credit  Argentina  FDA action on Trans Fat  China veg oil demand