In our case, regulation drives demand because the renewable fuel standard actually gives us access to a market by creating a demand. So the 5% ethanol blend is a regulation that is not for us, but it provides a market for us.
There is an opportunity to drive innovation by considering increasing the RFS. Today we have a 5% RFS. There is an opportunity to increase it. Today we're almost meeting this RFS with actual production for first-generation ethanol.
If we want to stimulate innovation, we need to have demand for next-generation biofuels as well, so I think we should consider in the next years increasing the RFS.
In the U.S. they are already blending 10%, and the E15 is now approved by the EPA .