04.24.2024
Biodiesel output strong in Q2; producers start locking in Q3-Q4 sales
A second producer echoed this sentiment and said they have had to work a bit harder to secure feedstock to line it up with sales at the right time.
It has not been easy, but after 10 years of ups and downs, the California Air Resources Board and the LCFS program are on their way to accomplishing goals most couldn’t have imagined only a few years ago. Low CI fuels have really become a “thing” no longer is it just industry related talk, but mainstream newscasts and even social conversations are about lower CI values and renewable fuels.
For a number of years, it seemed as if California was going it alone, but then other states began to take notice, and producers from around the US and the world were focusing on the California renewable fuels market. We have seen renewable diesel move from being a niche market provider, second fiddle in a way to biodiesel, to now being the preeminent player within the substitute diesel fuel pool. LCFS credit prices have incentivized dramatic changes, allowing electricity, hydrogen, and even carbon…