LCFS Credits Outpace Deficits
Total credit volume within California’s LCFS program increased 265,896 to 4.34 million during the fourth quarter of 2020. This was 6.53 percent above Q3 and 6.1 percent more than in Q4 of 2019. Deficit production fell by 56,301 to 3.96 million during the fourth quarter of 2020. This was 1.4 percent below Q3 but 1.8 percent above Q4 2019.
Biodiesel and renewable diesel consumption showed strong growth during fourth quarter reporting. Biodiesel credit generation increased 56,374 to 649,972 during the fourth quarter. This was 9.5 percent above third quarter reporting and the largest quarterly use of biodiesel on record. Renewable diesel credit generation increased 186,178 credits to 1.29 million Q4. This was 16.8 percent over third quarter reporting and…
11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
11.22.2024
Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
11.22.2024
Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...