04.26.2024
P66 Rodeo to begin producing SAF in Q3
Phillips 66 brought its long-awaited Rodeo Renewable Energy Complex online during the first quarter of 2024, but it is not producing sustainable aviation fuel (SAF) yet, the company said...
LCFS credit volume hit an all-time high during the first full week in October. Weekly volume of 1,338,348 was 116 percent over the prior week and 199 percent over the 2021 weekly average of 447,855. Fourth quarter volume is 140 percent above third quarter volume and 201 percent over Q4 of 2020. There were 151 transactions during the week, up from 51 the week before. The weighted average price paid per credit increased $2.40 to $182.42. Of the 151 transactions posted, Type 1 transfers totaled 128,970 credits and Type 2 transfers accounted for 1,209,378 credits. Type 1 transfers accounted for 19 percent of the transactions and 10 percent of the volume.
Type 1 transactions are executed within 10 days of an agreement. Type 2 transactions are executed beyond 10 days of a transfer agreement. Type 1 transactions may provide a more accurate indication of market conditions and price direction…