LCFS Credit Price Could Reverse Trend

LCFS Credit Price Could Reverse Trend

 

Increasingly Dirtier Oil Will Impact LCFS Deficits

California refines crude oil from 18 countries around the world, seven US states, and the US Outer Continental Shelf (OCS) (as of 2020). Within California there are 157 major oil fields in operation. During 2020, California refined 478.4 million barrels of crude oil, which had an average CI (gCO2e/MJ) score of 13.39.

Most of the oil processed by California comes from within the state.  California supplied itself with 31% of the crude oil processed, followed by Alaska (19%), and Ecuador (12%). Oil supplied to California from the other US states and the OCS account for 51 percent of the oil processed in California.

Unfortunately for California and the LCFS program, California is also the home of some of the worlds dirtiest crude oil. The carbon intensity scores for crude oil supplied in 2020, range from 1.59 (g/MJ) in the US OCS to 48.13 (g/MJ) at the US California…

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06.27.2025

Sausage casings bulletin, June 27, 2025

Sausage casings bulletin, June 27, 2025

Runner market commentary

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06.25.2025

Sausage casings bulletin, June 20, 2025 [corrected]

Sausage casings bulletin, June 20, 2025 [corrected]

Runner market commentary

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06.24.2025

Correction to sausage casings, resale, North American hog runners, whiskered, ex-works North America on June 20: pricing notice

Correction to sausage casings, resale, North American hog runners, whiskered, ex-works North America on June 20: pricing notice

North American hog runners price published on Friday was incorrect due to a formula miscalculation. The original reported price of $1.63 has been corrected to the accurate rolling average...

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