Oregon CFP Credit Bank Shows First Back-to-Back Quarterly Draws

Oregon CFP Credit Bank Shows First Back-to-Back Quarterly Draws

**Please Note** The Jacobsen will not publish The Biodiesel Bulletin next Thursday & Friday, November 27th and 28th, in observance of the Thanksgiving holiday. Trade will close at noon CT on Wednesday with publication shortly after.**

 

Second Quarter Oregon CFP Credit Production Improves 

Oregon’s Clean Fuels Program (CFP) saw biofuel performance improve following a disappointing first quarter start to 2021.  Credit generation increased 32 percent over Q1 while deficit generation climbed 29 percent. The percentage increase in quarterly credits was larger than the increase in deficits, although it was not large enough to prevent another quarterly draw on banked credits.   Second quarter credit generation was 28 percent above Q2 2020, and deficit generation was 39 percent over Q2 2020.

Total credits generated during the second quarter increased 99,056 to 407,814.  Ethanol was the largest credit…

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