Oregon’s clean fuel program (CFP) generated more deficits than credits in the fourth quarter of 2022, marking the first quarterly build in banked credits in a year. Biodiesel and renewable diesel combined to contribute 54 percent of program credits. Ethanol and Electricity were the next largest credit generating fuels, adding 24 percent and 11 percent respectively.
Fourth quarter credit generation reached 525,383, eight percent above the third quarter generation and 33 percent over the 395,400 credits created in Q4 2021. Deficit generation fell seven percent to 520,627 in the fourth quarter, led in part by less diesel consumption. With credits outpacing deficits by 4,756, the credit bank had its first quarterly increase in a year. That wasn’t enough to offset the prior three quarterly credit draws.
The credit bank closed 2022 with…
12.26.2024
East Coast renewable diesel supplies likely to decline: EIA
Renewable diesel supplies on the US East Coast could be cut in half starting in January as the Clean Fuel Production Credit (CFPC) replaces the expiring Blender’s Tax Credit,...
12.26.2024
US animal fats and oils markets mostly stable, with movement only in CWG
The US animal fats and oils markets were largely steady on Thursday December 26 amid limited trade activity due to the Christmas holiday.
The only notable activity observed...
12.26.2024
Avian flu spikes in poultry, cattle sector at end of 2024
US animal protein prices were steady on Thursday December 26, with limited volumes reported to have been traded.
US avian flu update
Year-to-date US poultry headcounts affected by...