California LCFS Credit Bank Expands to All-Time High of 16.5 Million Credits
California’s LCFS RIN bank climbed to a new record high of 16.5 million banked credits. Credit production reached 6.67 million, 6.5 percent below Q4 2022’s total of 7.13 million credits. Program deficits amounted to 5.33 million, 2.7 percent under Q4 2022 production of 5.48 million. There were 1.34 million more credits created than deficits during the first quarter, allowing the bank to expand to the new all-time high.
Renewable diesel continued to be the fuel of choice for credit generation within the LCFS program, accounting for 37.6 percent, or 2.5 million, of the credit total. Notably, renewable diesel also accounted for 10 percent of all the liquid fuel consumed in California during the quarter. This includes all gasoline and diesel.
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02.04.2025
Chicago, Gulf animal fats and oils markets strengthen despite ongoing uncertainty
The US animal fats and oils markets were stable to higher on Tuesday February 4, as Chicago market activity saw a notable uptick throughout the day.
Six railcars...
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Light trade volume leaves most US animal protein prices flat
Light trade volume was reported in the US animal proteins markets for Tuesday February 4.
Ruminant meat and bonemeal, Missouri River, was reported as steady from Monday February...
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December US soybean crush, corn consumption up month on month
US soybean crush above monthly, yearly levels
Soybeans crushed for crude oil totaled 218 million bushels in December 2024, up by 7% from November and by 4% from...