05.17.2024
Uncertainty with 45z tax credit may affect Q1 2025 biofuel contracts
The expiring BTC provides a one dollar per gallon blenders credit up front with an additional 30 to 40 cents of credit to producers on the backend. Crimson...
Weekly LCFS credit volume fell to a 12-week low as contracted trades evaporated. Contracted trades fell from 33 the week prior to nine in the latest weekly trading report. Spot market trades were more resilient, slipping from 17 to 15. Volume is expected to remain relatively flat for another week before beginning to climb towards new near-term highs in late September/early October. The next LCFS reporting period is October 2, 2023, with a publication date of October 31, 2023.
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