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...
New Leaf Biodiesel to Shut Down Operations by End of 2023
The biodiesel operation in the San Diego Barrio Logan neighborhood plans to shut down most of the pls business by the end of the year. New Leaf Biofuel was founded in 2006 with a mission to provide Southern California with environmentally sound fuel. New Leaf had the lowest carbon intensity (CI) rating for biodiesel made from self-rendered used cooking oil, at 8.63 CI. This score gave them a competitive advantage to other producers that had used cooking CI scores ranging from 11.99 to 30.15. The lower the CI score the more valuable the LCFS credit.
Coincidently, the process surrounding the favorable CI may have caused tensions within the community. Residents have been at odds with the company for years, complaining the odors have become a concern, leading some to become sick with headaches, etc..
…