In September 2023 the California Air Resources Board (CARB) released the Standardized Regulatory Impact Assessment (SRIA) aimed at changing the LCFS compliance curve. Current compliance calls for a 20% reduction from a 2010 baseline in the carbon intensity of transportation fuel by 2030. The proposed amendments would increase compliance to a 30% reduction by 2030 with additional step downs leading to a 90% reduction by 2045. The proposed amendments could lead to an additional 558 million credits needed to meet compliance. Under the SRIA, LCFS credit prices are expected to range between $120 to $180.
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04.29.2024
Strong domestic biodiesel margins support rising crude glycerin inventory
Crude glycerin prices are holding steady to slightly lower in the week to Monday April 29, with improved biodiesel margins helping to keep the supply of glycerin strong.
04.29.2024
Gulf tallow prices higher; optimism builds for higher demand for June
Tallow traded higher into the US Gulf market on Monday April 29, up to 41 cents per lb delivered. Outside of the Gulf market, trading was quiet with sources...
04.29.2024
Animal protein prices steady at start of the week
US animal proteins were steady on Monday April 29. Limited trade was reported, with multiple market participants are expected to attend the Petfood Forum in Kansas City, Missouri, this...