California’s Low Carbon Fuel Standard (LCFS) credit bank reached an all-time high of 29.19 million at the end of the second quarter 2024, according to data released by California’s Air Resource Board (CARB) on October 31.
Biodiesel and renewable diesel (RD) played a noticeable role in the credit increase, with adoption of the two fuels rising from 0.40% of the distillate volume to 74.2% of the volume halfway through 2024.
RD consumption has risen every year and currently accounts for 67% of the distillate market share.
Biodiesel consumption peaked at 7.7% in 2021, tapering off to a 7.4% market share in 2023, and has been 7.2% through the second quarter of 2024.
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01.29.2025
DCO prices strengthen as output, ethanol production decline on week
Prices for US animal fats and oils held steady to higher on Wednesday January 29, with much of the day's trade concentrated in the distiller’s corn oil (DCO) markets.
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Automotive leather sector wary of potential US tariffs on Chinese goods
For most US hide sellers, the market remained quiet on Wednesday January 29, as Chinese tanners were away for their Lunar New Year holiday. But some activity persisted, particularly...
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The US animal fats and oils markets were stable to higher on Tuesday January 28, supported by ongoing discussions of strong demand.
The Gulf Coast region has experienced...