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CA LCFS credit bank hits record high as biobased diesel consumption rises

Alexandra Watts | 11.08.2024

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.

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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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03.07.2025

Sausage casings bulletin, March 7, 2025

Runner market commentary
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03.03.2025

EASA releases EU SAF mandate penalty reference prices

The EU Aviation Safety Agency (EASA) released its report on 2024 aviation fuel prices on February 25, and this will be used to assess penalties for non-compliance with ReFuelEU...

03.03.2025

Gulf UCO, tallow prices edge lower; Chicago lard posts modest gains

Activity in the US animal fats and oils markets picked up late in the day on Monday March 3, with the US Gulf region reporting the bulk of trades.

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