On Wednesday January 15, the US Department of Energy (DOE) released the long-awaited update to the Greenhouse Gases, Regulated Emissions and Energy Use in Transportation (GREET) model, now called 45ZCF-GREET.
Using the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) or the updated GREET model — which shows extensive changes over the previous version and is still being assessed by Fastmarkets — biofuel producers can now determine their feedstock emissions rate under the 45Z Clean Fuel Production Credit (CFPC). The value of the credit is based on a fuel’s lifecycle greenhouse gas emissions rate.
In general, many new options have been added for fuels, feedstocks and production pathways.
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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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Trade quiet in animal protein market ahead of tariff implementation on Canada and Mexico
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