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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01.15.2025
DOE, USDA release updated GREET, CSA models
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...
01.15.2025
US animal fats and oils markets climb, tracking gains in vegoils, energy complex
After a relatively slow start to the week, trading in the US animal fats and oils markets gained momentum on Wednesday January 15, driven by developments in the macroeconomic...
01.15.2025
Limited trade keeps most animal protein prices flat; December NOPA crush pressures soybean meal
Limited trade volume was reported to Fastmarkets on Wednesday January 15, with most US animal protein trade prices remaining rangebound for the day, according to market sources.
The...