05.17.2024
Uncertainty with 45z tax credit may affect Q1 2025 biofuel contracts
The expiring BTC provides a one dollar per gallon blenders credit up front with an additional 30 to 40 cents of credit to producers on the backend. Crimson...
Oregon CFP Moves Forward, Colorado CFS Backs Away
The Oregon Clean Fuels Program (CFP)
Oregon was the first state within the US to follow California with a LCFS-like program. In 2009, the state legislature authorized the Environmental Quality Commission to reduce the average carbon intensity of transportation fuels 10 percent over a 10-year period. In 2015, the state legislature directed the Department of Environmental Quality (DEQ) to fully implement the Clean Fuels Program (CFP), which began in 2016. The baseline year for the program is 2015 and the rule requires a 10 percent reduction in average carbon intensity from 2015 levels by 2025.
Governor Kate Brown signed Executive Order 20-04 (EO) on March 10, 2020. The new EO directs the Department of Environmental Quality (DEQ) and the Environmental Quality Commission (EQC) to expand the…