On February 8, 2019, Assembly Bill 5262 was advanced to establish a low carbon fuel standard in New York. The New York LCFS is intended to reduce carbon intensity from the on-road transportation sector by 20 percent by 2030, with further reductions to be implemented based upon advances in technology. This bill was amended on May 30, 2019 and referred to Environmental Conservation January 8, 2020. The bill did not make it out of committee during the 2020 legislative session. The New York LCFS claims to be the most ambitious in the country due to its climate goal of reaching net-zero emissions by 2050.
While a LCFS program for the NY transportation sector has not been enacted there is still reasons to believe it may become a reality. New York has taken important initial steps to electrify trucks and buses, recently signing onto a 15 state Memorandum of Understanding (MOU)….
05.03.2024
Biodiesel imports fall to 8-month low in March; exports rise to 3-month high
Biodiesel imported into the US fell in March for the first time in four months while biodiesel exported from the US reached a three-month high.
Import demand from...
05.03.2024
BFT, soybean oil weekly average prices tumble
For the week to Friday, prices were broadly lower compared with the prior week’s average. Packer bleachable fancy tallow was down by 2.2% from the prior week’s average on...
05.03.2024
US animal protein prices remain under pressure; soymeal rises
US animal protein prices were mixed in the week to Friday May 3 but showed no large movements, with multiple market participants traveling for the Petfood Forum in Kansas...