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)….
11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
11.22.2024
Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
11.22.2024
Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...