It has not been easy, but after 10 years of ups and downs, the California Air Resources Board and the LCFS program are on their way to accomplishing goals most couldn’t have imagined only a few years ago. Low CI fuels have really become a “thing” no longer is it just industry related talk, but mainstream newscasts and even social conversations are about lower CI values and renewable fuels.
For a number of years, it seemed as if California was going it alone, but then other states began to take notice, and producers from around the US and the world were focusing on the California renewable fuels market. We have seen renewable diesel move from being a niche market provider, second fiddle in a way to biodiesel, to now being the preeminent player within the substitute diesel fuel pool. LCFS credit prices have incentivized dramatic changes, allowing electricity, hydrogen, and even carbon…
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...