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…
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...