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...
LCFS Credit Volume Down 37% Week Over Week; 54% over 2021 Weekly average
Weekly LCFS credit volume of 821,387 was 37 percent below last week’s volume but 54 percent over the 2021 weekly average of 534,702. Credit volume was the 10th largest weekly total on record, following last week’s record total of 1.31 million. Second quarter volume is 107 percent over first quarter volume (two-week comparison) and 92 percent above Q2 of 2020. The average price paid per credit declined $4.36 to $192.92. Of the 100 transactions during the week, eight percent were type 1 transfers of 67,207 credits and 92 percent were type 2 transfers totaling 754,180. Type 1 transactions are executed within 10 days of an agreement. Type 2 transactions are executed beyond 10 days of a transfer agreement. Type 1 transactions may give a more accurate indication…