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...
October Credit Transactions Rise in California and Oregon, Fall in British Columbia
LCFS credit transactions increased sharply during October in the California and Oregon markets, while dropping abruptly in the British Columbia market. California October credit transfers reached 434, up from 136 in September, pushing October credit volume to 3.78 million; up from 1.52 million in September. This was a 149 percent increase in credit volume over September and was a 69 percent rise over October of 2020.
Oregon saw similar movement in transfers and transaction volume. October credit transfers increased from 17 in September to 27 in October, resulting in October credit volume of 129,623 rising 73 percent above September and 55 percent over October of 2020.
British Columbia, the smallest of the three credit markets, experienced the opposite in transfer activity and credit volume during October. Credit transfers declined…