Weekly LCFS credit volume followed its quarterly cyclical trend, as volume pushed to a nine-week high last week. Historical data suggests weekly volume may rise to 1.5 million contracts in the next week or two. Increased volume contributed to lower credit prices during the week, with the average spot market price falling to a 29-week low. The LCFS reporting period ended October 2, 2023, and has a publication date of October 31, 2023.
2023 LCFS credit volume is 4.4 million above 2022 volume through the same period but generating $929 million less in revenue. The average 2023 credit price of $76.10 is fifty-nine percent below the 2022 average of $121.10. LCFS credit volume is on the rise but due to deflated prices, revenue remains at multi-year lows.
…
10.17.2024
US DOE to guarantee nearly $3 billion in SAF loans to Gevo, Montana Renewables
The US Department of Energy’s Loan Programs Office announced on Wednesday October 16 conditional commitments for up to $2.9 billion in loans for two sustainable aviation fuel (SAF) producers.
10.17.2024
US fats and oils markets quiet amid industry event; DCO production up
The US animal fats and oils markets were quiet on Thursday October 17, with the majority of participants attending the American Fats and Oils Association (AFOA) event in Nashville.
The...
10.17.2024
US animal proteins market steady on October 17
US animal protein prices were steady on Thursday October 17, with market participants indicating a slow day for trading.
September USDA Feed Outlook
Grain consuming animal units (GCAUs)...