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...
*Please Note – Bob Lane will be out of the office through Friday, January 5, 2024, returning on Monday, January 8. In his absence, please contact Amanda Luhavalja at 845-741-3873, or [email protected].*
During the week ending December 31, 2023, total low carbon fuel standard (LCFS) credit volumes declined but prices headed higher, data from the California Air Resources Board (CARB) on January 3 showed.
Total LCFS credit volume was 1,989,057 contracts, down four percent on the week. Credit prices advanced, however, during the period, rising $2.42, or 3.3 percent, on the week to an average of $75.11. The average price of a spot trade rose $0.57 to $70.00. For the most part, spot LCFS prices have trended below contracted trades earlier in the summer and into the fall.
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