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 increased slightly during the week ending February 4, as prices moved higher. Volume is expected to decline into February and rise moving into the quarterly close at the end of March.
LCFS transaction volume totaled 1.09 million contracts during the period under review, up from 1.05 million contracts the week prior, or almost four percent from the week prior. The average price paid per credit rose $3.01 to $68.36 each, after slumping the week prior to the lowest recorded level since May 2016 when CARB began disseminating the information. The average price of a spot market trade moved up $1.07 to $61.29 each.
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