In September 2023 the California Air Resources Board (CARB) released the Standardized Regulatory Impact Assessment (SRIA) aimed at changing the LCFS compliance curve. Current compliance calls for a 20% reduction from a 2010 baseline in the carbon intensity of transportation fuel by 2030. The proposed amendments would increase compliance to a 30% reduction by 2030 with additional step downs leading to a 90% reduction by 2045. The proposed amendments could lead to an additional 558 million credits needed to meet compliance. Under the SRIA, LCFS credit prices are expected to range between $120 to $180.
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11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
11.22.2024
Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
11.22.2024
Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...