05.20.2024
Strong feed demand boosts choice white grease market
Choice white grease (CWG) prices rose on Monday May 20, supported by the market expectation of tighter supply heading into the long holiday weekend in the US and on...
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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