California’s LCFS  – February credit volume increases 17%, average credit price continues to bottom out

The average credit price fell to $24 while the range the credit traded throughout the month expanded to $20 to $29 (ton CO2e). February EMTS numbers were also recently released, showing strong ethanol production but below average biodiesel/renewable diesel production for this time of year. Strong ethanol production may be keeping a lid on the upside for LCFS…