US renewable diesel production is rising
California LCFS market braced for stricter targets
Low Carbon Fuel Standard credit prices bottoming out despite continued surge in renewable diesel supply
The boom in renewable diesel supply to California is set to continue, but prices under the state’s Low Carbon Fuel Standard (LCFS) may have already bottomed out as the market braces for stricter targets. The LCFS sets limits to the carbon intensity of transport emissions and awards tradable credits for suppliers who reduce emissions from a certain baseline. Prices are around $75/t, said Adam Schubert, senior associate at consultancy Stillwater Associates. They remain well below the levels seen in 2020, when monthly prices consistently averaged around $200/t, but they have bounced back from a low of $60/t in February 2023. “We forecast [renewable diesel] demand to increase and assume th
Also in this section
14 January 2025
Bioenergy will be a key part of the energy transition as the world decarbonises, and Brazil is set to be a major player in the sector
14 January 2025
The region has ample resources of both gas and renewable energy and developing both will be vital to the global effort to reduce emissions
13 January 2025
The region’s fast-growing economies stand at a pivotal juncture, with the opportunity to drive a sustainable growth strategy that will keep the world’s net-zero ambitions alive
10 January 2025
Global energy demand keeps rising, and digital technology will play a crucial role in both meeting that demand and doing so in a sustainable way
