Recent growth in renewable fuel sales has been largely concentrated in California, where producers can layer the value of federal renewable identification numbers (RINs) on top of lucrative California LCFS credits, which have averaged $200/metric tonne this year for spot delivery.The California experience has provided a model for other jurisdictions interested in mandating use of less carbon-intensive fuels such as renewable diesel, biodiesel, ethanol and renewable natural gas.
Renewable fuel producers are closely watching the development of Canada`s Clean Fuel Standard, because it could lead to a significant increase in biofuel blending over the next decade. The program, which will cover fuels such as gasoline, diesel and fuel oil, is scheduled to be rolled out in 2022. The environment ministry recently issued its proposed regulations, and next year will be devoted to finalizing the program`s elements. US renewable diesel producers view Canada as a new target market for their fuel...
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- - Volume: 9 - WEEK: 2 Date: 1/4/2021 11:55:38 AM -