California sees mixed biofuel reviews as policy changes take hold
California sees mixed biofuel reviews as policy changes take hold
Renewable diesel producers are getting a potential boost in California after years of grappling with a massive glut in the country’s largest low-carbon fuel market.
California regulators late last week posted the first quarterly drawdown since early 2021 in the bank of credits used to incentivize and track compliance of the state's Low Carbon Fuel Standard (LCFS).
That pushed credit prices higher, good news for biofuel producers dealing with a multi-year oversupply of product that sent prices pl
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