CFP 3Q2020: Net deficit of 60,000 MT as RD use and credits decline by more than 93%
In this quarterly edition…
- Net deficit of 60,000 MT for 3Q2020, reducing 2020 net credits to 4,000 MT through 3Q.
- Gasoline demand recovers to pre-pandemic levels making gas pool 84,000 MT net deficit.
- Renewable diesel use and credits decline by more than 93%.
LCFS 3Q2020: Ethanol CI declines; Credits from RNG, Low-CI Electricity, and AJF grow + Credit Bank Distribution Analysis
In this quarterly edition…
- Credit Bank: Surprising net credit of nearly 116,000 MT for 3Q2020
- Volume Trends: Transportation fuel volumes were up 13% from 2Q2020 but were still down 11.3% from 3Q2019.
- Analysis 1: Credit Bank Distribution Analysis
- Analysis 2: Ethanol CI declines; Credits from RNG, Low-CI Electricity, and AJF grow
CFP 2Q2020: Net Credit of 21,000 MT, Credit Prices Recover from Pandemic Dip
In this quarterly edition…
- Net credit of 21,000 MT for 2Q2020, less than half the credit excess for 1Q2020.
- Net deficit in gasoline pool is more than offset by net credit in diesel pool.
- CFP credit prices recover from initial pandemic dip, stable in the $125 to $130/MT range.
LCFS 2Q2020: COVID-19 impacts gasoline-related fuels, small impact to diesel pool + Dairy digester and animal waste gas surge ahead
In this quarterly edition…
- Credit Bank: Net deficit of 124,067 MT for 2Q2020, significantly smaller than 1Q2020 net deficit.
- Volume Trends: Transportation fuels volumes were down 19.1% vs. 1Q2020 and 28.4% vs. 2Q2019 due to COVID-19.
- Analysis 1: COVID-19 impacts gasoline-related fuels, small impact to diesel pool
- Analysis 2: Dairy digester and animal waste gas surge ahead
CFP 1Q2020: Excess of nearly 45,000 MT added to the credit bank for first quarter even as CI benchmark tightens
In this quarterly edition…
- Excess of nearly 45,000 MT added to the credit bank for 1Q2020.
- Alternate and renewable fuels reach 10% of transport energy fuel energy.
- CFP credit prices follow market fundamentals.
LCFS 1Q2020: CARB Amps up Electricity Reporting + The Effects of the Marathon Martinez Shut Down
In this quarterly edition…
- Credit Bank: Net deficit of 458,562 MT for 1Q2020, comparable to 1Q2019 net deficit.
- Volume Trends: Transportation fuels volumes were down 12% vs. 4Q2019 and 5% vs. 1Q2019. Is this due to COVID-19?
- Data Analysis: CARB Amps Up Electricity Reporting
- News Analysis: Effects of the Marathon Martinez Shut Down
The Stillwater LCFS Quarterly Newsletter presents our analysis of the credit and deficit data from the LCFS Reporting Tool and Credit Bank & Transfer System (LRT-CBTS). The LRT-CBTS is the repository of the LCFS transaction and credit/deficit data input by Regulated Parties (RP). The California Air Resources Board (CARB) uses this data to publish its LRT Quarterly Summary. Analysis of the data provides insight into the trends of credit and deficit generation, the trends in low carbon intensity (CI) fuel use, and potential future trends.