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.
CFP 4Q2019: Data Analysis
In this quarterly edition…
- Excess of nearly 74,000 MT added to the credit bank for 4
- Renewable diesel volume down by 50% from record 3Q2019 levels.
- Ethanol, biodiesel, and renewable diesel carbon intensities at record lows.
LCFS 4Q2019: An LCFS Scenario for 2020
In this quarterly edition…
- Net credit of 160,296 MT for 4Q2019.
- All low-CI fuels show substantial growth in 2019.
- Stillwater’s 2020 LCFS Credit Balance Scenario: COVID’s effects on demand.
CFP 3Q2019: Renewable diesel blending increases to 25 times 2Q2019 levels & Renewable energy use increases significantly for the first time
In this quarterly edition…
- Record excess of over 120,000 MT in the credit bank for 3
- Renewable diesel blending increases to 25 times 2Q2019 levels.
- Renewable energy use increases significantly for the first time.
LCFS 3Q2019: Ethanol, Electricity and RNG Credits Rise, CARBOB Deficits and RD Credits Decline
In this quarterly edition…
- Net deficit of 149,000 MT for 3Q2019.
- RD credit generation declines, Ethanol and RNG credit generation rises.
- New credit generation continues following 2018 Amendments’ implementation.