Market Briefs 8 21 2024

California may cap renewable diesel credits

Proposal would limit credits to 20% of fuel made from soybean or canola oil.

The California Air Resources Board (CARB) last week proposed a cap on the amount of renewable diesel made from soybean or canola oil that would qualify for the state's low carbon fuel standard (LCFS), Agri-Pulse reported.

Under the proposal, beginning in 2028, companies would be eligible for LCFS credits for no more than 20% of their biomass-based diesel that comes from soybean or canola oil. Proposed revisions to the existing rules also would require...