Post by account_disabled on Feb 27, 2024 1:50:17 GMT -5
California also released its latest progress report on LCFS implementation in March showing growth in low carbon fuel deliveries to the state. Credits from the cleanest biofuels have grown by 300% in just nine months, and the data shows that regulated companies have over-complied with the standard by 45% — that’s more than a million tons over the past two years.
Reports have also begun surfacing that major deals for bulk volumes of low carbon fuels are on the horizon. For example, Neste Oil submitted a letter to the California State Senate stating they have already delivered commercial volumes of renewable diesel from tallow (an ultra-low carbon fuel) to California and “expects to deliver approximately a hundred million gallons of NExBTL renewable diesel fuel into California this year.”
In a similar story, San Diego-based Sapphire Energy recently entered into Canada Mobile Database its first commercial agreement for “green crude” (made from algae) sales – an agreement with oil giant Tesoro. According to Sapphire’s president, “This moment is enormously important for the industry as it validates the benefits and advantages of [our] crude, and confirms its place as a market-viable, refiner-ready, renewable crude oil solution.” In a story on Sapphire’s website, the new partnership with Tesoro was described as potentially helping supply clean energy to meet the demand created by new fuel standards, including California’s Low Carbon Fuel Standard.
Implementation of the LCFS is still in the early stages, but in just over two years the standard has started to deliver tangible economic and environmental benefits. The regulation is poised to change a fossil-fuel dependent transportation system that has been developed over the last one hundred years and that costs California drivers almost one hundred billion dollars every year – most of which leaves our state (and nation) the moment it’s spent.
Using Californian ingenuity and the American entrepreneurial engine, we can change the status quo – toward a more sustainable system that doesn’t poison the air and pinch our pocketbooks.
Timothy O’Connor is the Director of Environmental Defense Fund’s California Climate and Energy Initiative in their San Francisco office. Since 2009, Tim has been actively involved in EDF’s work at the state CPUC and CEC on issues related to smart grids planning and technology deployment. Also, since 2006, Tim has engaged state regulatory agencies and the state legislature on the implementation of AB 32 with particular focus on heavy industry and power plant emissions, alternative fuels and vehicles, and compliance instruments in cap-and-trade programs.
Reports have also begun surfacing that major deals for bulk volumes of low carbon fuels are on the horizon. For example, Neste Oil submitted a letter to the California State Senate stating they have already delivered commercial volumes of renewable diesel from tallow (an ultra-low carbon fuel) to California and “expects to deliver approximately a hundred million gallons of NExBTL renewable diesel fuel into California this year.”
In a similar story, San Diego-based Sapphire Energy recently entered into Canada Mobile Database its first commercial agreement for “green crude” (made from algae) sales – an agreement with oil giant Tesoro. According to Sapphire’s president, “This moment is enormously important for the industry as it validates the benefits and advantages of [our] crude, and confirms its place as a market-viable, refiner-ready, renewable crude oil solution.” In a story on Sapphire’s website, the new partnership with Tesoro was described as potentially helping supply clean energy to meet the demand created by new fuel standards, including California’s Low Carbon Fuel Standard.
Implementation of the LCFS is still in the early stages, but in just over two years the standard has started to deliver tangible economic and environmental benefits. The regulation is poised to change a fossil-fuel dependent transportation system that has been developed over the last one hundred years and that costs California drivers almost one hundred billion dollars every year – most of which leaves our state (and nation) the moment it’s spent.
Using Californian ingenuity and the American entrepreneurial engine, we can change the status quo – toward a more sustainable system that doesn’t poison the air and pinch our pocketbooks.
Timothy O’Connor is the Director of Environmental Defense Fund’s California Climate and Energy Initiative in their San Francisco office. Since 2009, Tim has been actively involved in EDF’s work at the state CPUC and CEC on issues related to smart grids planning and technology deployment. Also, since 2006, Tim has engaged state regulatory agencies and the state legislature on the implementation of AB 32 with particular focus on heavy industry and power plant emissions, alternative fuels and vehicles, and compliance instruments in cap-and-trade programs.