{"id":5638,"date":"2021-01-29T16:05:36","date_gmt":"2021-01-30T00:05:36","guid":{"rendered":"http:\/\/probable-carton.flywheelsites.com\/?p=5638"},"modified":"2021-02-02T16:43:10","modified_gmt":"2021-02-03T00:43:10","slug":"flash-report-3q2020-lcfs-data-show-slight-build-in-the-credit-bank","status":"publish","type":"post","link":"https:\/\/stillwaterassociates.com\/flash-report-3q2020-lcfs-data-show-slight-build-in-the-credit-bank\/","title":{"rendered":"Flash Report: 3Q2020 LCFS Data Show Slight Build in the Credit Bank"},"content":{"rendered":"<header class=\"entry-header\">\n<h1 class=\"entry-title\"><span style=\"font-size: 16px;\">January 29, 2021<\/span><\/h1>\n<\/header>\n<div class=\"entry-content\">\n<p>On Friday afternoon, January 29<sup>th<\/sup>, CARB posted the<strong>\u00a0<a href=\"https:\/\/ww2.arb.ca.gov\/sites\/default\/files\/classic\/fuels\/lcfs\/dashboard\/quarterlysummary\/20200129_q3datasummary.pdf\" target=\"_blank\" rel=\"noopener\">third quarter 2020 data<\/a>\u00a0<\/strong>for the LCFS program. The 3Q2020 report gives us insight into the credit bank situation for the six months following COVID-19 stay-at-home orders. In today\u2019s flash report, we offer a quick look at the third-quarter data. Our comprehensive analysis will be published in Stillwater\u2019s Quarterly LCFS Newsletter which will be available to subscribers on February 9<sup>th<\/sup>.<\/p>\n<p>The third-quarter data shows a slight build in the credit bank of 116,000 metric tons (MT) of credits, a reversal from the 2Q2020 drawdown of 131,000 MT and 3Q2019 drawdown of 155,000 MT. With the 3Q2020 net credit, the credit bank ends the third quarter of 2020 at 7.6 million MT.<\/p>\n<p>The table below summarizes the quarter and compares it to the prior quarter and same quarter last year.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-2194\" src=\"https:\/\/www.stillwaterpublications.com\/wp-content\/uploads\/2021\/01\/Screen-Shot-2021-01-29-at-1.53.25-PM.png\" sizes=\"(max-width: 700px) 100vw, 700px\" srcset=\"https:\/\/www.stillwaterpublications.com\/wp-content\/uploads\/2021\/01\/Screen-Shot-2021-01-29-at-1.53.25-PM.png 1344w, https:\/\/www.stillwaterpublications.com\/wp-content\/uploads\/2021\/01\/Screen-Shot-2021-01-29-at-1.53.25-PM-290x300.png 290w, https:\/\/www.stillwaterpublications.com\/wp-content\/uploads\/2021\/01\/Screen-Shot-2021-01-29-at-1.53.25-PM-989x1024.png 989w, https:\/\/www.stillwaterpublications.com\/wp-content\/uploads\/2021\/01\/Screen-Shot-2021-01-29-at-1.53.25-PM-768x795.png 768w\" alt=\"\" width=\"700\" height=\"725\" \/><\/p>\n<p>A quick look at this data shows a few trends of interest. Credits generated from renewable natural gas (RNG) grew nearly 45%. Less than half of this growth was due to additional volume; more than half of the growth in credit generation from RNG was due to improved average CI for the RNG pool. Credits generated from ethanol recovered from an unusually low volume in 2Q2020 as ethanol volumes recovered and the average CI of ethanol decreased from 62.12 gCO<sub>2<\/sub>e\/MJ in the second quarter to 57.77 gCO<sub>2<\/sub>e\/MJ in the third, a record improvement to the CI of ethanol. (We will explore the reasons for this decline in the average CI of ethanol in our full quarterly analysis.) Electricity, renewable diesel, and biodiesel also showed significant credit increases. CARBOB and ULSD deficits increased as volumes recovered from initial pandemic demand destruction in 2Q2020.<\/p>\n<p>We will provide an in-depth analysis of this data in our upcoming quarterly newsletter, published on February 9, 2021.<strong>\u00a0Access to Stillwater\u2019s LCFS Newsletter is only available to subscribers. For more detailed information on LCFS data trends and analysis,<\/strong>\u00a0<strong><a href=\"https:\/\/www.stillwaterpublications.com\/\" target=\"_blank\" rel=\"noopener\">be sure to subscribe<\/a><\/strong>! Your first two weeks are free, so subscribe today to receive our Quarterly Analysis in your trial period.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"January 29, 2021 On Friday afternoon, January 29th, CARB posted the\u00a0third quarter 2020 data\u00a0for the LCFS program. The 3Q2020 report gives us insight into the credit bank situation for the six months following COVID-19 stay-at-home orders. In today\u2019s flash report, we offer a quick look at the third-quarter data. Our comprehensive analysis will be published&#8230;<br> <a class=\"read-more\" href=\"https:\/\/stillwaterassociates.com\/flash-report-3q2020-lcfs-data-show-slight-build-in-the-credit-bank\/\">Read More<\/a>","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[41,5,42],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Flash Report: 3Q2020 LCFS Data Show Slight Build in the Credit Bank - Stillwater Associates<\/title>\n<meta name=\"description\" content=\"A quick look at this data shows a few trends of interest. Credits generated from renewable natural gas (RNG) grew nearly 45%. Less than half of this growth was due to additional volume; more than half of the growth in credit generation from RNG was due to improved average CI for the RNG pool.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/stillwaterassociates.com\/flash-report-3q2020-lcfs-data-show-slight-build-in-the-credit-bank\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Flash Report: 3Q2020 LCFS Data Show Slight Build in the Credit Bank - Stillwater Associates\" \/>\n<meta property=\"og:description\" content=\"A quick look at this data shows a few trends of interest. Credits generated from renewable natural gas (RNG) grew nearly 45%. Less than half of this growth was due to additional volume; more than half of the growth in credit generation from RNG was due to improved average CI for the RNG pool.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/stillwaterassociates.com\/flash-report-3q2020-lcfs-data-show-slight-build-in-the-credit-bank\/\" \/>\n<meta property=\"og:site_name\" content=\"Stillwater Associates\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-30T00:05:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-02-03T00:43:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.stillwaterpublications.com\/wp-content\/uploads\/2021\/01\/Screen-Shot-2021-01-29-at-1.53.25-PM.png\" \/>\n<meta name=\"author\" content=\"Kendra Seymour\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/stillwaterassociates.com\/flash-report-3q2020-lcfs-data-show-slight-build-in-the-credit-bank\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/stillwaterassociates.com\/flash-report-3q2020-lcfs-data-show-slight-build-in-the-credit-bank\/\"},\"author\":{\"name\":\"Kendra Seymour\",\"@id\":\"https:\/\/stillwaterassociates.com\/#\/schema\/person\/b751af5ae86d3f595a12a8940dbef6bf\"},\"headline\":\"Flash Report: 3Q2020 LCFS Data Show Slight Build in the Credit Bank\",\"datePublished\":\"2021-01-30T00:05:36+00:00\",\"dateModified\":\"2021-02-03T00:43:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/stillwaterassociates.com\/flash-report-3q2020-lcfs-data-show-slight-build-in-the-credit-bank\/\"},\"wordCount\":349,\"publisher\":{\"@id\":\"https:\/\/stillwaterassociates.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/stillwaterassociates.com\/flash-report-3q2020-lcfs-data-show-slight-build-in-the-credit-bank\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.stillwaterpublications.com\/wp-content\/uploads\/2021\/01\/Screen-Shot-2021-01-29-at-1.53.25-PM.png\",\"articleSection\":[\"Economics\",\"News\",\"Policy\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/stillwaterassociates.com\/flash-report-3q2020-lcfs-data-show-slight-build-in-the-credit-bank\/\",\"url\":\"https:\/\/stillwaterassociates.com\/flash-report-3q2020-lcfs-data-show-slight-build-in-the-credit-bank\/\",\"name\":\"Flash Report: 3Q2020 LCFS Data Show Slight Build in the Credit Bank - Stillwater Associates\",\"isPartOf\":{\"@id\":\"https:\/\/stillwaterassociates.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/stillwaterassociates.com\/flash-report-3q2020-lcfs-data-show-slight-build-in-the-credit-bank\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/stillwaterassociates.com\/flash-report-3q2020-lcfs-data-show-slight-build-in-the-credit-bank\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.stillwaterpublications.com\/wp-content\/uploads\/2021\/01\/Screen-Shot-2021-01-29-at-1.53.25-PM.png\",\"datePublished\":\"2021-01-30T00:05:36+00:00\",\"dateModified\":\"2021-02-03T00:43:10+00:00\",\"description\":\"A quick look at this data shows a few trends of interest. 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