Clean gas projects have the ability to generate a number of different and often complementary environmental attributes including carbon offset credits, renewable energy certificates (RECs), renewable identification numbers (RINs) and Low Carbon Fuel Standard (LCFS) credits. Camco has the track-record and infrastructure to assist its partners and clients to generate these attributes, understand their value and to sell them into what are often illiquid, niche markets.
Camco is a leading supplier of offset credits to the U.S. market. We have generated and sold over 1 million offsets in the U.S. market. Camco has the ability to assess and realize economic value in the form of offset credits from emissions reductions generated by certain clean gas projects. We can evaluate a projects potential to generate offset credits at an early stage of design and development and the most likely route to market and end value for those offsets. Camco’s renewable and environmental markets team can help clean gas projects realize significant additional revenue streams from the generation of carbon offset credits.
RECs can be generated from the production of power from an on-site renewable energy resource or from the destruction of renewable gas at a generation facility off-site. There are a large number of different, some-time overlapping markets for RECs in the U.S. These can differ significantly in terms of how RECs are generated and accounted for, supply, demand and price and project eligibility. Camco understands the different REC programs and has experience of selling RECs from biogas power projects into national and state specific markets and we can assist developers and project owners in placing RECs with buyers or into markets that will generate the most value.
Renewable fuel credits represent the production of specific renewable fuels under either federal (EPA RFS2) or state-level (CA LCFS) programs. Both programs are designed to increase the use of renewable fuels, with greenhouse gas intensities that are lower than conventional gasoline and diesel, within the U.S. transportation fuel economy. Regulated parties such as fossil fuel refiners and blenders are required to surrender evidence of the blending/distribution of conventional and cellulosic ethanol, biodiesel, renewable natural gas and other fuels into the marketplace. Credit under the RFS2 program is created at the point of renewable fuel production in the form of a RIN for every gallon of qualified fuel produced. RINs can be surrendered for compliance or traded. Credit under the CA LCFS program is created at the end of the compliance period if the GHG intensity of a regulated party’s fuel pool is less than the level mandated by the state. LCFS credit represents an excess of GHG savings and can be traded to other parties for use in complying.
Camco understands the renewable fuel program space and we are able to navigate both the RFS2 and CA LCFS programs by qualifying unique fuel pathways for approval. During project development Camco is able to analyze fuel pathways and assess how low-carbon attributes embedded in cleaner transportation fuel can impact credit value. To realize revenue from these credits we have commercial relationships with organizations who need them to meet their state and federal requirements.
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