Identifying Winners in Low-Carbon Fuels

Emissions reduction goals are setting in motion a paradigm shift in the alternative fuels industry and driving the emergence of low-carbon fuels. No longer will the alternative fuels industry be about sheer volumes and blending mandates. There will be no single preferred feedstock, conversion process, or final fuel product. Instead, well-to-wheel analysis will drive technology agnostic regulations and policies as they are formed from the perspective of the fuel's carbon intensity. In this report, we examine 470 fuel pathways in California Air Resources Board's (CARB) Low-Carbon Fuel Standard (LCFS) to identify key trends, process improvements, technology developments, and opportunities in low-carbon fuels.