Platts to launch New Mexico Clean Transportation Fuel Program Credit assessments from Aug. 3

Platts, part of S&P Global Energy, will launch New Mexico Clean Transportation Fuel Program (CTFP) credit daily price assessments, effective Aug. 3, 2026.

Platts will launch these assessments in response to New Mexico's establishment of a statewide CTFP, joining other US states that have implemented clean fuel programs. The assessments are intended to create price transparency in this credit market as the role of biofuels continues to grow in the US.

Platts will launch front-quarter and second-quarter CTFP credits that are to be transferred before the end of the respective quarters.

The daily assessments will roll to reflect the next quarter on the first publishing day after the 14th of the last month of the quarter.

For example, the Front Quarter assessment on June 11 would represent the second quarter and would roll to Q3 on June 15.

The new assessments will reflect a minimum traded volume of 1,000 metric tons of CO2 equivalent.

The New Mexico CTFP credit prices will be published as an outright price in US dollars per metric ton of CO2 equivalent. The assessments will reflect a 1330 Houston time market close and follow the Platts US publishing schedule.

The assessments will consider market information reported to Platts and published throughout the day, including firm bids and offers, trades and indicative values, as well as any other data deemed relevant to the assessment process.

The new assessments will be published in Platts Biofuelscan, Biomass-Based Diesel Report, Weekly Ethanol Report, and on Energy Core. The assessments will be available on the following fixed pages: EV3001, EV3002, and PB0010, 12, 210, 212, 214, and 216.

Platts proposed these assessments on June 15.

The methodology and specifications for Platts existing US and Canada clean fuel program credit assessments can be found here.

Please send all feedback, comments, or questions to platts_biofuels@spglobal.com and pricegroup@spglobal.com.

For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing. Platts will consider all comments received and will make comments not marked as confidential available upon request.