Platts launches New Mexico Clean Transportation Fuel Program Credit assessments, Aug. 3

Platts, part of S&P Global Energy, has launched daily price assessments for New Mexico Clean Transportation Fuel Program (CTFP) credits, effective Aug. 3, 2026.

Platts has launched 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 has launched 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 following quarter on the first publishing day after the 14th of the last month of the quarter.

For example, the Front Quarter assessment on Sept. 14 would represent Q4 2026 and would roll to Q1 2027 on Sept. 15.

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

Details of the new assessments can be found below:

The New Mexico CTFP credit assessments are published as an outright price, reflect a daily 13:30 CST market close, and follow the Platts US publishing schedule.

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

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

Platts issued a proposal note about this change on June 15 and a decision note on July 6.

The methodology and specifications for Platts' existing US and Canada clean fuel program credit assessments are available 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.