Washington CFS Credit Suppliers
Targray is a leading supplier of Washington CFS credits for Washington’s Clean Fuel Standard (CFS), a regulatory program designed to cut greenhouse gas emissions from the transportation sector by requiring fuel suppliers to reduce the carbon intensity of transportation fuels. The CFS’s aim is to drive adoption of lower-carbon fuels (e.g. renewable diesel, biodiesel, RNG, electricity) by giving market incentives to reduce carbon intensity over time.
Washington CFS Program Overview
Under the Washington CFS program, fuels with a carbon intensity below the annual standard generate credits, and fuels with CI above the standard create deficits, which regulated parties must offset by purchasing credits. Credits are tradable, bankable, or usable to meet compliance obligations. The program is administered via the Washington Fuels Reporting System (WFRS).
Washington CFS Credit Generation and Trading
Pathway and CI Assignment
Entities (fuel producers, importers, or low-carbon fuel providers) submit fuel pathway applications, which assign a carbon intensity score to a given fuel or technology.
Reporting and Registration
Participants must register in WFRS, report fuel volumes and GHG emissions data regularly (quarterly/annual).
Credit and Deficit Calculation
If a fuel’s CI is lower than the standard, credits accrue (proportional to volumes × CI difference). If CI is higher, deficits occur.
Trading and Settlement
Credits may be sold or used to offset deficits. The market allows parties who have excess credits to sell them to those needing to comply. Credits generally do not expire, giving flexibility in timing of use or sale.
Market Dynamics
-
Washington’s CFS is still relatively new; credit pricing and liquidity may be less mature than in more established markets (e.g., California).
-
Oversupply or low demand can put downward pressure on credit prices.
-
Proposed regulatory changes could impose limits on certain crediting types (e.g. “avoided methane” offsets in RNG projects) — these should be monitored.
-
The reduction targets tighten over time, increasing stringency of CI standards.
How Targray Supports You in Washington CFS Credits
CFS Registration and Compliance Setup
We assist in registration in WFRS, pathway application, fuel CI modeling, and setting up reporting systems.
Low-Carbon Fuel Supply and Blending
We can supply or blend fuels (e.g. biodiesel, renewable diesel, RNG) with low CI to help generate credits.
Credit Monetization and Trading
We act as a trader and market maker in credit markets — selling or hedging credits to meet client financial goals.
Advisory and Regulatory Strategy
Our experts monitor Washington CFS regulatory developments (e.g. changes in offset rules) and advise clients on risks & opportunities.
Contact Our Environmental Commodities Team
Targray is committed to supporting decarbonization in Washington State through credible, compliant carbon credit solutions. Because we are already active in Washington for renewable fuels (via a biodiesel terminal in Spokane), we can leverage local infrastructure to reduce costs, improve reliability, and fulfill CFS obligations more effectively. Contact our Environmental Commodities team today to learn more about sourcing or supplying Washington CFS credits through Targray.
Related Pages
Carbon Credits
Carbon credits are created by governments capping the amount of CO2 an entity may emit, and allocating a quantity of credits to entities covered in a regulated jurisdiction or policy regime.
Carbon Markets
Global carbon markets are broken down into two major market types; voluntary carbon markets (also known as VCMs) and compliance carbon markets, which vary by jurisdiction.
Carbon Pricing
A carbon price typically appears as a carbon tax or in emissions trading, with the main policy instrument being an Emissions Trading System (ETS), also known as Cap-and-Trade (CAT) program.
Environmental Commodities
Learn more about our carbon credit, carbon offset and renewable energy certificate (REC) programs & solutions for compliance and voluntary carbon markets around the world.
Carbon Offsets
A carbon offset is a transferrable credit certified by governments or certifying bodies to represent an emission reduction of one metric tonne of CO2, or an equivalent amount of other GHGs.