US: New Mexico unveils clean fuels program including bio-LPG production
The New Mexico Environment Department (NMED) announced it has proposed a Clean Transportation Fuel Program to the state's Environmental Improvement Board (EIB). If approved, New Mexico would become the fourth state in the nation with a clean transportation fuel standard, following Gov. Michelle Lujan Grisham’s signing of House Bill 41 in March 2024.
The program aims to attract investment in emerging industries like renewable Liquid Gas, as well as create new economic opportunities in the USD 3 billion alternative fuels market, and strengthen and diversify New Mexico’s economy.
This innovative market-based program would allow producers, importers, and dispensers of low-carbon fuels to generate and sell credits to those producing high-carbon fuels.
“Under Gov. Michelle Lujan Grisham’s leadership, New Mexico is diversifying its economy while addressing climate emissions — proving once again you don’t have choose between the two,” said Environment Secretary James Kenney.
NMED developed the proposal after extensive public input, including approximately 90 responses to a discussion draft published in December 2024. The department also met with industry representatives, environmental advocates, and tribal governments.
Source: NMED
Photo: Unsplash
