Avril sees higher fossil diesel prices supporting biodiesel prices

In France, Avril said biodiesel prices are likely to improve following higher fossil diesel prices which allowed it to keep two of its five biodiesel plants to continue operating, rather than shut down all of them as had been expected when prices were too low. As a result, it expects to produce similar amounts of fuel this year as last year, as long as oil prices stay above $50 per barrel. The European Commission’s proposals to cap first generation biofuels to 3.8% by 2030 concerns the company however about its future viability.