New biodiesel trade flow could open from Europe to the US, if…

In Texas, with biodiesel imports from Argentina and Indonesia on ice thanks to anti-dumping tariffs that made trade nearly impossible, the opportunity for arbitrage with Europe could potentially open up. The new trade flow would require Europe to keep its anti-dumping duties on Argentina in place, however, and the decision to lift those have been going back and forth since July. With typically better performing GHG emissions reductions than Indonesia and Argentina, European producers could even command a premium in the US market. If the biodiesel blenders credit is reinstated as a producers credit, the policy shift could also dampen interest to export across the Atlantic.