EU orders penalty import duties of $0.86-$1.36 per gallon on US biodiesel; in effect March 13

The European Union followed through on complaints over US “dumping” of subsidized biodiesel by mandating counter-subsidy duties on biodiesel imported from US ports, according to reports.

Reuters is reporting that duties have been assessed on a company-by-company basis and include: ArcherDaniels Midland, 86 cents per gallon; Cargill, 90 cents; Imperium Renewables, 96 cents; Green Earth Energy Fuels, 93 cents; World Energy Alternatives, 96 cents; Peter Cremer North America and remaining biodiesel producers will pay $1.36 per gallon.

The US blender credit for biodiesel is $0.01 per gallon for every percentage point of biodiesel content in fuel, e.g. B99 receives a $0.99 blender’s credit. The duties will take effect March 13th and remain in place for six months.

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