EU finalizes anti US biodiesel dumping duties of up to $2.50 per gallon

In Belgium, the European Union finalized plans to impose anti-dumping duties on US biodiesel. The European Commission proposal was adopted by EC finance ministers and will take effect July 12th. Duties will range from $1.40 to $2.50 per gallon and will last up to five years.

“For more than two years, US biodiesel has been sold in the European market at a substantial discount, at an even lower price than the vegetable oil raw materials purchased by the EU industry for producing biodiesel,” the European Biodiesel Board stated. “Without the definitive measures adopted today, the unfair US exports would have jeopardised the viability of the EU biodiesel industry and its future investments.”

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