US ethanol exports to Europe seen limited despite removal of anti-dumping tariff

In Belgium, Platts reports that although the European Union lifted the EUR62.30/ton tariff on US ethanol, bringing to an end several years of anti-dumping tariffs, a significant increase of US-origin ethanol imports isn’t expected due to the Renewable Energy Directive’s requirement that biofuels be certified sustainable with no less than 50% greenhouse gas emissions reductions. Other barriers to imports include low European prices that keep the arbitrage window typically closed or narrow, despite the US’s low ethanol prices.