Avril’s profit bounces back after strong 2018 for biodiesel

In France, Reuters reports that Avril’s full-year 2018 results improved significantly with a 26% increase in profit on the back of stronger biodiesel thanks to European policy that restricted the import of Argentine biodiesel and confirmation that 7% crop-based biofuel will be allowed to continue in the EU market through 2030. The company went from 56 million euros of losses in 2017 to 16 million euros in profit the following year. Having a ready biodiesel market help improved the efficiencies of its oilseed processing business, the company said.