In Washington, the National Biodiesel Board (NBB) welcomed the release of a new report, “The Economic Benefits of the Biodiesel Blenders’ Credit,” from Capital Policy Analytics. The report calculates annual economic benefits of $15 billion and environmental benefits of $4.3 billion from U.S. biodiesel production. In 2020, the U.S. market for biodiesel and renewable diesel […]
In China, Bloomberg reports that additional tariffs on US biodiesel imports are among the latest retaliation measures in the ongoing US-China trade war. Even though China imports very little biodiesel from the US, it will still increase the tariff to 25% from the current 10%. China also lobbed a 25% import duty on US-origin soybeans […]
In Argentina, the US government has offered to resume biodiesel imports in exchange for the country’s quicker approval of seeds developed by American companies. A law was proposed in the Argentine legislature last year that would speed up the regulatory approval process while also allowing for fines to be lobbed against farmers who store seeds […]
In Canada, the canola industry believes that an extra 200 million to 400 million pounds of canola oil demand could result from the US renewing the biodiesel blenders credit but only applying it to domestic biodiesel production. The US industry could import oil from their Canadian neighbors and still qualify for the credit, so the […]
In California, the US biodiesel industry continues to be drowned out by steadily growing imports from Singapore, Argentina and South Korea despite a huge soy crop that has feedstock low enough to make production competitive and bring back the 1.5 billion gallons of installed capacity that have been idled. Last year, 31% of the 1.73 […]
In Belgium, the European Commission has extended anti-dumping duties against US biodiesel producers, including ADM and Cargill, through 2020. The duties were brought in back in 2009 in retaliation for what Europe saw as unfair subsidies in the $1 per gallon producer credit. The EU felt that there was still a risk of harm to […]
