US biofuel imports ignite EU inquiry

The massive increase in biofuel imports to Europe from the United States will become the subject of formal anti-subsidy and anti-dumping investigations tomorrow by the European Commission, The Times has learnt.

Some producers of biodiesel are said to be nearing breaking point trying to compete with cheap imports flooding in from the US and have implored Brussels to carry out their inquiries as quickly as possible to save the European industry.

Part of the problem is said to be controversial “splash and dash” imports originating mainly in Argentina or Malaysia which have a small amount of biological material added in a US port to win subsidies and are then sent over to the EU. ... Read full article