EU plans stiff duties on biodiesel

Oct 04, 2013
Tanks of biodiesel (L) and soy oil in Argentina on September 4, 2013

The EU plans to impose stiff taxes on Argentinian and Indonesian biodiesel imports for alleged trade dumping, industry players said on Friday.

According to Argentinian companies the Commission will seek to apply a permanent duty of 22 to 25 percent on Argentinian from the beginning of 2014.

In May, the European Commission imposed temporary duties on biodiesel imports from Argentina and Indonesia, saying they were being dumped below cost on the European market.

The European Biodiesel Board, which represents most European companies active in the sector, said the proposed permanent duties would mean a tax of 215 to 250 euros ($292-340) per tonne on Argentinian biodiesel imports and 120 to 180 euros on Indonesian biodiesel.

The Commission declined to confirm the figures.

It said concerned parties had two more weeks to make comments before the proposals are submitted to EU member states, which should decide by November 28 on the duties.

European companies have welcomed the efforts to protect their sector, but Argentinian producers said in a statement Friday the duties "will be prohibitive ... and close the doors to the European market".

The EU accounts for 90 percent of Argentinian biodiesel exports.

Argentina is the world's top biodiesel producer, making 2.5 million tonnes worth $1.8 billion in 2012. Some 1.6 million tonnes were exported.

Trouble for the Argentinian biodiesel sector began in 2012 when Spain put in place measures to limit imports after the Argentinian government nationalised a stake of YPF oil company owned by Spanish oil giant Repsol.

Explore further: EU farmers want S.Africa fruit imports suspended due to disease

add to favorites email to friend print save as pdf

Related Stories

Team develops device to detect biodiesel contamination

Sep 05, 2013

In 2010, a Cathay Pacific Airways plane was arriving in Hong Kong when the engine control thrusts seized up and it was forced to make a hard landing—injuring dozens. The potential culprit? Contaminated fuel.

Alligator fat could be used to make biodiesel

Aug 18, 2011

(PhysOrg.com) -- In addition to being a novelty food, alligators could also provide a feedstock for biodiesel. Every year, the alligator meat industry disposes of about 15 million pounds of alligator fat in ...

Recommended for you

Cool roofs in China can save energy and reduce emissions

13 hours ago

(Phys.org) —Working with Chinese researchers, the Department of Energy's Lawrence Berkeley National Laboratory (Berkeley Lab) has conducted the first comprehensive study of cool roofs in China and concluded ...

Indonesia passes law to tap volcano power

Aug 26, 2014

The Indonesian parliament on Tuesday passed a long-awaited law to bolster the geothermal energy industry and tap the power of the vast archipelago's scores of volcanoes.

Expert calls for nuke plant closure (Update)

Aug 25, 2014

A senior federal nuclear expert is urging regulators to shut down California's last operating nuclear plant until they can determine whether the facility's twin reactors can withstand powerful shaking from ...

User comments : 0