The European Union biodiesel industry said it suspects U.S. competitors are exporting a new blend to Europe to avoid EU tariffs that halted traditional shipments worth $1 billion a year.
The European Biodiesel Board said U.S. exporters of the biofuel, made from vegetable oils and animal fats for use in diesel engines, may have started shipping a blend not covered by the duties. The EU, the world’s biggest biodiesel market, imposed provisional levies in March and five-year measures in July to counter U.S. subsidies and price undercutting.
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