Bio Diesel EU Duty Plans
nWe have to draw a distinction between what constitutes BIO-DIESEL:
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- Derived from arable crops [In my opinion ‘Bad’ Bio-Diesel]
- Derived from food/farming wastes [Good]
- Derived from Algae [from industrial wastes] [Best]
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nIt would appear the the EU is getting very touchy about the first category, and has plans to ‘certify’ bio-diesel by it’s source. The following article is from physorg.
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nThe EU plans to impose stiff taxes on Argentinian and Indonesian biodiesel imports for alleged trade dumping, industry players said on Friday.
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nAccording to Argentinian companies the Commission will seek to apply a permanent duty of 22 to 25 percent on Argentinian biodiesel from the beginning of 2014.
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nIn May, the European Commission imposed temporary import duties on biodiesel imports from Argentina and Indonesia, saying they were being dumped below cost on the European market.
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nThe 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.n
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| Tanks of biodiesel (L) and soy oil in Argentina on September 4, 2013 |
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nThe Commission declined to confirm the figures.
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nIt 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.
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nEuropean 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”.
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nThe EU accounts for 90 percent of Argentinian biodiesel exports.
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nArgentina 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.
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nTrouble 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.
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