Suspicious China Frying Oil Is Hurting US Biofuels Business

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Bloomberg,US International Trade Commission,Renewable Diesel

(Bloomberg) -- China is flooding the US with used cooking oil that the biofuel industry says may be tainted, hurting American farmers and President Joe...

-- China is flooding the US with used cooking oil that the biofuel industry says may be tainted, hurting American farmers and President Joe Biden’s push to promote climate-friendly energy.US imports of used cooking oil, an ingredient to make renewable diesel, more than tripled in 2023 from a year earlier, with more than 50% coming from China, according to the US International Trade Commission.

“We are concerned that unless EPA and other agencies get a handle on this pretty quickly, it could potentially undermine the integrity of the Renewable Fuel Standard,” Geoff Cooper, chief executive officer of Renewable Fuels Association, said in an interview. The surge in UCO imports is also a top issue for NOPA, the trade group representing US seed processing industries for soybeans, canola and other crops. CEO Kailee Tkacz Buller said the group has had talks with federal lawmakers and agencies including the EPA and US Department of Agriculture.

-- China is likely using data from hacks of UK government institutions to build profiles of British military personnel and people in other sensitive roles as Beijing expands espionage against the US and its allies, government officials and cyber experts said.Most Read from BloombergIsrael Says a Cease-Fire Plan Backed by Hamas Falls ShortTrump Judge Indefinitely Postpones Documents Case TrialApple Revamps iPads With AI-Focused Pro Model, Bigger AirEinhorn Says Markets Are ‘Broken.

 

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Suspicious Frying Oil From China Is Hurting US Biofuels BusinessChina is flooding the US with used cooking oil that the biofuel industry says may be tainted, hurting American farmers and President Joe Biden’s push to promote climate-friendly energy.
Source: BNNBloomberg - 🏆 83. / 50 Read more »