Biodiesel import flood could drown European market, producers body says

  • 📰 ReutersScience
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

A flood of potentially 'dubious' biodiesel imports into Europe from China needs to be subject to closer EU vetting or it could trigger the collapse of the European Union's biofuels industry, top producer body EWABA said on Wednesday.

LONDON, June 1 - A flood of potentially "dubious" biodiesel imports into Europe from China needs to be subject to closer EU vetting or it could trigger the collapse of the European Union's biofuels industry, top producer body EWABA said on Wednesday.

The EU has provided incentives for the production of biodiesel made with waste oils and fat as part of its efforts to increase renewable energy use. European vegetable oil industry group FEDIOL last week cited an abnormal rise in imports of biodiesel classified as waste-based as a reason for plummeting rapeseed prices.

EWABA said the EU-backed inspection mechanism has not sufficiently checked imports and traders say spot audits in China are insufficient to ensure less sustainable materials, notably palm oil, are not used to make biofuel.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 559. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines