EU Slaps Anti-Subsidy Biodiesel Tax on US Producers
On March 13, the European Union will impose a counter-subsidy tax on U.S. biodiesel producers for “dumping” biodiesel on the European market.
European producers have been complaining about cheap imported biodiesel for quite a while, and it looks like a key European trade panel finally took action. The tax will be specific to each biodiesel producer:
- ArcherDaniels Midland: 86 cents per gallon;
- Cargill: 90 cents;
- Imperium Renewables: 96 cents;
- Green Earth Energy Fuels: 93 cents;
- World Energy Alternatives: 96 cents;
- Peter Cremer North America and remaining biodiesel producers will pay $1.36 per gallon.
