Argentina Biodiesel Producers Fear Losing Access to U.S. Market
by Maximilian Heath (Reuters) Argentina’s biodiesel producers fear losing access to the United States, the destination of nearly all their exports, after Donald Trump’s surprise victory in presidential elections earlier this month, representatives of the sector said.
The Republican candidate, who is skeptical of climate change and has advocated scrapping or renegotiating trade deals, has raised alarms in a sector already reeling from a series of setbacks in international trade in recent years.
Argentina is one of the world’s largest biodiesel exporters, and is home to processing plants belonging to multinational producers like Cargill Inc and Bunge Ltd.
Argentine exports to the United States grew substantially after 2015, when the EPA made it easier for Argentine biofuel to qualify for the RFS.
That filled a vacuum that had been left when the European Union (EU), then the South American country’s largest export market, slapped anti-dumping tariffs on Argentine biodiesel in 2013.
But Trump’s promises to slap tariffs on imports and renegotiate trade deals have worried the Argentine sector, which would send more than 90 percent of its 1.5 million tonnes of biodiesel exports to the United States, according to Molina (Claudio Molina, executive director of the Argentine Biofuel Association). READ MORE and MORE (Reuters)