EU Starts Monitoring Bioethanol to Prevent Import Surge

Brazil, Business News/Analysis, China, Colombia, European Union (EU), France, Marketing/Markets and Sales, Opinions, Peru, Policy

November 5, 2020

Print This Article Share it With Friends

by Philip Blenkinsop (Reuters) The European Union has begun monitoring incoming renewable ethanol used for fuel to see if measures are needed to prevent a surge of imports from U.S. and other producers, the EU official journal said on Wednesday.

The surveillance system, designed to provide information more rapidly than official statistics, will be in place for a year. It means imports need to be accompanied by a surveillance report.

EU demand, as elsewhere, collapsed due to the COVID-19 pandemic and any diversion of excess stocks in producing countries to the European Union could stifle a recovery for EU producers.

…

Some 84% of world production is in the United States and Brazil. Slight overcapacity in the United States has prompted countries including Brazil, China, Peru and Colombia to adopt measures to limit imports. READ MORE

EU Eyes Ethanol Restrictions In Scrutiny Of Surging Imports (Law360)

With Europe’s renewable ethanol industry facing threat of import surge, EU takes action (ePURE)

ePURE welcomes EU action on third country imports (Biofuels International)

Comments are closed.

Advanced BioFuels USA