26 November 2013 16:01 [Source: ICIS news]
LONDON (ICIS)--The European Biodiesel Board (EBB) said on Tuesday it welcomed news of the European Commission’s publication of definitive anti-dumping duties (ADDs) on biodiesel imports from Argentina and Indonesia.
“It is our greatest satisfaction to see the positive conclusion of a process initiated by the EBB more than 12 months ago, involving considerable time and resources for the defence of our endangered industry, its jobs and its contribution to sustainable green transport in Europe,” said Raffaello Garofalo, Secretary General of the EBB.
The EBB said the new EU Regulation 1194/2013 imposing ADDs on biodiesel from Argentina and Indonesia will come into effect as of midnight and will be in place for five years.
Duties of €216.64-245.67/tonne ($293-332/tonne) have been applied to product from Argentina, while duties of €76.94-178.85/tonne have been introduced to biodiesel from Indonesia.
“For many years, EU biodiesel producers have committed significant efforts to build a modern and worldwide leading production capacity. But these efforts have been ruined by unfair competition, preventing the EU from unleashing this major industrial potential.
"The level of the duties published today should be high enough to provide our industry with the possibility to exploit its full potential and further contribute to EU green and sustainable transport,” the EBB said.
($1 = €0.74)
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