EU Biodiesel Group Calls For Dumping Probe Of U.S.

Law360, New York (April 25, 2008, 12:00 AM EDT) -- European biodiesel makers on Friday asked the European Union to impose punitive duties on U.S. biodiesel imports, accusing its rivals across the ocean of being unfairly subsidized.

The European Biodiesel Board said that the market was being flooded with U.S. exports of B99, a blend of 1% diesel and 99% biodiesel, which was in turn squeezing European producers' profit margins, causing them to go bankrupt and leaving capacity idle.

Biodiesel is a form of non-petroleum-based diesel fuel usually made with vegetable oils or animal fats. B99...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.