In China, Reuters reports that biodiesel producers are scrambling to find new markets outside the European Union as the trade block is expected to lob hefty duties of 12.8% and 36.4% on more than 40 Chinese producers. Eyes are on Asia to absorb the surplus biodiesel, particularly marine markets in China and Singapore as EU […]
In Malaysia, The Star reports Indonesia has started testing to prepare for the implementation of its “B50” biodiesel mandate, which aims to blend 50% palm oil-based biodiesel with conventional diesel. This initiative, set to build on the current B35 program, is one of the most ambitious biofuel mandates globally. The new mandate is part of […]
In India, The Hindu reports M11 Industries commenced operations at its biodiesel plant in Padubidri, Udupi district, Karnataka. The state-of-the-art facility, built under the ‘Make in India’ initiative with an investment of ₹350 crore, is the largest of its kind in India, with a production capacity of 450 tonnes per day. The plant converts used […]
In China, Yicai reports shares of Zhuoyue New Energy dropped 2.4% in Shanghai, marking a 40% decline this year, despite the company’s announcement of new biofuel investments in Singapore and Saudi Arabia. This move aims to mitigate the impact of the European Union’s new anti-dumping duties. Zhuoyue, a leading Chinese biodiesel producer, faces a 25.4% […]
In Washington, NATSO, representing America’s travel centers and truck stops, SIGMA: America’s Leading Fuel Marketers, and the National Association of Convenience Stores (NACS), commended a bipartisan group of lawmakers for introducing the “Biodiesel Tax Credit Extension Act of 2024,” which would extend the biodiesel blender’s tax credit. The legislation is sponsored by Representatives Mike Carey […]
In the UK, Oils & Fats International reported that Brazil’s privately owned Grupo Potencial will be investing $37 million in building two biofuel pipelines in the south of the country. Scheduled for construction next year and subject to regulatory approval, the 55km pipelines would be the longest of their type in the South American country, […]
In Belgium, while biodiesel from China continues to flood into the European markets, policy makers in the European Commission deliberate their response. The European Biodiesel Board (EBB), which brought a trade case before the institutions, remains confident anti-dumping measures will be announced soon. However, the devastating effects of the situation are clearly shown throughout Europe. […]
In Belgium, the European Public Prosecutor’s Office (EPPO) in Brussels (Belgium) has arrested two suspects in connection with an investigation into a customs fraud involving biodiesel imports, with an estimated damage of €3.1 million. The two suspects, who have dual citizenship (Bosnia and the USA), were arrested last month, during the course of a trial […]
In Indonesia, Indonesia Business Post reported that the Governor of East Kalimantan, Akmal Malik, encouraged Chinese companies to invest in building a biodiesel plant in East Kalimantan, Indonesia, emphasizing the region’s significant palm oil production potential. The offer was conveyed during a recent visit to China. During the visit, Akmal explored investment opportunities with various […]
In Belgium, Reuters reported that France and Germany have called on the European Union to adopt stricter checks on overseas suppliers of biofuel as the EU investigates allegations of fraud in imports from Asia. The report noted that the European biodiesel industry has complained of a surge in imports from China which it believes involve […]
