German Biodiesel Company Cuts Output after Surge in EU Imports

coherentnews

Natural Energy West— Germany-based renewable fuel producer—announced reduction of biodiesel output by 50 percent due to surging European Union imports from Argentina and Indonesia, on April 9, 2018.

The company revealed that the output cut will be immediate and for an indefinite period. The company produces around 240,000 tons of biodiesel a year at its plant in Marl and is jointly owned by German cooperative AGRAVIS, agribusiness Bunge, France’s Diester International, and German oilseeds crusher C. Thywissen.

EU producers reported that biodiesel from Argentina and Indonesia receive unfair state support that allows it to be sold at low prices in Europe. Archer Daniels Midland Co—a U.S.-based agribusiness group—said that it was suspending production at a major biodiesel plant in Germany due to an increase in cheap imports. Natural Energy West also remarked about its production cut, blaming dumped biodiesel imports from Argentina and Indonesia, which have been prevalent in the European market since the winter.

The company revealed that it would continue producing oil only to meet existing contracts and not engage in any surplus production.

“If the German government and the European Commission do nothing against the unfair trading practices undertaken by Argentina and Indonesia, the European (biodiesel) industry and the farming sector, which supports it, will face damage that threatens its existence,” said Natural Energy West CEO, Detlef Volz.

You may be interested

Business

Tips For Fitting Orthotics Inside Sandals And Shoes

Pareesh Phulkar - December 17, 2018

Are you struggling to get your orthotics to fit inside your shoes? If you want to get the most out of your insoles, try using the tips…

Alcohol Found to Alter Molecular Basis of Memory Formation
Healthcare
Healthcare

Alcohol Found to Alter Molecular Basis of Memory Formation

Mohit Joshi - December 15, 2018

Research study conducted at Brown University reported that alcohol captures a conserved memory pathway in the brain that changes memory formation at molecular level Excessive alcohol consumption…

Business

Global Metallic Couplings Market by Type, Deployment, Industry, Approach, and Geography- Forecast to 2026

Albert R - December 14, 2018

According to the new market research report on "Global Metallic Couplings Market Report 2018 - 2026” covers there Product Type, Region Coverage, Application or End-user, Industry Insights…

Most from this category