The international biofuels and feedstocks market has continued to experience volatility in recent months. As we quickly move toward the end of the year, we're seeing a greatly renewed interest in this industry.
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The European Union has made waves in the international biofuels market by announcing preliminary anti-dumping duties on Chinese biodiesel and hydrotreated vegetable oil (HVO) importers.
The bio-bunkering market continues to see expansion with positive growth and increased demand in several key regions of Asia. While Singapore returns to a growing market, Hong Kong has also seen a rapid increase in demand for bio-bunkers.
The US government is investigating the integrity of various biodiesel producers' practices as concerns grow over potentially fraudulent ingredients used to create these fuels. The primary feedstock in question is used cooking oil, or UCO.
Recently, ResourceWise held a live webinar covering the EU’s anti-dumping ruling on Chinese biodiesel and HVO. Put simply, this decision will yield significant changes in market mechanics—particularly the renewable feedstocks needed for biofuel production.
The EU’s recent ruling on anti-dumping tariffs for Chinese biodiesel imports has already created a shockwave in the biofuels industry. As industry agents seek new opportunities, several feedstocks offer great potential for revived interest in the market. Case-in-point: crude tall oil, or CTO.
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