Trade and markets
 

Detail

Area
United States of America
Commodity Group
Biofuels
Commodity
Biodiesel
Date
01/01/2015
Policy Category
Renewable energy
Policy Instrument
Renewable energy policy
Description
Allowed Argentine biodiesel producers to apply an alternative method for proving that feedstock used to produce biodiesel was not grown on deforested land, thus permitting biodiesel of Argentine origin to benefit from US biofuel support measures.
Notes
The Environmental Protection Agency (EPA), i.e. the body that administers the country’s Renewable Fuels Standard scheme (RFS), has approved a policy change that could stimulate exports of biodiesel from Argentina to the United States. The EPA accepted a request by the Argentine biodiesel industry to apply an alternative tracking method to prove that soy used to produce biodiesel was not grown on deforested land. By meeting this requirement, Argentine biodiesel qualifies to take part in the United States’ RFS programme. EPA’s decision attracted criticism from the U.S. biodiesel industry, which claims that Argentina’s new tracking system would be far less stringent than the current requirement and more difficult to verify. Market observers said that fresh biodiesel imports would intensify competition with local producers and pressure U.S. biofuel prices.