The National Biodiesel
Board says it will consider all possible legal actions as it looks into
what it calls a flood of biodiesel entering the country from Argentina.
The N.B.B. says new data is out showing subsidized biodiesel imports
from Argentina are still continuing to surge, pushing even higher in
recent weeks. A June report from a business intelligence company showed
biodiesel exports shipped out of Argentina reached a five-month high and
all of it went to the United States. Argentina recently reduced and
then dropped export taxes on biodiesel, contributing to the surge in
shipments to America and making the situation that much harder for
American producers. In March, the NBB filed a petition with the U.S.
Department of Commerce and the U.S. International Trade Commission
because of the rising amount of biodiesel imports. The NBB says in the
petitions that higher volumes of subsidized biodiesel from Argentina and
Indonesia have taken away market share from American manufacturers and
injured domestic producers. Anne Steckel is the NBB Vice President of
Federal Affairs and she says they filed the petitions to level the
playing field for America’s producers.
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