Mandelson told to halt biofuel flood

Biofuels firms are demanding the British government and the European Union take action to stop American rivals exploiting subsidies to flood the European markets with cut-price fuel.

The Renewable Energy Association, an industry group, contacted the Department for Business Enterprise and Regulatory Reform and European Union trade commissioner Peter Man-delson in recent weeks. The European Biodiesel Board is also lobbying the EU to protest to the US government.
Since the start of the year, American biodiesel groups have flooded the European markets with cheap fuel. The volumes are so large that US imports are thought to account for more than 50% of demand for biodiesel.

European biodiesel groups, including Biofuels Corporation, the UK’s largest producer, and listed group D1 Oils, have warned that the glut of cheap American imports could drive many firms out of business.

The Sunday Times