Wedoany.com Report-Mar 19, The U.K. Trade Remedies Authority on March 17 announced it has initiated an anti-dumping investigation and a countervailing investigation into imports of hydrotreated vegetable oil (HVO), commonly known as renewable diesel, from the U.S.
According to the agency, the decision to initiate the investigation follows an application submitted by representatives of the U.K. biodiesel industry, including the Renewable Transport Fuel Association, Greenergy Fuels Ltd., Argent Energy Ltd., and Olleco. The stakeholders that requested the investigation cited concerns that the market has changed since a previous review in 2022, with recent evidence suggesting that the price cap has narrowed and HVO may now be competing directly with U.K.-produced biodiesel.
The investigations aim to determine whether imports of HVO are being sold at unfairly low prices or being subsidized and causing harm to U.K. industry.
The period of investigation will be between Jan. 1, 2024, and Dec. 31, 2024.
Parties that wish to participate in the investigation are directed to register their interest through the Trade Remedies Service by April 1, 2025. Once registered, interested parties and contributors can submit comments on any issues relevant to the investigation. This includes the U.S. government, overseas exporters or importers of HVO, overseas producers of HVO, trade groups, and U.K. producers that produce like goods. Like goods is defined to include fatty-acid mono-alkylesters (FAME), commonly known as biodiesel. Sustainable aviation fuel (SAF) is excluded.
