Lake Erie Biofuels Announces Name Change
September 8, 2009 (Erie, PA) –Today, Erie, PA based Lake Erie Biofuels, LLC, has announced their new name: HERO BX. “HERO BX stands for high-quality biodiesel and that is what we produce everyday using multiple feedstocks,” said HERO BX CEO, Leonard Kosar. “In the future, we will utilize our proprietary blending technology to determine what the most efficient and cost competitive second and third generation feedstocks are and add them to our feedstock portfolio. We are not only a biodiesel company, we are a fuel technology company.”
European Biodiesel Board says US producers shipping lower blends to evade punitive tariff
In Belgium, the European Biodiesel Board is claiming, in a Bloomberg report, that US biodiesel exporters may have commenced shipments of biodiesel blends at B20 or lower blending ratios, to escape punitive tariffs of up to $351 per ton on higher blends. According to the report, EU imports of US biodiesel fell from 160,000 tons per month in 2008 to nearly zero in 2009, after US market share rose from 0.1 percent in 2004 to 17.2 percent in 2008.
The EBB is now pushing for the punitive tariffs to be applied to US biodiesel in any concentration, after discovering that 24,000 tons per month of biodiesel have entered the EU from the US since April, in the form of lower blends.