Court Dumps EU #Ethanol Duty

EUflag1Breaking news came from Europe today as ethanol supporters were gathered in Kansas City that a European court has ruled against the European Union’s (EU) countrywide 9.5 percent antidumping duty on all ethanol imported from the US.S. that  had been in place since February 2013.

Both the Renewable Fuels Association (RFA) and Growth Energy are pleased with the ruling that the five-year antidumping duty of $83.03 per metric ton was invalid. The trade organizations filed a joint complaint in May 2013, outlining violations by the European Commission in its antidumping investigation. The antidumping duty had effectively shut out U.S. ethanol producers from accessing the European market, which before the penalty was imposed had represented a 300-million-gallon market for our industry.

“The antidumping duty should have never been assessed,” said RFA President and CEO Bob Dinneen. “We feel vindicated and thank the EU General Court for its commonsense ruling.”

Listen to Bob Dinneen’s comments on the ruling: RFA CEO Bob Dinneen on EU ruling