The UK Trade Remedies Authority (TRA) initiated on 17 March an anti-dumping and a countervailing investigation into imports of Hydrotreated Vegetable Oil (HVO) biodiesel from the United States of America.
The investigations follow an application from UK biodiesel producers concerned that the market has changed since a previous review in 2022.
Recent evidence suggests that the price gap has narrowed and HVO may now be competing directly with UK-produced biodiesel.
Furthermore, the investigations will determine whether imports of HVO are being sold at unfairly low prices or being subsidised, and causing harm to UK industry. The period of investigation for these cases will be between 1 January 2024 and 31 December 2024.
HVO is a renewable type of diesel produced by adding H2 to vegetable oil. The product can be used in all types of diesel engines as a blending component or pure form. HVO is in some respects similar to FAME as both use vegetable oil as raw material.
