EU duties, domestic policies put the brakes on Argentina's biofuel boom

Argentina's booming biofuel industry is "practically paralyzed" due to unpredictable domestic policies and high duties recently imposed by the European Union. The nation's biodiesel exports dropped 45% this year to 242,000 tons after it lost its European market following EU claims of dumping. Argentina responded by denying the charges and filing a complaint with the World Trade Organization, but its biodiesel production has dropped dramatically from 710,000 tons in the first quarter of 2012 to the current 390,000 tons.

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