Argentina to qualify for credits
January 28, 2015
By Amie Silverwood
Jan. 28, 2015 - U.S. regulators have given the green light for Argentina's biofuel makers to qualify for U.S. biofuel credits, Reuters reports. This will pave the way for South American exporters to sell into the U.S. market and it could price pressures on U.S. biofuel producers.
According to Reuters, “The approval comes three years after the South American country, the world’s top exporter of biodiesel made from soybean oil, applied to earn “RIN” alternative fuel credits, used by U.S. refiners, importers and others to prove they are complying with biofuel blending requirements.”
For more information, go to uk.reuters.com/article/2015/01/27/usa-argentina-biodiesel-idUKL1N0V626420150127.
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