Competition and Policy Woes Impact UK Biodiesel Sector ...Middle East

Economy by : (OILPRICE) -
One of Britain’s biggest biodiesel plants is preparing to shut down in the latest blow to the government’s industrial strategy. The Greenergy plant in Lincolnshire, which is thought to produce as much as a quarter of the UK’s biodiesel, on Thursday confirmed it would begin consultation on a proposal to cease production. Greenergy said its Immingham plant had continued to be impacted by market factors, including slower increases in the UKs biofuels blending mandates compared to European countries and competition from subsidised…

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