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UK Rejects Bioethanol Industry Bailout

OilPrice · Charles Kennedy · last updated
The UK government has decided against bailing out the country’s bioethanol plants, which have warned they would be forced to close without a rescue package as the U.S.-UK trade deal has made them unviable.  The trade deal from May removed a previous 19% tariff, which the UK imposed on imports of U.S. bioethanol. As a result, the UK-produced bioethanol has been unable to compete with the zero-tariff imported U.S. bioethanol.    Vivergo Fuels, the UK’s largest bioethanol plant, warned at the end of May that “if…
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