European Commission Approves Biodiesel Made from U.S. Soybeans
In a positive move broadening trade, the European Commission has decided to allow for the production of biodiesel using U.S. soybeans. The change is expected to boost stability for the largest soybean producing U.S. states, such as Iowa.
The EU has been seeking to improve its environmental footprint, and the decision by the Commission was made based on U.S. production meeting European sustainability standards. The U.S. soybean industry operates under a sustainability protocol called the soybean sustainability assurance protocol, which means that the U.S. production system is based on sustainability and conservation laws that point to best management practices and oversight.
Prior to this allowance, soybean oil byproduct from U.S. soybeans was banned from being used as fuel and was shipped back to U.S. ports.