U.S. soybeans can now be used in biofuels in the European Union
The European Commission says U.S. soybeans meet sustainability requirements and can now be used in biofuels in the European Union.
Biofuels in the EU must meet a set of sustainability standards outlined in its Renewable Energy Directive and the European Commission says the U.S. Soybean Sustainability Assurance Protocol meets its requirements.
Bill Gordon, vice president of the American Soybean Association, says the announcement is a win for soybean growers.
“This is important for both countries— for us, it increases our exports with the tariff situation we’re in,” he says. “It’s also beneficial for the European Union because they’re mandating biofuels at a much great part of their fuel system.”
He tells Brownfield although it applies only to soybeans exported for biodiesel, it’s a step in the right direction.
“We’re hoping the next step is to talk and showcase our sustainable practices so we can go into their food market as well,” he says.
The EU’s decision will remain in place through at least July 2021.
The announcement is part of the implementation of the Joint Statement between Presidents Junker and Trump in July 2018, where the two leaders agreed to increase trade, especially with soybeans.
Audio: Bill Gordon, American Soybean Association