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Agricultural News

Statement from Growth Energy, U.S. Grains Council, and the Renewable Fuels Association on U.S. Ethanol Appeal Outcome in Peru

Mon, 01 Feb 2021 12:31:57 CST

The Peruvian National Institute for the Defense of Free Competition and the Protection of Intellectual Property (INDECOPI) Tribunal announced on January 29, 2021 that the U.S. ethanol industry and the U.S. government won an appeal on a countervailing duty case brought against U.S. ethanol in Peru, reversing a previous decision handed down by Peruvian authorities that applied a 15-cent per gallon duty on U.S. ethanol and resulted in loss of market access in the country.

Growth Energy, the U.S. Grains Council (USGC), and the Renewable Fuels Association (RFA) participated extensively in this case, arguing at hearings in both the initial investigation and the appeal in Peru on behalf of the U.S. ethanol industry.

The following is a joint statement on the decision from:

Emily Skor, CEO, Growth Energy
Ryan LeGrand, President and CEO, U.S. Grains Council
Geoff Cooper, President and CEO, Renewable Fuels Association

"We appreciate the thoroughness of the Competition Tribunal's analysis, and the careful review process followed in Peru. This is a welcome development for our U.S. ethanol producers and our valued customers in Peru.?

"We are pleased that Peruvian authorities reached the right result, and we look forward to continuing our close work with Peru to further enhance our mutually beneficial trade relationship development efforts, including urging them to increase their blend rate beyond 7.8 percent. Doing so would also help Peru to meet its Paris Agreement commitments and lead to opening more global trade of ethanol.

"The U.S. ethanol industry remains focused on expanding the global use of low-carbon ethanol, reducing barriers to trade, and elevating the energy discussion, and we favor continued collaboration and cooperation with Peru and other nations that share the vision of a free and open global ethanol market."   


   

 

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