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10/30/06

Market Watch: European Union extends antidumping duties on U.S. ethanol imports


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European Union extends antidumping duties on U.S. ethanol imports

European Union extends antidumping duties on U.S. ethanol imports

The European Union has extended antidumping duties on ethanol imports from three U.S. companies for two years, the Official Journal reported Wednesday.
The three companies are Dow Chemical Co. (DOW), Huntsman Corp. (HUN) and the U.S. division of INEOS PLC. Dow must pay EUR59.25/ton, INEOS EUR69.40/ton and Huntsman EUR11.25/ton.

Antidumping duties on the three companies were first imposed in 1995. E.U. regulators said U.S. prices on ethanol products were higher than E.U. prices and that U.S. producers were dumping excess production in Europe.

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