European institutions have come to an initial agreement on the revised Renewable Energy Directive. UPM Biofuels welcomes the agreement as it creates an obligatory advanced biofuel blending mandate in all EU Member States starting at 0.2% in 2022, double counted, and rising to 3.5% in 2030. "The UPM Lappeenranta Biorefinery, the world's first to produce wood-based renewable diesel on a commercial scale, has proven the potential as a significant producer of truly sustainable advanced biofuels. UPM BioVerno, which reduces GHG emissions up to 80% compared with fossil fuels, has found a solid market place. The agreement will further boost interest in the most sustainable biofuels and strengthens the position of advanced low-ILUC fuels, such as UPM BioVerno, that have minimal risk of causing indirect emissions or land use change," says Sari Mannonen, Vice President, UPM Biofuels. Click Read More below for additional information.
U.S. Senate Minority Leader Charles Schumer, D-N.Y., is calling on the U.S. Department of Commerce to reverse its recent decision to impose duties on special paper from Canada used in newsprint.
U.S. Secretary of Commerce Wilbur Ross announced Jan. 9 duties will be imposed on imports of uncoated groundwood paper from Canada as an investigation into the possible effects such a duty would have on the nation’s economy.
“This preliminary decision allows U.S. producers to receive relief from the market-distorting effects of potential government subsidies while taking into account the need to keep groundwood paper prices affordable for domestic consumers,” Ross said. “The Department of Commerce will continue to evaluate and verify the accuracy of this preliminary determination while standing up for the American business and worker.”
The Department calculated a preliminary subsidy rates for the major manufacturers of the paper: 6.09 percent for Catalyst Paper Corporation, 9.93 percent for Kruger Trois-Rivieres L.P., 4.42 percent for Resolute FP Canada Inc. and 0.65 percent for White Birch Paper Canada Company NSULC. All other producers and exporters in Canada have been assigned a preliminary subsidy rate of 6.53 percent.
Schumer sent a letter to Ross and President Donald Trump expressing his concern about how such duties could hurt the struggling newspaper industry, especially in upstate New York.
“The bottom line is that this decision will have a huge and harmful impact on newspapers in every hometown across upstate New York, so the Department of Commerce should reconsider this decision,” Schumer said. “This decision is not supported by the domestic paper manufacturing industry, so [the Department of] Commerce should find a new way forward that does not place such an unfair and unwise burden on an already at-risk and extremely vital American industry that provides so many jobs and so much value to New Yorkers from one corner of the state to the other.”
more at: https://www.hudsonvalley360.com/article/schumer-reverse-harmful-decision-ny-newspapers