Biofuel plant 'faces closure after US trade deal'
Summary
The UK's largest bioethanol plant, Vivergo, may close if the government does not intervene. The removal of a tariff on US ethanol imports as part of a trade deal has impacted the plant's viability, leading to calls for government action to protect the industry and jobs.Key Facts
- Vivergo is the UK's largest bioethanol plant, located near Hull.
- The plant produces bioethanol used in E10 petrol, which helps reduce carbon emissions.
- The UK removed a 19% tariff on US ethanol imports in a recent trade deal with the US.
- The removal of this tariff is affecting the plant's ability to compete, according to Vivergo.
- Vivergo employs over 160 people and also produces animal feed from the bioethanol process.
- The company is seeking government intervention to continue operations.
- Business Secretary Jonathan Reynolds met with bioethanol producers to discuss urgent actions for the industry.
- The government is in talks to understand the trade deal's impact and consider possible support.
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