WORLD ENERGY STATEMENT ON EUROPEAN COMMISSION’S PROVISIONAL DUTIES ON US BIODIESEL IMPORTS

03.13.09

March 12, 2009

FOR IMMEDIATE RELEASE
Contact: John Kellogg: (617) 889-7322, (617) 875-1788, johnk@worldenergy.net

WORLD ENERGY STATEMENT ON EUROPEAN COMMISSION’S PROVISIONAL DUTIES ON US BIODIESEL IMPORTS

BOSTON, MA—Gene Gebolys, President and CEO of World Energy Alternatives, LLC, issued the following statement regarding the European Commission’s release of Provisional Duty Regulations pertaining to anti-dumping and countervailing duty investigations of biodiesel
from the United States:

“Well the European dog has caught the car, now what? We have been vocal in our opposition to the imposition of provisional duties but now that they are here, we welcome them.

“We are about to get the proof that these provisional duties will hurt the European biodiesel industry much more than they will help. US based product has been less of a competitor than a contributor to European biodiesel. US material has primarily been used as a blend stock with European material to make European spec biodiesel cheaper.

“As prices rise in Europe, Europeans will be paying more for less biodiesel putting even more pressure on their already dwindling diesel stocks. I am confident that the Europeans will soon have all the evidence they need to conclude that their protectionist impulse must give way to more enlightened policies.

“For over 20 years the Europeans have been leaders of the biodiesel market, while today's response to the global downturn is a significant step backward, this blunder will in time set the stage for the Europeans to re-imagine their leadership role in the world and emerge stronger than ever.”


About World Energy
World Energy develops new energy sources and markets to expand the global energy supply. With a focus on renewable biofuels, the company delivers customer value through quality, service and reliability. Supported by a diversified global platform and network of production facilities, the company has earned a reputation for technical excellence and customer service. World Energy’s operations in North America, Europe, South America and Southeast Asia ensure reliable supply of quality product worldwide.

###

About World Energy