LONDON (ICIS)–Premiums for used cooking oil methyl ester (UCOME) were under pressure following a controversial move from the German government to release previously-blocked proof of sustainability (POS) certificates from a suspended hydrotreated vegetable oil (HVO) producer.
Price impact on the spot European biodiesel market, more specifically on UCOME, materialized quickly with sharp drops over the two days since the news emerged on Tuesday.
In an official statement, the federal office of agriculture and food (BLE) said that following an investigation, it held “a strong suspicion that the HVO producer does not exist”, but made the decision to validate the POS certificates. The tickets are used to verify the sustainability of a biofuel.
Published by: www.icis.com
Sophie Udubasceanu
09-May-2025
