Chinese UCO avoid US tariffs and look for homes in EU and Asia

In China, Reuters reports that with tariffs keeping Chinese products out of the US, the used cooking oil that had been headed to that market, the largest market for Chinese UCO in the world, would instead be diverted to the European Union. Last year, the US imported 3 million metric tons of Chinese UCO worth $2.64 billion. With 700,000 metric tons in Sustainable Aviation Fuel installed capacity opening in Thailand, Malaysia and Japan this year, those markets are expected to quickly open up and divert some of that excess supply from Europe.