Biodielsel producing plant in Newarthill to close with over 70 jobs at risk

, with its future under threat.

The free download features the latest breaking news and exclusive stories, and allows you to customise your page to the sections that matter most to you.The company claim market conditions have put severe economic pressures on biodiesel production facilities in the UK over the past two years have forced the move.

Established in 2001, production began in Newarthill in 2005 with 55,000 tons a year. A few years later they were supplying high bio blends to bus and truck companies. And in 2012 Transport for London first began trialling of Argent’s biodiesel for the city’s buses. Argent Energy have cited a number of reasons for the closure, including competition from imported Chinese biodiesel which benefits from state economic support; an increase of imports of subsidised US-made product following removal of trade defence measures by the UK after Brexit; UK fuel suppliers being able to avoid the normal 6.5 per cent duty for imported biodiesel following approvals by HMRC; and the inability for the UK to import Argent’s main feedstock from the EU post-Brexit.

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