Argentina's biodiesel industry had a terrible year in 2013 after the European Union hiked tariffs on shipments amid claims of dumping.
Exports of the soybean-derived fuel slumped last year and Argentina lost the crown as world's No. 1 supplier to Indonesia.
But things are looking up in 2014.
In late May, Argentina's government cut biodiesel export tariffs from 21% to 11% in a move that will cause shipments to surge 30% to 1.5 million metric tons (mmt), according to the Argentine Biofuels Association.
In a separate boost to production, Congress suspended taxes on local biodiesel use, which was levied at ...