Biden’s IRA drives surge in US imports of Chinese used cooking oil
Written by Black Hot Fire Network on September 22, 2023
BEIJING, Sept 22 (Reuters) - U.S. incentives to boost consumption of more environmentally friendly fuel has created a new market for used Chinese cooking oil, worth almost $390 million in the last 12 months and growing rapidly, China's customs data shows.
China has been shipping more waste oil to the U.S. since October 2022, two months after the Biden administration passed the Inflation Reduction Act . . .
