Biofuels produced from waste cooking oil imported from China threaten Canada’s domestic canola market, an industry executive says, according to a report in Canada’s Western Producer.
‘It’s a big deal,’ said Chris Vervaet, executive director of the Canadian Oilseed Processors Association. The association represents most of Canada’s crushers.
He says, ‘It could displace a lot of the demand that we need going into the very murky year of 2025 and beyond.’
Wewart called it a ‘very big risk’ for Canada’s canola industry, undermining what had been expected to be a huge market diversification opportunity for the crop.
For every one million tonnes of renewable fuel made from waste cooking oil (UCO) consumed in Canada, 2.5 million tonnes of canola is displaced, the report says.