The Antidumping Advisory Committee, composed of representatives from member states of the European Union, has reportedly endorsed a 9.6 percent penalty on U.S. ethanol exports to Europe.

In response to the announcement, a joint statement was released by Growth Energy and the Renewable Fuels Association.

“This is simply one step in an ongoing process. While the Antidumping Advisory Committee has voted in favor of imposing an anti-subsidy duty on U.S. ethanol exports, this is one committee making a recommendation to a larger body and the matter is not final. While we are troubled by the Commission’s preliminary decision, we remain convinced that this matter lacks the merit necessary for imposing such a duty and that, when all the facts are considered, the European Union will rightly decide not to impose any antidumping duties on imports of ethanol produced in the United States.”