LONDON/BRUSSELS (Reuters) - European Union plans to cap the use of food-based biofuels are a major setback for an industry once seen playing a central role in the fight against climate change, but now more often cast as the villain following a series of global food price spikes.
Industry sources and analysts predict the plan could trigger a wave of plant closures across Europe while questioning whether so-called advanced biofuels, often made from waste products, can play the greater role now envisioned by the European Commission.
