US accuses French biodiesel firm of Iran ties; company in receivership

US authorities have accused La Nivernaise de raffinage, a French biodiesel subsidiary of Swiss Wellbred Trading, of alleged ties to Iran. The company, which produces biodiesel from used cooking oils, is now in judicial receivership. The accusation marks a notable expansion of US sanctions enforcement into the European biofuels sector, though details of the alleged Iran connection remain unclear.