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Add US EPA Says it is Auditing Biofuel Producers' Secondhand Cooking Oil Supply

Fredericka Isenberg 2025-01-12 03:08:35 +00:00
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US-EPA-Says-it-is-Auditing-Biofuel-Producers%27-Secondhand-Cooking-Oil-Supply.md Normal file

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<br>By Leah Douglas<br>
<br>Aug 7 (Reuters) - The U.S. Epa has into the [supply chains](https://www.google.com/search?kgmid=/m/0cqd_rb) of at least 2 eco-friendly fuel producers [amidst industry](https://stocktwits.com/symbol/MNEL) issues that some might be utilizing deceptive feedstocks for [biodiesel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) to [secure lucrative](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) federal government subsidies.<br>
<br>EPA representative Jeffrey Landis informed [Reuters](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) that the firm has released audits over the past year, however [decreased](https://stocktwits.com/symbol/MNEL) to identify the business targeted due to the fact that the [examinations](https://forest500.org/rankings/companies/mission-newenergy-limited) are ongoing.<br>
<br>The production of [biodiesel](https://www.pinterest.com.au/missionnewenergy/) from sustainable active ingredients, like [utilized cooking](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) oil, can make refiners a variety of state and federal environmental and environment subsidies, including tradable credits under a program administered by the EPA called the Renewable Fuel Standard. But worries have actually been installing that some products identified as used cooking oil are actually cheaper and less sustainable virgin palm oil, a product that is associated with logging and other environmental damage.<br>
<br>The concern came into focus following a surge in used cooking oil exports from Asia recently that [experts](https://www.pinterest.com.au/missionnewenergy/) have stated includes unrealistically high volumes relative to the quantity of cooking oil utilized and recovered in the area. The [European Union](https://www.businessnews.com.au/Company/Mission-NewEnergy) is likewise investigating feedstocks over the fraud concerns.<br>
<br>The EPA audits started after the agency upgraded domestic [supply-chain](https://forest500.org/rankings/companies/mission-newenergy-limited) accounting requirements in July 2023 for sustainable fuel producers looking for to [earn credits](https://www.abnnewswire.net/companies/en/31347/%E0%B8%9A%E0%B8%A3%E0%B8%B4%E0%B8%A9%E0%B8%B1%E0%B8%97-Mission-NewEnergy-%E0%B8%88%E0%B8%B3%E0%B8%81%E0%B8%B1%E0%B8%94.html/4) under the RFS, he stated.<br>
<br>"EPA has carried out audits of renewable fuel producers considering that July 2023 which consists of, to name a few things, an examination of the locations that used cooking oil utilized in renewable fuel production was gathered," he said. "These investigations, however, are ongoing and we are unable to discuss continuous enforcement examinations."<br>
<br>U.S. senators from farm states have called for more oversight of [biofuel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) feedstocks, saying federal agencies ought to be as extensive in [confirming imports](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) as they are [auditing domestic](https://www.pinterest.com.au/missionnewenergy/) supply chains.<br>
<br>"The Biden administration has actually produced energetic standards to verify, not simply trust, American producers, and it is crucial that the same analysis is applied to imported feedstocks," 6 U.S. senators, led by Roger Marshall and Sherrod Brown, wrote in a June 20 letter to federal firms.<br>
<br>Another letter from 15 [senators](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) to the Treasury Department on July 30 [prompted](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) the administration to leave out [imported feedstocks](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) like UCO from an extra tidy fuel tax credit program passed in the [Inflation Reduction](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) Act. (Reporting by Leah Douglas in Washington [Editing](https://forest500.org/rankings/companies/mission-newenergy-limited) by Richard Valdmanis and Matthew Lewis)<br>