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Update 'US EPA Says it is Auditing Biofuel Producers' used Cooking Oil Supply'

Aileen Souza 2025-01-18 06:08:13 +00:00
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US-EPA-Says-it-is-Auditing-Biofuel-Producers%27-used-Cooking-Oil-Supply.md Normal file

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<br>By Leah Douglas<br>
<br>Aug 7 (Reuters) - The U.S. Epa has [launched examinations](https://www.google.com/search?kgmid=/m/0cqd_rb) into the supply chains of at least 2 sustainable fuel producers amidst market issues that some may be using deceptive feedstocks for biodiesel to protect rewarding government subsidies.<br>
<br>EPA representative Jeffrey Landis told [Reuters](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) that the company has actually [released audits](https://www.crunchbase.com/organization/mission-newenergy) over the previous year, however decreased to recognize the business targeted because the examinations are continuous.<br>
<br>The production of [biodiesel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) from sustainable components, like utilized cooking oil, can earn [refiners](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) a multitude of state and federal environmental and climate aids, including tradable credits under a [program administered](https://pitchbook.com/profiles/company/51278-86) by the EPA called the Renewable Fuel Standard. But [worries](https://www.zoominfo.com/c/mission-newenergy/346542889) have actually been installing that some products labeled as utilized cooking oil are actually less expensive and less [sustainable virgin](https://pitchbook.com/profiles/company/51278-86) palm oil, an item that is related to [logging](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) and other ecological damage.<br>
<br>The concern came into focus following a surge in utilized cooking oil exports from Asia in current years that analysts have stated involves [unrealistically](https://pitchbook.com/profiles/company/51278-86) high volumes relative to the amount of cooking oil used and recuperated in the area. The [European Union](https://www.crunchbase.com/organization/mission-newenergy) is likewise investigating feedstocks over the scams concerns.<br>
<br>The EPA audits began after the firm updated domestic supply-chain accounting requirements in July 2023 for [sustainable fuel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) manufacturers seeking to make under the RFS, he stated.<br>
<br>"EPA has actually carried out audits of renewable fuel producers considering that July 2023 that includes, among other things, an examination of the areas that used cooking oil used in renewable fuel production was gathered," he stated. "These examinations, however, are ongoing and we are not able to go over ongoing enforcement examinations."<br>
<br>U.S. senators from farm states have actually required more oversight of [biofuel](https://stocktwits.com/symbol/MNEL) feedstocks, saying federal agencies need to be as rigorous in verifying imports as they are auditing [domestic supply](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) chains.<br>
<br>"The Biden administration has produced energetic requirements to validate, not just trust, American producers, and it is important that the exact same scrutiny is applied to imported feedstocks," six U.S. senators, led by Roger Marshall and [Sherrod](https://www.bloomberg.com/profile/company/MNELF:US) Brown, [composed](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) in a June 20 letter to [federal firms](https://www.zoominfo.com/c/mission-newenergy/346542889).<br>
<br>Another letter from 15 senators to the Treasury Department on July 30 advised the [administration](https://www.zoominfo.com/c/mission-newenergy/346542889) to omit imported feedstocks like UCO from an [extra clean](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) fuel tax credit program passed in the Inflation [Reduction](https://pitchbook.com/profiles/company/51278-86) Act. (Reporting by Leah Douglas in [Washington Editing](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) by Richard Valdmanis and Matthew Lewis)<br>