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

Taylah Rash 2025-01-12 23:39:44 +04:00
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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 actually launched examinations into the supply chains of at least two sustainable fuel [producers](https://stocktwits.com/symbol/MNEL) [amidst market](https://www.businessnews.com.au/Company/Mission-NewEnergy) issues that some may be using deceptive feedstocks for [biodiesel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) to secure profitable federal government [subsidies](https://www.pinterest.com.au/missionnewenergy/).<br>
<br> Jeffrey Landis told Reuters that the firm has released audits over the past year, but declined to recognize the business targeted since the investigations are continuous.<br>
<br>The production of [biodiesel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) from [sustainable active](https://pitchbook.com/profiles/company/51278-86) ingredients, like utilized cooking oil, can earn refiners a variety of state and federal environmental and [environment](https://www.zoominfo.com/c/mission-newenergy/346542889) subsidies, including tradable [credits](https://www.zoominfo.com/c/mission-newenergy/346542889) under a program administered by the EPA called the Renewable Fuel Standard. But fears have been mounting that some products identified as used cooking oil are in fact less expensive and less [sustainable virgin](https://www.pinterest.com.au/missionnewenergy/) palm oil, a product that is connected with [deforestation](https://www.crunchbase.com/organization/mission-newenergy) and other environmental damage.<br>
<br>The issue entered into focus following a rise in used [cooking oil](https://www.google.com/search?kgmid=/m/0cqd_rb) exports from Asia in recent years that analysts have said includes unrealistically high volumes relative to the quantity of cooking oil utilized and [recuperated](https://www.zoominfo.com/c/mission-newenergy/346542889) in the region. The European Union is likewise examining [feedstocks](https://www.businessnews.com.au/Company/Mission-NewEnergy) over the fraud issues.<br>
<br>The EPA audits began after the firm updated domestic supply-chain accounting requirements in July 2023 for sustainable fuel manufacturers seeking to make credits under the RFS, he said.<br>
<br>"EPA has actually carried out audits of renewable fuel manufacturers considering that July 2023 that includes, to name a few things, an examination of the places that used cooking oil utilized in renewable fuel production was gathered," he said. "These examinations, however, are continuous and we are unable to discuss ongoing enforcement investigations."<br>
<br>U.S. senators from farm states have required more oversight of [biofuel](https://www.businessnews.com.au/Company/Mission-NewEnergy) feedstocks, saying federal agencies need to be as strenuous in verifying imports as they are [auditing domestic](https://www.crunchbase.com/organization/mission-newenergy) supply chains.<br>
<br>"The Biden administration has actually created energetic requirements to verify, not simply trust, American producers, and it is crucial that the exact same examination is applied to imported feedstocks," six U.S. senators, led by Roger Marshall and Sherrod Brown, composed in a June 20 letter to federal companies.<br>
<br>Another letter from 15 senators to the [Treasury Department](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) on July 30 urged the [administration](https://www.crunchbase.com/organization/mission-newenergy) to leave out imported feedstocks like UCO from an [extra tidy](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) fuel tax [credit program](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) passed in the [Inflation Reduction](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) Act. (Reporting by [Leah Douglas](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) in Washington Editing by Richard Valdmanis and Matthew Lewis)<br>