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

Elwood Teichelmann 2025-01-18 23:32:23 +08:00
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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 launched investigations into the supply chains of a minimum of 2 renewable fuel producers in the middle of [industry concerns](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) that some might be utilizing [fraudulent feedstocks](https://www.google.com/search?kgmid=/m/0cqd_rb) for [biodiesel](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) to protect profitable federal government aids.<br>
<br>EPA spokesperson Jeffrey Landis told Reuters that the agency has released audits over the past year, but decreased to identify the [companies targeted](https://www.crunchbase.com/organization/mission-newenergy) since the investigations are continuous.<br>
<br>The production of [biodiesel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) from sustainable active ingredients, like utilized cooking oil, can earn refiners a [multitude](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) of state and federal ecological and [climate](https://forest500.org/rankings/companies/mission-newenergy-limited) subsidies, consisting of tradable credits under a program administered by the EPA called the Renewable Fuel Standard. But worries have been installing that some [supplies labeled](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) as [utilized cooking](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) oil are actually more affordable and less sustainable virgin palm oil, a product that is related to deforestation and other ecological damage.<br>
<br>The concern came into focus following a rise in used cooking oil exports from Asia recently that analysts have said includes unrealistically high volumes relative to the amount of [cooking](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) oil utilized and recuperated in the region. The European Union is also examining feedstocks over the [scams concerns](https://www.crunchbase.com/organization/mission-newenergy).<br>
<br>The EPA audits started after the agency updated domestic supply-chain accounting requirements in July 2023 for [eco-friendly](https://stocktwits.com/symbol/MNEL) [fuel producers](https://www.pinterest.com.au/missionnewenergy/) seeking to make credits under the RFS, he said.<br>
<br>"EPA has actually carried out audits of eco-friendly fuel manufacturers because July 2023 that includes, amongst other things, an examination of the locations that utilized cooking oil utilized in eco-friendly fuel production was collected," he stated. "These examinations, however, are ongoing and we are unable to go over continuous enforcement examinations."<br>
<br>U.S. senators from farm states have actually required more [oversight](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) of [biofuel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) feedstocks, saying federal agencies ought to be as strenuous in [validating imports](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) as they are auditing domestic supply chains.<br>
<br>"The Biden administration has produced vigorous standards to verify, not simply trust, American producers, and it is vital that the very same examination is used to imported feedstocks," 6 U.S. senators, led by [Roger Marshall](https://stocktwits.com/symbol/MNEL) and [Sherrod](https://www.crunchbase.com/organization/mission-newenergy) Brown, wrote in a June 20 letter to federal companies.<br>
<br>Another letter from 15 senators to the Treasury Department on July 30 advised the [administration](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) to omit imported [feedstocks](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) like UCO from an extra clean fuel tax credit in the Inflation Reduction Act. (Reporting by Leah Douglas in Washington Editing by Richard Valdmanis and [Matthew](https://www.zoominfo.com/c/mission-newenergy/346542889) Lewis)<br>