commit b2624d87feff7fa6c1ad5be1222316c56bf7e8dc Author: Karine Pinkston Date: Sun Jan 12 01:45:16 2025 +0000 Add US EPA Says it is Auditing Biofuel Producers' Secondhand Cooking Oil Supply diff --git a/US-EPA-Says-it-is-Auditing-Biofuel-Producers%27-Secondhand-Cooking-Oil-Supply.md b/US-EPA-Says-it-is-Auditing-Biofuel-Producers%27-Secondhand-Cooking-Oil-Supply.md new file mode 100644 index 0000000..f118aac --- /dev/null +++ b/US-EPA-Says-it-is-Auditing-Biofuel-Producers%27-Secondhand-Cooking-Oil-Supply.md @@ -0,0 +1,10 @@ +
By Leah Douglas
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Aug 7 (Reuters) - The U.S. [Environmental Protection](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) Agency has [launched examinations](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) into the supply chains of a minimum of two eco-friendly [fuel producers](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) in the middle of industry concerns that some may be using deceitful feedstocks for [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) to protect rewarding [federal](https://www.bloomberg.com/profile/company/MNELF:US) government aids.
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EPA spokesperson Jeffrey Landis [informed](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) Reuters that the company has actually introduced audits over the past year, however declined to recognize the business targeted because the examinations are continuous.
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The production of [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) from sustainable active ingredients, like used cooking oil, can earn refiners a variety of state and federal environmental and environment aids, consisting of tradable credits under a [program](https://www.pinterest.com.au/missionnewenergy/) administered by the EPA called the Renewable Fuel [Standard](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608). But fears have been mounting that some supplies identified as utilized cooking oil are actually [cheaper](https://forest500.org/rankings/companies/mission-newenergy-limited) and less sustainable virgin palm oil, an item that is connected with [logging](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) and other [environmental damage](https://www.google.com/search?kgmid=/m/0cqd_rb).
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The problem came into focus following a rise in utilized cooking oil exports from Asia recently that experts have actually stated includes unrealistically high volumes relative to the [quantity](https://www.bloomberg.com/profile/company/MNELF:US) of cooking oil used and recovered in the area. The European Union is likewise [investigating feedstocks](https://www.pinterest.com.au/missionnewenergy/) over the [scams concerns](https://www.zoominfo.com/c/mission-newenergy/346542889).
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The EPA audits started 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.
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"EPA has actually performed audits of renewable fuel manufacturers because July 2023 that includes, to name a few things, an assessment of the locations that used cooking oil utilized in sustainable fuel production was collected," he stated. "These investigations, however, are continuous and we are unable to go over continuous enforcement investigations."
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U.S. [senators](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) from farm states have actually required more oversight of [biofuel](https://stocktwits.com/symbol/MNEL) feedstocks, saying [federal companies](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) need to be as rigorous in validating imports as they are auditing domestic supply chains.
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"The Biden administration has developed vigorous requirements to verify, not simply trust, American manufacturers, and it is crucial that the exact same examination is used to imported feedstocks," six U.S. senators, led by [Roger Marshall](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) and Sherrod Brown, wrote in a June 20 letter to federal companies.
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Another letter from 15 senators to the [Treasury Department](https://www.bloomberg.com/profile/company/MNELF:US) on July 30 prompted the administration to exclude imported feedstocks like UCO from an fuel tax credit program passed in the Inflation Reduction Act. ([Reporting](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) by Leah Douglas in Washington Editing by Richard Valdmanis and Matthew Lewis)
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