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

Tawnya Brody 2025-01-13 09:53:10 +08:00
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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. [Environmental Protection](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) Agency has actually [launched examinations](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) into the [supply chains](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) of at least 2 renewable fuel producers amidst market issues that some might be utilizing deceptive feedstocks for [biodiesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) to [secure lucrative](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) federal government subsidies.<br>
<br>EPA representative Jeffrey Landis informed Reuters that the firm has actually launched audits over the previous year, but decreased to determine the companies targeted since the investigations are ongoing.<br>
<br>The production of [biodiesel](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) from sustainable ingredients, like used cooking oil, can make refiners a multitude of state and federal ecological and climate 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://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) as used [cooking](https://pitchbook.com/profiles/company/51278-86) oil are really less expensive and less sustainable virgin palm oil, an item that is related to deforestation and other [ecological damage](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html).<br>
<br>The [concern](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) entered into focus following a surge in utilized cooking oil exports from Asia recently that analysts have stated involves unrealistically high volumes relative to the [quantity](https://stocktwits.com/symbol/MNEL) of cooking oil used and recuperated in the region. The European Union is likewise [investigating feedstocks](https://forest500.org/rankings/companies/mission-newenergy-limited) over the [fraud issues](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd).<br>
<br>The EPA audits started after the company updated domestic supply-chain accounting requirements in July 2023 for sustainable fuel manufacturers looking for to make [credits](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) under the RFS, he stated.<br>
<br>"EPA has conducted audits of eco-friendly fuel manufacturers because July 2023 which includes, to name a few things, an examination of the areas that utilized cooking oil used in sustainable fuel production was collected," he stated. "These investigations, however, are ongoing and we are not able to discuss ongoing enforcement investigations."<br>
<br>U.S. senators from farm states have required more oversight of [biofuel](https://www.crunchbase.com/organization/mission-newenergy) feedstocks, [stating federal](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) firms need to be as rigorous in confirming imports as they are [auditing domestic](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) supply chains.<br>
<br>"The Biden administration has developed vigorous standards to confirm, not simply trust, American manufacturers, and it is necessary that the same analysis is used to imported feedstocks," 6 U.S. senators, led by [Roger Marshall](https://www.zoominfo.com/c/mission-newenergy/346542889) and Sherrod Brown, wrote in a June 20 letter to [federal agencies](https://www.businessnews.com.au/Company/Mission-NewEnergy).<br>
<br>Another letter from 15 senators to the Treasury Department on July 30 [prompted](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) the [administration](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) to exclude imported feedstocks 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 Lewis)<br>