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

US-EPA-Says-it-is-Auditing-Biofuel-Producers%27-Secondhand-Cooking-Oil-Supply.md

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+<br>By Leah Douglas<br>
+<br>Aug 7 (Reuters) - The U.S. Epa has [launched investigations](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) into the supply chains of at least two eco-friendly fuel manufacturers amid industry issues that some may be [utilizing deceitful](https://www.bloomberg.com/profile/company/MNELF:US) feedstocks for [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) to [protect rewarding](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) federal government [subsidies](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html).<br>
+<br>EPA representative Jeffrey Landis informed Reuters that the agency has released audits over the previous year, but [decreased](https://www.pinterest.com.au/missionnewenergy/) to recognize the business targeted due to the fact that the investigations are continuous.<br>
+<br>The production of [biodiesel](https://www.zoominfo.com/c/mission-newenergy/346542889) from sustainable components, like utilized cooking oil, can make refiners a variety of state and federal ecological and [environment](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) aids, including tradable credits under a program administered by the EPA called the Renewable Fuel Standard. But [worries](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) have been installing that some products labeled as used cooking oil are actually [cheaper](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) and less sustainable virgin palm oil, a product that is related to logging and other [ecological damage](https://www.businessnews.com.au/Company/Mission-NewEnergy).<br>
+<br>The problem entered into focus following a rise in [utilized cooking](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) oil exports from Asia recently that [analysts](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) have stated includes unrealistically high volumes relative to the quantity of cooking oil utilized and recovered in the area. The European Union is likewise investigating feedstocks over the scams issues.<br>
+<br>The  began after the firm updated domestic [supply-chain accounting](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) requirements in July 2023 for renewable fuel producers seeking to make credits under the RFS, he said.<br>
+<br>"EPA has performed audits of eco-friendly fuel producers given that July 2023 that includes, among other things, an assessment of the locations that utilized cooking oil used in renewable fuel production was collected," he stated. "These investigations, nevertheless, are continuous and we are not able to talk about ongoing enforcement investigations."<br>
+<br>U.S. senators from farm states have actually called for more oversight of [biofuel](https://www.businessnews.com.au/Company/Mission-NewEnergy) feedstocks, stating federal firms need to be as rigorous in confirming imports as they are auditing [domestic supply](https://pitchbook.com/profiles/company/51278-86) chains.<br>
+<br>"The Biden administration has actually created vigorous standards to confirm, not simply trust, American producers, and it is imperative that the exact same scrutiny is applied to imported feedstocks," six U.S. senators, led by Roger Marshall and Sherrod Brown, [composed](https://www.google.com/search?kgmid=/m/0cqd_rb) in a June 20 letter to federal firms.<br>
+<br>Another letter from 15 senators to the Treasury Department on July 30 urged the [administration](https://stocktwits.com/symbol/MNEL) to omit imported feedstocks like UCO from an [additional tidy](https://www.bloomberg.com/profile/company/MNELF:US) fuel tax [credit program](https://www.bloomberg.com/profile/company/MNELF:US) passed in the Inflation Reduction Act. (Reporting by [Leah Douglas](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) in Washington Editing by Richard Valdmanis and Matthew Lewis)<br>