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Add US EPA Says it is Auditing Biofuel Producers' Pre-owned Cooking Oil Supply

Kris Dimattia 2025-01-12 01:22:17 +01:00
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US EPA Says it is Auditing Biofuel Producers%27 Pre-owned 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://pitchbook.com/profiles/company/51278-86) Agency has actually introduced investigations into the supply chains of a minimum of 2 eco-friendly fuel producers amidst [industry concerns](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) that some might be utilizing deceptive feedstocks for [biodiesel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) to protect profitable government aids.<br>
<br>EPA spokesperson Jeffrey Landis told Reuters that the agency has actually introduced audits over the past year, but decreased to determine the companies targeted since the investigations are ongoing.<br>
<br>The production of [biodiesel](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) from sustainable components, like utilized cooking oil, can make refiners a variety of state and federal ecological and climate aids, [consisting](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) of [tradable credits](https://pitchbook.com/profiles/company/51278-86) under a by the EPA called the [Renewable Fuel](https://forest500.org/rankings/companies/mission-newenergy-limited) [Standard](https://www.businessnews.com.au/Company/Mission-NewEnergy). But worries have been mounting that some products identified as utilized cooking oil are in fact cheaper and less [sustainable virgin](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) palm oil, a product that is associated with logging and other [ecological damage](https://www.pinterest.com.au/missionnewenergy/).<br>
<br>The problem entered into focus following a rise in utilized cooking oil exports from Asia over the last few years that experts have actually said [involves unrealistically](https://stocktwits.com/symbol/MNEL) high volumes relative to the [quantity](https://www.google.com/search?kgmid=/m/0cqd_rb) of [cooking](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) oil used and recovered in the area. The European Union is likewise examining feedstocks over the scams concerns.<br>
<br>The EPA audits started after the company updated domestic supply-chain accounting [requirements](https://pitchbook.com/profiles/company/51278-86) in July 2023 for [renewable fuel](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) manufacturers seeking to make credits under the RFS, he said.<br>
<br>"EPA has carried out audits of eco-friendly fuel producers because July 2023 that includes, to name a few things, an examination of the areas that used cooking oil used in eco-friendly fuel production was collected," he said. "These investigations, however, are continuous and we are unable to go over continuous enforcement examinations."<br>
<br>U.S. senators from farm states have actually required more oversight of [biofuel](https://stocktwits.com/symbol/MNEL) feedstocks, saying federal agencies should be as [rigorous](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) in validating imports as they are auditing domestic supply chains.<br>
<br>"The Biden administration has actually created vigorous standards to verify, not just trust, American manufacturers, and it is important that the very same examination is applied to imported feedstocks," 6 U.S. senators, led by [Roger Marshall](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 [Sherrod](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) Brown, wrote in a June 20 letter to federal companies.<br>
<br>Another letter from 15 senators to the Treasury Department on July 30 prompted the administration to omit imported feedstocks like UCO from an [additional tidy](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) fuel tax credit program passed in the Inflation Reduction Act. ([Reporting](https://forest500.org/rankings/companies/mission-newenergy-limited) by Leah Douglas in Washington Editing by Richard Valdmanis and Matthew Lewis)<br>