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

Melvina Holte 2025-01-12 06:12:54 -05:00
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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://forest500.org/rankings/companies/mission-newenergy-limited) Agency has [launched examinations](https://www.businessnews.com.au/Company/Mission-NewEnergy) into the supply chains of at least 2 eco-friendly fuel producers [amidst market](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) issues that some might be utilizing fraudulent feedstocks for [biodiesel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) to secure rewarding government subsidies.<br>
<br>EPA [spokesperson Jeffrey](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) Landis told Reuters that the firm has actually introduced audits over the past year, but decreased to determine the companies targeted because the [examinations](https://stocktwits.com/symbol/MNEL) 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 used cooking oil, can earn refiners a multitude of state and [federal ecological](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) and [environment](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) aids, including tradable credits under a program administered by the EPA called the [Renewable Fuel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) Standard. But fears have been installing that some supplies identified as used cooking oil are really less expensive and less sustainable virgin palm oil, a product that is related to deforestation and other environmental damage.<br>
<br>The issue entered focus following a surge in utilized cooking [oil exports](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) from Asia recently that experts have stated includes unrealistically high volumes relative to the amount of [cooking oil](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) utilized and recuperated in the area. The European Union is likewise examining feedstocks over the fraud issues.<br>
<br>The EPA audits began after the agency updated domestic supply-chain accounting [requirements](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) in July 2023 for [sustainable fuel](https://www.crunchbase.com/organization/mission-newenergy) [producers](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) looking for to earn [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 carried out audits of renewable fuel producers given that July 2023 that includes, among other things, an assessment of the locations that used cooking oil utilized in eco-friendly fuel production was collected," he said. "These examinations, however, are ongoing and we are unable to go over ongoing enforcement investigations."<br>
<br>U.S. senators from farm states have actually required more oversight of [biofuel](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) feedstocks, stating 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 extensive in validating imports as they are auditing domestic supply chains.<br>
<br>"The Biden administration has created vigorous requirements to verify, not simply trust, American producers, and it is vital that the very same examination is applied to imported feedstocks," 6 U.S. senators, led by [Roger Marshall](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) and Sherrod Brown, [composed](https://stocktwits.com/symbol/MNEL) in a June 20 letter to federal agencies.<br>
<br>Another letter from 15 senators to the Treasury Department on July 30 urged the administration to omit imported feedstocks like UCO from an extra clean [fuel tax](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) credit program passed in the Inflation Reduction Act. (Reporting by Leah Douglas in Washington Editing by and Matthew Lewis)<br>