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

Stormy Spowers 2025-01-12 15:11:40 +08:00
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US-EPA-Says-it-is-Auditing-Biofuel-Producers%27-Secondhand-Cooking-Oil-Supply.md Normal file

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<br>By Leah Douglas<br>
<br>Aug 7 (Reuters) - The U.S. Environmental Protection Agency has [released investigations](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) into the supply chains of a minimum of 2 eco-friendly fuel manufacturers amidst industry issues that some might be using deceptive feedstocks for [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) to secure profitable government subsidies.<br>
<br>[EPA spokesperson](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) Jeffrey Landis informed Reuters that the firm has actually introduced audits over the previous year, but [decreased](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) to identify the companies targeted since the investigations are [ongoing](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm).<br>
<br>The production of [biodiesel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) from [sustainable](https://www.google.com/search?kgmid=/m/0cqd_rb) components, like utilized cooking oil, can make [refiners](https://www.bloomberg.com/profile/company/MNELF:US) a multitude of state and federal environmental and [environment](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) subsidies, including tradable credits under a [program](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) administered by the EPA called the Renewable Fuel Standard. But fears have actually been mounting that some [materials labeled](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) as used [cooking oil](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) are actually less [expensive](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 less sustainable virgin palm oil, a product that is related to logging and other environmental damage.<br>
<br>The problem came into focus following a rise in [utilized cooking](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) oil exports from Asia in recent years that [experts](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) have actually stated involves unrealistically high volumes relative to the quantity of cooking oil [utilized](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) and recuperated in the area. The European Union is also examining feedstocks over the scams issues.<br>
<br>The EPA audits started after the domestic supply-chain accounting requirements in July 2023 for sustainable fuel manufacturers seeking to earn credits under the RFS, he said.<br>
<br>"EPA has carried out audits of renewable fuel producers because July 2023 which consists of, among other things, an evaluation of the places that utilized cooking oil used in eco-friendly fuel production was collected," he said. "These examinations, however, are ongoing and we are not able to discuss ongoing enforcement examinations."<br>
<br>U.S. senators from farm states have required more oversight of [biofuel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) feedstocks, saying federal firms need to be as strenuous in [confirming imports](https://www.businessnews.com.au/Company/Mission-NewEnergy) as they are auditing domestic supply chains.<br>
<br>"The Biden administration has created vigorous standards to verify, not just trust, American manufacturers, and it is vital that the exact same examination is applied to imported feedstocks," six U.S. senators, led by Roger Marshall and Sherrod Brown, wrote in a June 20 letter to [federal companies](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd).<br>
<br>Another letter from 15 [senators](https://stocktwits.com/symbol/MNEL) to the Treasury Department on July 30 prompted the [administration](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) to omit imported feedstocks like UCO from an extra clean fuel tax credit program passed in the Inflation Reduction Act. (Reporting by Leah Douglas in Washington Editing by Richard Valdmanis and Matthew Lewis)<br>