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

Jeramy Bury 2025-01-12 20:03:54 +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. Epa has actually [launched examinations](https://www.zoominfo.com/c/mission-newenergy/346542889) into the supply chains of at least 2 renewable fuel producers amid industry [concerns](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) that some may be using deceptive feedstocks for [biodiesel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) to secure lucrative [government](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) aids.<br>
<br>EPA spokesperson Jeffrey Landis informed Reuters that the company has actually launched audits over the past year, however [decreased](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) to determine the business targeted because the [investigations](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) are ongoing.<br>
<br>The production of [biodiesel](https://www.zoominfo.com/c/mission-newenergy/346542889) from sustainable components, like used cooking oil, can earn refiners a slew of state and [federal environmental](https://www.crunchbase.com/organization/mission-newenergy) and climate aids, consisting of tradable credits under a program administered by the EPA called the [Renewable Fuel](https://forest500.org/rankings/companies/mission-newenergy-limited) Standard. But worries have been mounting that some supplies identified as used cooking oil are really less expensive and less sustainable virgin palm oil, a product that is related to logging and other environmental damage.<br>
<br>The issue came into focus following a rise in utilized cooking oil [exports](https://forest500.org/rankings/companies/mission-newenergy-limited) from Asia over the last few years that analysts have stated involves unrealistically high volumes relative to the amount of [cooking](https://stocktwits.com/symbol/MNEL) oil used and recuperated in the region. The European Union is also [investigating feedstocks](https://www.zoominfo.com/c/mission-newenergy/346542889) over the [fraud issues](https://pitchbook.com/profiles/company/51278-86).<br>
<br>The EPA audits started after the agency upgraded domestic supply-chain accounting requirements in July 2023 for [eco-friendly](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) fuel [producers seeking](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) to earn [credits](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) under the RFS, he stated.<br>
<br>"EPA has actually performed audits of eco-friendly fuel manufacturers since July 2023 which consists of, amongst other things, an examination of the places that used cooking oil utilized in renewable fuel production was collected," he said. "These investigations, however, are continuous and we are not able to go over ongoing enforcement investigations."<br>
<br>U.S. senators from farm states have actually required more [oversight](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) of [biofuel](https://www.pinterest.com.au/missionnewenergy/) feedstocks, saying federal companies need to be as strenuous in confirming imports as they are auditing domestic supply chains.<br>
<br>"The Biden administration has actually developed energetic requirements to validate, not just trust, American producers, and it is crucial that the very same analysis is applied to imported feedstocks," 6 U.S. senators, led by Roger Marshall and Sherrod Brown, wrote 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://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) to leave out like UCO from an additional tidy fuel tax credit [program passed](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) in the Inflation [Reduction](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) Act. (Reporting by Leah Douglas in Washington Editing by Richard Valdmanis and Matthew Lewis)<br>