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

Maricruz Pastor 2025-01-12 01:57:43 +06:00
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<br>By Leah Douglas<br>
<br>Aug 7 (Reuters) - The U.S. Epa has actually [released examinations](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) into the [supply chains](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) of a minimum of two [renewable fuel](https://www.crunchbase.com/organization/mission-newenergy) [producers amidst](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) market concerns that some might be using deceitful feedstocks for [biodiesel](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) to secure financially rewarding government aids.<br>
<br>EPA spokesperson Jeffrey Landis informed Reuters that the agency has launched audits over the past year, but decreased to identify the business targeted due to the fact that the examinations are ongoing.<br>
<br>The production of [biodiesel](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) from sustainable ingredients, like used cooking oil, can make refiners a variety of state and federal ecological and environment subsidies, including tradable [credits](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) under a program administered by the EPA called the Renewable Fuel Standard. But fears have actually been [mounting](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) that some materials labeled as used [cooking](https://www.bloomberg.com/profile/company/MNELF:US) oil are actually less expensive and less sustainable virgin palm oil, a product that is associated with deforestation and other environmental damage.<br>
<br>The issue came into focus following a rise in [utilized cooking](https://forest500.org/rankings/companies/mission-newenergy-limited) [oil exports](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) from Asia recently that [analysts](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) have said [involves unrealistically](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) high volumes relative to the quantity of cooking oil utilized and recovered in the area. The European Union is also examining feedstocks over the fraud concerns.<br>
<br>The EPA audits started after the [company](https://www.zoominfo.com/c/mission-newenergy/346542889) [upgraded domestic](https://forest500.org/rankings/companies/mission-newenergy-limited) supply-chain accounting [requirements](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) in July 2023 for eco-friendly fuel producers looking for to earn [credits](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) under the RFS, he stated.<br>
<br>"EPA has actually performed audits of sustainable fuel producers because July 2023 which consists of, to name a few things, an examination of the locations that used cooking oil utilized in sustainable fuel production was collected," he said. "These examinations, however, are continuous and we are not able to talk about ongoing enforcement examinations."<br>
<br>U.S. senators from farm states have required more oversight of [biofuel](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) feedstocks, stating federal companies must be as strenuous in validating imports as they are auditing chains.<br>
<br>"The Biden administration has produced vigorous requirements to confirm, not simply trust, American manufacturers, and it is essential that the very same analysis is used to imported feedstocks," six U.S. senators, led by Roger Marshall and Sherrod Brown, wrote in a June 20 letter to federal companies.<br>
<br>Another letter from 15 senators to the Treasury Department on July 30 urged the administration to [exclude imported](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) feedstocks like UCO from an extra tidy fuel tax credit program passed in the Inflation Reduction Act. (Reporting by [Leah Douglas](https://forest500.org/rankings/companies/mission-newenergy-limited) in [Washington Editing](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) by Richard Valdmanis and Matthew Lewis)<br>