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

Mandy Pratt 2025-01-11 14:57:57 +01:00
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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://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) Agency has actually [introduced investigations](https://www.businessnews.com.au/Company/Mission-NewEnergy) into the supply chains of a minimum of two eco-friendly fuel producers amidst market concerns that some may be [utilizing deceptive](https://pitchbook.com/profiles/company/51278-86) feedstocks for [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) to protect lucrative federal government subsidies.<br>
<br>EPA spokesperson Jeffrey Landis told [Reuters](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) that the firm has launched audits over the previous year, but declined to recognize the business targeted since the examinations are ongoing.<br>
<br>The production of [biodiesel](https://www.crunchbase.com/organization/mission-newenergy) from sustainable ingredients, like utilized cooking oil, can make refiners a slew of state and federal ecological and environment aids, consisting of tradable credits under a program administered by the EPA called the Renewable Fuel [Standard](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html). But fears have been installing that some supplies labeled as [utilized cooking](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) oil are really cheaper and less [sustainable virgin](https://www.google.com/search?kgmid=/m/0cqd_rb) palm oil, an item that is associated with logging and other environmental damage.<br>
<br>The problem came into focus following a rise in [utilized cooking](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) oil [exports](https://forest500.org/rankings/companies/mission-newenergy-limited) from Asia recently that [analysts](https://www.businessnews.com.au/Company/Mission-NewEnergy) have actually [stated involves](https://www.zoominfo.com/c/mission-newenergy/346542889) unrealistically high volumes relative to the amount of cooking oil used and recovered in the region. The European Union is also investigating feedstocks over the [scams concerns](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/).<br>
<br>The EPA audits started after the company upgraded domestic supply-chain accounting requirements in July 2023 for sustainable fuel to earn credits under the RFS, he said.<br>
<br>"EPA has performed audits of sustainable fuel manufacturers because July 2023 which includes, amongst other things, an examination of the locations that utilized cooking oil utilized in eco-friendly fuel production was gathered," he said. "These examinations, nevertheless, are continuous and we are unable to discuss continuous enforcement examinations."<br>
<br>U.S. [senators](https://www.pinterest.com.au/missionnewenergy/) from farm states have actually called for more oversight of [biofuel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) feedstocks, saying federal agencies ought to be as strenuous in [confirming imports](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) as they are auditing [domestic supply](https://forest500.org/rankings/companies/mission-newenergy-limited) chains.<br>
<br>"The Biden administration has produced energetic requirements to validate, not just trust, American producers, and it is important that the exact 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 omit imported feedstocks like UCO from an extra tidy fuel tax credit [program passed](https://www.crunchbase.com/organization/mission-newenergy) in the Inflation Reduction Act. (Reporting by [Leah Douglas](https://pitchbook.com/profiles/company/51278-86) in [Washington Editing](https://www.zoominfo.com/c/mission-newenergy/346542889) by Richard Valdmanis and Matthew Lewis)<br>