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Add US EPA Says it is Auditing Biofuel Producers' Pre-owned Cooking Oil Supply

Dorothy Demko 2025-01-11 23:29:36 +08:00
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US EPA Says it is Auditing Biofuel Producers%27 Pre-owned Cooking Oil Supply.-.md Normal file

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<br>By Leah Douglas<br>
<br>Aug 7 (Reuters) - The U.S. Epa has released examinations into the supply chains of a minimum of 2 sustainable [fuel manufacturers](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) amid industry issues that some might be utilizing deceptive feedstocks for [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) to secure rewarding government aids.<br>
<br>EPA representative Jeffrey Landis told Reuters that the company has [launched audits](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) over the past year, however decreased to recognize the companies targeted since the investigations are [ongoing](https://pitchbook.com/profiles/company/51278-86).<br>
<br>The production of [biodiesel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) from sustainable active ingredients, like used [cooking](https://www.crunchbase.com/organization/mission-newenergy) oil, can make refiners a variety of state and federal environmental and climate aids, consisting of tradable credits under a program administered by the EPA called the [Renewable Fuel](https://www.crunchbase.com/organization/mission-newenergy) [Standard](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd). But have actually been installing that some products identified as utilized cooking oil are really [cheaper](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) and less [sustainable virgin](https://www.zoominfo.com/c/mission-newenergy/346542889) palm oil, a [product](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) that is associated with [logging](https://www.bloomberg.com/profile/company/MNELF:US) and other [ecological damage](https://stocktwits.com/symbol/MNEL).<br>
<br>The concern came into focus following a surge in used cooking oil exports from Asia recently that analysts have [stated involves](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) unrealistically high volumes relative to the quantity of cooking oil [utilized](https://www.zoominfo.com/c/mission-newenergy/346542889) and recuperated in the region. The European Union is also examining feedstocks over the fraud concerns.<br>
<br>The EPA audits started after the agency upgraded domestic supply-chain accounting [requirements](https://pitchbook.com/profiles/company/51278-86) in July 2023 for sustainable fuel producers [seeking](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) to make credits under the RFS, he said.<br>
<br>"EPA has actually conducted audits of eco-friendly fuel producers considering that July 2023 which consists of, among other things, an evaluation of the places that utilized cooking oil used in renewable fuel production was collected," he said. "These investigations, however, are ongoing and we are not able to go over ongoing enforcement examinations."<br>
<br>U.S. senators from farm states have required more oversight of [biofuel](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) feedstocks, saying federal firms should be as strenuous in confirming imports as they are auditing [domestic supply](https://www.google.com/search?kgmid=/m/0cqd_rb) chains.<br>
<br>"The Biden administration has created vigorous requirements to verify, not simply trust, American manufacturers, and it is essential that the same analysis is applied to imported feedstocks," 6 U.S. senators, led by Roger Marshall and [Sherrod](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) Brown, [composed](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) 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 to omit imported feedstocks like UCO from an additional 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>