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

US-EPA-Says-it-is-Auditing-Biofuel-Producers%27-used-Cooking-Oil-Supply.md

@@ -0,0 +1,10 @@
+<br>By Leah Douglas<br>
+<br>Aug 7 (Reuters) - The U.S. Epa has [launched investigations](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) into the [supply chains](https://pitchbook.com/profiles/company/51278-86) of a minimum of 2 eco-friendly fuel [manufacturers](https://forest500.org/rankings/companies/mission-newenergy-limited) amid industry concerns that some might be utilizing deceitful [feedstocks](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) for [biodiesel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) to protect lucrative [government](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) subsidies.<br>
+<br>EPA representative [Jeffrey](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) Landis informed Reuters that the firm has introduced audits over the past year, however [declined](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) to [recognize](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) the companies targeted since the [investigations](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) are [ongoing](https://www.google.com/search?kgmid=/m/0cqd_rb).<br>
+<br>The production of [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) from sustainable active ingredients, like used cooking oil, can earn refiners a variety of state and federal environmental and environment aids, consisting of tradable credits under a program administered by the EPA called the Renewable Fuel Standard. But fears have actually been mounting that some materials labeled as used cooking oil are really cheaper and less sustainable virgin palm oil, an item that is connected with deforestation and other ecological damage.<br>
+<br>The problem came into focus following a rise in used cooking oil exports from Asia over the last few years that analysts have stated includes unrealistically high volumes relative to the quantity of cooking oil used and recovered in the area. The European Union is likewise examining feedstocks over the fraud concerns.<br>
+<br>The EPA audits began after the company updated domestic [supply-chain accounting](https://www.bloomberg.com/profile/company/MNELF:US) [requirements](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) in July 2023 for [renewable fuel](https://www.crunchbase.com/organization/mission-newenergy) manufacturers seeking to earn credits under the RFS, he stated.<br>
+<br>"EPA has actually performed audits of renewable fuel manufacturers because July 2023 which consists of, to name a few things, an assessment of the locations that used cooking oil utilized in eco-friendly fuel production was collected," he stated. "These investigations, however, are ongoing and we are unable to discuss ongoing enforcement examinations."<br>
+<br>U.S. senators from farm states have [required](https://www.zoominfo.com/c/mission-newenergy/346542889) more oversight of [biofuel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) feedstocks, saying [federal companies](https://pitchbook.com/profiles/company/51278-86) must be as strenuous in validating imports as they are auditing domestic supply chains.<br>
+<br>"The Biden administration has actually created vigorous standards to verify, not simply trust, American producers, and it is essential that the exact same analysis is used to imported feedstocks," six U.S. senators, led by Roger Marshall and Sherrod Brown, composed in a June 20 letter to federal companies.<br>
+<br>Another letter from 15 senators to the Treasury Department on July 30  the administration to exclude imported feedstocks like UCO from an extra tidy fuel tax credit program passed in the Inflation Reduction Act. ([Reporting](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) by [Leah Douglas](https://pitchbook.com/profiles/company/51278-86) in Washington Editing by Richard Valdmanis and [Matthew](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) Lewis)<br>