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

Dominique Moncrieff 2025-01-11 09:19:30 +01:00
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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. [Environmental Protection](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) Agency has actually [released examinations](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) into the supply chains of a minimum of 2 renewable fuel producers amid industry concerns that some might be using deceptive feedstocks for [biodiesel](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) to secure financially rewarding government aids.<br>
<br>EPA spokesperson Jeffrey Landis told [Reuters](https://pitchbook.com/profiles/company/51278-86) that the agency has actually introduced audits over the past year, but declined to [determine](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) the business targeted due to the fact that the examinations are continuous.<br>
<br>The production of [biodiesel](https://www.zoominfo.com/c/mission-newenergy/346542889) from sustainable ingredients, like utilized cooking oil, can make refiners a variety of state and federal environmental and environment subsidies, [consisting](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) of tradable credits under a program [administered](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) by the EPA called the Renewable Fuel Standard. But worries have been installing that some supplies labeled as used [cooking](https://www.pinterest.com.au/missionnewenergy/) oil are in fact more affordable and less [sustainable virgin](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) palm oil, a product that is related to deforestation and other ecological damage.<br>
<br>The issue entered focus following a rise in [utilized cooking](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) [oil exports](https://www.google.com/search?kgmid=/m/0cqd_rb) from Asia recently that [experts](https://www.zoominfo.com/c/mission-newenergy/346542889) have said includes unrealistically high volumes relative to the amount of cooking oil used and recovered in the area. The European Union is likewise examining feedstocks over the scams issues.<br>
<br>The EPA audits started after the agency upgraded accounting requirements in July 2023 for eco-friendly [fuel producers](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) looking for to make credits under the RFS, he stated.<br>
<br>"EPA has actually conducted audits of sustainable fuel manufacturers since July 2023 that includes, to name a few things, an evaluation of the places that used cooking oil used in renewable fuel production was gathered," he stated. "These examinations, however, are continuous and we are unable to discuss continuous enforcement examinations."<br>
<br>U.S. senators from farm states have required more oversight of [biofuel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) feedstocks, saying federal companies must be as extensive in [confirming imports](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) as they are auditing [domestic supply](https://www.pinterest.com.au/missionnewenergy/) chains.<br>
<br>"The Biden administration has actually developed vigorous standards to verify, not just trust, American manufacturers, and it is imperative that the same analysis is applied to imported feedstocks," six U.S. senators, led by [Roger Marshall](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) and [Sherrod](https://stocktwits.com/symbol/MNEL) Brown, composed in a June 20 letter to federal agencies.<br>
<br>Another letter from 15 [senators](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) to the [Treasury Department](https://www.businessnews.com.au/Company/Mission-NewEnergy) on July 30 advised 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>