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

Angelo Mertz 2025-01-11 06:00:21 +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.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) Agency has actually [released investigations](https://www.google.com/search?kgmid=/m/0cqd_rb) into the [supply chains](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) of at least 2 [sustainable fuel](https://pitchbook.com/profiles/company/51278-86) manufacturers amid market issues that some might be using deceitful feedstocks for [biodiesel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) to protect lucrative federal government subsidies.<br>
<br>EPA spokesperson Jeffrey Landis told Reuters that the company has released audits over the previous year, however decreased to recognize the [business targeted](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) because the investigations are continuous.<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 multitude of state and federal ecological and environment subsidies, [consisting](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) of [tradable credits](https://pitchbook.com/profiles/company/51278-86) under a program administered by the EPA called the [Renewable Fuel](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) Standard. But fears have actually been installing that some materials labeled as utilized cooking oil are in fact [cheaper](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) and less [sustainable virgin](https://www.crunchbase.com/organization/mission-newenergy) palm oil, an item that is related to logging and other [ecological damage](https://www.bloomberg.com/profile/company/MNELF:US).<br>
<br>The problem entered into focus following a surge in used [cooking oil](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) [exports](https://www.crunchbase.com/organization/mission-newenergy) from Asia over the last few years that [analysts](https://www.businessnews.com.au/Company/Mission-NewEnergy) have stated involves unrealistically high volumes relative to the amount of cooking oil used and recuperated in the area. The European Union is likewise investigating feedstocks over the fraud concerns.<br>
<br>The EPA audits began after the firm upgraded domestic supply-chain accounting requirements in July 2023 for [renewable fuel](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) manufacturers looking for to make credits under the RFS, he said.<br>
<br>"EPA has actually performed audits of sustainable fuel producers given that July 2023 which includes, to name a few things, an examination of the areas that utilized cooking oil utilized in renewable fuel production was gathered," he stated. "These investigations, nevertheless, are continuous and we are unable to discuss continuous enforcement examinations."<br>
<br>U.S. [senators](https://www.google.com/search?kgmid=/m/0cqd_rb) from farm states have called for more oversight of [biofuel](https://www.businessnews.com.au/Company/Mission-NewEnergy) feedstocks, stating federal firms must be as strenuous in verifying imports as they are auditing [domestic supply](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) chains.<br>
<br>"The Biden administration has produced vigorous standards to verify, not just trust, American producers, and it is vital that the very same scrutiny is used to imported feedstocks," 6 U.S. senators, led by Roger Marshall and Sherrod Brown, composed in a June 20 letter to [federal firms](https://pitchbook.com/profiles/company/51278-86).<br>
<br>Another letter from 15 senators to the Treasury Department on July 30 advised the administration to leave out imported feedstocks like UCO from an additional tidy fuel tax passed in the Inflation Reduction Act. (Reporting by Leah Douglas in Washington Editing by Richard Valdmanis and Matthew Lewis)<br>