From 037d3bbac87787a98e6b9a325e938a306c4edc48 Mon Sep 17 00:00:00 2001 From: Jorge Pantano Date: Sat, 11 Jan 2025 04:27:39 +0000 Subject: [PATCH] Add US EPA Says it is Auditing Biofuel Producers' Pre-owned Cooking Oil Supply --- ...fuel Producers%27 Pre-owned Cooking Oil Supply.-.md | 10 ++++++++++ 1 file changed, 10 insertions(+) create mode 100644 US EPA Says it is Auditing Biofuel Producers%27 Pre-owned Cooking Oil Supply.-.md diff --git a/US EPA Says it is Auditing Biofuel Producers%27 Pre-owned Cooking Oil Supply.-.md b/US EPA Says it is Auditing Biofuel Producers%27 Pre-owned Cooking Oil Supply.-.md new file mode 100644 index 0000000..0dbe2b5 --- /dev/null +++ b/US EPA Says it is Auditing Biofuel Producers%27 Pre-owned Cooking Oil Supply.-.md @@ -0,0 +1,10 @@ +
By Leah Douglas
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Aug 7 (Reuters) - The U.S. Epa has actually [launched investigations](https://www.bloomberg.com/profile/company/MNELF:US) into the [supply chains](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) of at least two eco-friendly fuel producers amidst industry issues that some might be utilizing deceitful feedstocks for [biodiesel](https://www.google.com/search?kgmid=/m/0cqd_rb) to [secure financially](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) rewarding government subsidies.
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EPA spokesperson [Jeffrey Landis](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) told Reuters that the firm has actually launched audits over the past year, however [declined](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) to [recognize](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) the companies targeted since the investigations are ongoing.
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The production of [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) from sustainable components, like utilized cooking oil, can earn refiners a slew of state and federal environmental and climate subsidies, including tradable credits under a program administered by the EPA called the Renewable Fuel [Standard](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/). But worries have been mounting that some supplies labeled as used [cooking oil](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) are in fact cheaper and less [sustainable virgin](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) palm oil, an item that is related to [logging](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) and other [environmental damage](https://pitchbook.com/profiles/company/51278-86).
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The problem entered focus following a rise in [utilized cooking](https://www.google.com/search?kgmid=/m/0cqd_rb) [oil exports](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) from Asia in current years that experts have stated involves unrealistically high [volumes relative](https://www.pinterest.com.au/missionnewenergy/) to the amount of [cooking oil](https://www.bloomberg.com/profile/company/MNELF:US) utilized and recovered in the region. The European Union is also [investigating feedstocks](https://www.pinterest.com.au/missionnewenergy/) over the .
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The EPA audits started after the company updated domestic supply-chain accounting requirements in July 2023 for sustainable fuel manufacturers seeking to earn credits under the RFS, he stated.
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"EPA has performed audits of sustainable fuel manufacturers given that July 2023 that includes, to name a few things, an assessment of the places that utilized cooking oil utilized in renewable fuel production was collected," he stated. "These investigations, however, are ongoing and we are unable to go over continuous enforcement examinations."
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U.S. senators from farm states have required more oversight of [biofuel](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) feedstocks, stating federal companies must be as extensive in confirming imports as they are auditing domestic supply chains.
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"The Biden administration has produced energetic standards to validate, not simply trust, American producers, and it is crucial that the same scrutiny is applied to imported feedstocks," six U.S. senators, led by Roger Marshall and Sherrod Brown, composed in a June 20 letter to [federal agencies](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).
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Another letter from 15 senators to the [Treasury Department](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) on July 30 prompted the administration to exclude 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)
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