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

Frances Lent 2025-01-11 23:42:55 +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. Agency has launched examinations into the supply chains of at least two sustainable fuel producers in the middle of [industry issues](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) that some might be using [fraudulent feedstocks](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) for [biodiesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) to secure rewarding federal government aids.<br>
<br>EPA representative Jeffrey Landis told Reuters that the firm has introduced audits over the past year, but decreased to [determine](https://stocktwits.com/symbol/MNEL) the business targeted due to the fact that the [investigations](https://www.zoominfo.com/c/mission-newenergy/346542889) are ongoing.<br>
<br>The [production](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) of [biodiesel](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) from sustainable ingredients, like utilized cooking oil, can earn refiners a multitude of state and federal environmental and environment aids, consisting of tradable credits under a program administered by the EPA called the [Renewable Fuel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) [Standard](https://pitchbook.com/profiles/company/51278-86). But fears have actually been installing that some products labeled as utilized cooking oil are really less expensive and less [sustainable virgin](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) palm oil, an item that is connected with deforestation and other environmental damage.<br>
<br>The problem entered focus following a surge in utilized cooking oil exports from Asia recently that experts have stated involves [unrealistically](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) high volumes relative to the amount of [cooking oil](https://www.google.com/search?kgmid=/m/0cqd_rb) utilized and recovered in the area. The European Union is likewise [examining feedstocks](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) over the scams concerns.<br>
<br>The EPA audits began after the company updated domestic supply-chain accounting requirements in July 2023 for renewable fuel [producers](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) looking for to earn credits under the RFS, he said.<br>
<br>"EPA has carried out audits of sustainable fuel producers since July 2023 which includes, amongst other things, an evaluation of the locations that utilized cooking oil used in sustainable fuel production was collected," he stated. "These investigations, however, are ongoing and we are unable to talk about continuous enforcement investigations."<br>
<br>U.S. [senators](https://pitchbook.com/profiles/company/51278-86) from farm states have actually [required](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) more oversight of [biofuel](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) feedstocks, saying federal agencies should be as extensive in [confirming imports](https://www.businessnews.com.au/Company/Mission-NewEnergy) as they are auditing [domestic supply](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) chains.<br>
<br>"The Biden administration has actually created vigorous requirements to validate, not simply trust, American manufacturers, and it is imperative that the exact same scrutiny is applied to imported feedstocks," 6 U.S. senators, led by Roger Marshall and Sherrod Brown, wrote in a June 20 letter to [federal companies](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/).<br>
<br>Another letter from 15 senators to the Treasury Department on July 30 advised the [administration](https://www.bloomberg.com/profile/company/MNELF:US) to leave out imported feedstocks like UCO from an additional tidy fuel tax credit program passed in the Inflation Reduction Act. (Reporting by Leah Douglas in Washington Editing by Richard Valdmanis and Matthew Lewis)<br>