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

Rosetta Osburn 2025-01-11 22:23:40 +08:00
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US-EPA-Says-it-is-Auditing-Biofuel-Producers%27-used-Cooking-Oil-Supply.md Normal file

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<br>By Leah Douglas<br>
<br>Aug 7 (Reuters) - The U.S. Epa has actually [released investigations](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) into the [supply chains](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) of at least two eco-friendly fuel [producers](https://forest500.org/rankings/companies/mission-newenergy-limited) in the middle of industry concerns that some may be utilizing [fraudulent feedstocks](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) for [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) to secure rewarding federal government aids.<br>
<br>EPA representative Jeffrey Landis informed Reuters that the agency has actually released audits over the past year, but declined to determine the companies targeted due to the fact that the examinations are [continuous](https://pitchbook.com/profiles/company/51278-86).<br>
<br>The production of [biodiesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) from sustainable components, like utilized cooking oil, can earn [refiners](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) a [variety](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) of state and [federal ecological](https://www.google.com/search?kgmid=/m/0cqd_rb) and climate aids, including tradable credits under a program administered by the EPA called the Renewable Fuel [Standard](https://pitchbook.com/profiles/company/51278-86). But fears have actually been installing that some supplies identified as used [cooking](https://www.bloomberg.com/profile/company/MNELF:US) oil are really more [affordable](https://forest500.org/rankings/companies/mission-newenergy-limited) and less sustainable virgin palm oil, a product that is associated with logging and other ecological damage.<br>
<br>The concern entered into focus following a rise in used cooking oil exports from Asia in the last few years that experts have actually stated involves unrealistically high volumes relative to the amount of cooking oil used and recovered in the region. The European Union is also [investigating](https://www.businessnews.com.au/Company/Mission-NewEnergy) feedstocks over the [scams concerns](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/).<br>
<br>The EPA audits began after the company upgraded domestic supply-chain accounting requirements in July 2023 for sustainable fuel producers looking for to make credits under the RFS, he stated.<br>
<br>"EPA has actually conducted audits of renewable fuel manufacturers because July 2023 that includes, among other things, an evaluation of the locations that used cooking oil utilized in eco-friendly fuel production was gathered," he said. "These investigations, nevertheless, are continuous and we are unable to go over continuous enforcement investigations."<br>
<br>U.S. senators from farm states have actually [required](https://www.google.com/search?kgmid=/m/0cqd_rb) more oversight of [biofuel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) feedstocks, stating federal firms must be as rigorous in validating imports as they are auditing domestic supply 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 examination is used to imported feedstocks," 6 U.S. senators, led by [Roger Marshall](https://www.bloomberg.com/profile/company/MNELF:US) and [Sherrod](https://pitchbook.com/profiles/company/51278-86) Brown, wrote in a June 20 letter to federal companies.<br>
<br>Another letter from 15 senators to the Treasury Department on July 30 prompted the administration to exclude imported feedstocks like UCO from an [additional clean](https://pitchbook.com/profiles/company/51278-86) fuel tax credit program passed in the Inflation Reduction Act. (Reporting by Leah Douglas in Washington [Editing](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) by and Matthew Lewis)<br>