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

US-EPA-Says-it-is-Auditing-Biofuel-Producers%27-Secondhand-Cooking-Oil-Supply.md

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+<br>By Leah Douglas<br>
+<br>Aug 7 (Reuters) - The U.S. [Environmental Protection](https://stocktwits.com/symbol/MNEL) Agency has actually released examinations into the supply chains of at least two sustainable fuel [manufacturers](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) in the middle of [market concerns](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) that some may be utilizing deceptive feedstocks for [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) to secure profitable federal government aids.<br>
+<br>EPA representative Jeffrey Landis informed Reuters that the company has actually introduced audits over the previous year, however declined to identify the companies targeted due to the fact that the [investigations](https://www.crunchbase.com/organization/mission-newenergy) are continuous.<br>
+<br>The [production](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) 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 make refiners a slew of state and [federal environmental](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) and environment aids, including tradable [credits](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) under a [program administered](https://www.zoominfo.com/c/mission-newenergy/346542889) by the EPA called the Renewable Fuel [Standard](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd). But [worries](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) have been installing that some products labeled as used cooking oil are in fact less expensive and less sustainable virgin palm oil, an item that is connected with [logging](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) and other [environmental damage](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html).<br>
+<br>The [concern](https://www.pinterest.com.au/missionnewenergy/) came into focus following a rise in utilized cooking oil exports from Asia in the last few years that analysts have actually said includes unrealistically high volumes relative to the amount of cooking oil used and recuperated in the area. The European Union is likewise examining feedstocks over the [fraud issues](https://www.investing.com/equities/mission-newenergy-ltd-company-profile).<br>
+<br>The EPA audits started after the agency updated domestic supply-chain accounting requirements in July 2023 for sustainable fuel manufacturers looking for to [earn credits](https://www.businessnews.com.au/Company/Mission-NewEnergy) under the RFS, he said.<br>
+<br>"EPA has conducted audits of renewable fuel manufacturers because July 2023 that includes, amongst other things, an evaluation of the locations that utilized cooking oil utilized in sustainable fuel production was gathered," he stated. "These investigations, nevertheless, are ongoing and we are unable to discuss ongoing enforcement examinations."<br>
+<br>U.S.  from farm states have actually called for more oversight of [biofuel](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) feedstocks, stating federal agencies must be as strenuous in confirming imports as they are auditing [domestic supply](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) chains.<br>
+<br>"The Biden administration has created energetic standards to validate, not just 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, composed in a June 20 letter to [federal firms](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html).<br>
+<br>Another letter from 15 senators to the Treasury Department on July 30 urged the administration to omit 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](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) Lewis)<br>