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

Fallon Owens 2025-01-17 12:26:50 -07:00
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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. Epa has actually into the supply chains of at least two sustainable fuel manufacturers amid industry issues that some might be using deceptive feedstocks for [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) to protect financially rewarding government aids.<br>
<br>EPA spokesperson [Jeffrey](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) Landis told [Reuters](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) that the agency has actually introduced audits over the past year, however decreased to determine the companies targeted due to the fact that the [examinations](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) are ongoing.<br>
<br>The production of [biodiesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) from sustainable active ingredients, like utilized cooking oil, can earn refiners a slew of state and federal ecological and environment aids, including tradable credits under a [program administered](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) by the EPA called the Renewable Fuel [Standard](https://www.investing.com/equities/mission-newenergy-ltd-company-profile). But fears have been mounting that some supplies labeled as used cooking oil are in fact less expensive and less [sustainable virgin](https://forest500.org/rankings/companies/mission-newenergy-limited) palm oil, an item that is related to logging and other [ecological damage](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/).<br>
<br>The issue entered focus following a surge in [utilized cooking](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) oil exports from Asia over the last few years that [analysts](https://www.bloomberg.com/profile/company/MNELF:US) have stated includes unrealistically high volumes relative to the quantity of cooking oil used and recovered in the region. The [European Union](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) is also [examining feedstocks](https://www.pinterest.com.au/missionnewenergy/) over the [fraud concerns](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html).<br>
<br>The [EPA audits](https://forest500.org/rankings/companies/mission-newenergy-limited) began after the firm [updated domestic](https://www.zoominfo.com/c/mission-newenergy/346542889) supply-chain accounting requirements in July 2023 for sustainable fuel manufacturers looking for to earn credits under the RFS, he said.<br>
<br>"EPA has performed audits of eco-friendly fuel producers because July 2023 which includes, to name a few things, an assessment of the locations that utilized cooking oil used in renewable fuel production was gathered," he stated. "These examinations, however, are continuous and we are unable to go over ongoing enforcement examinations."<br>
<br>U.S. [senators](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) from farm states have called for more oversight of [biofuel](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) feedstocks, saying federal firms need to be as extensive in [confirming imports](https://forest500.org/rankings/companies/mission-newenergy-limited) as they are [auditing domestic](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) supply chains.<br>
<br>"The Biden administration has actually produced energetic standards to validate, not just trust, American manufacturers, and it is vital that the exact same examination is applied to imported feedstocks," six U.S. senators, led by Roger Marshall and Sherrod Brown, composed in a June 20 letter to federal firms.<br>
<br>Another letter from 15 senators to the [Treasury Department](https://www.bloomberg.com/profile/company/MNELF:US) on July 30 advised the administration to exclude imported feedstocks like UCO from an extra clean fuel tax credit program passed in the Inflation Reduction Act. (Reporting by Leah Douglas in Washington Editing by Richard Valdmanis and Matthew Lewis)<br>