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

Kacey Langer 2025-01-12 07:27:16 +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. Environmental Protection Agency has actually released examinations into the supply chains of a minimum of two renewable fuel manufacturers amidst industry [concerns](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) that some might be utilizing deceitful feedstocks for [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) to protect lucrative government aids.<br>
<br>EPA spokesperson [Jeffrey Landis](https://forest500.org/rankings/companies/mission-newenergy-limited) informed [Reuters](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) that the firm has actually [introduced audits](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) over the previous year, however decreased to determine the companies targeted because the investigations 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://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) from sustainable ingredients, like used cooking oil, can make refiners a variety of state and federal environmental and [climate](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) subsidies, [including tradable](https://www.zoominfo.com/c/mission-newenergy/346542889) credits under a program administered by the EPA called the Renewable Fuel Standard. But worries have been installing that some products identified as used cooking oil are really less expensive and less sustainable virgin palm oil, a product that is related to deforestation and other [environmental damage](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html).<br>
<br>The problem entered into focus following a rise in utilized cooking oil exports from Asia in the last few years that analysts have actually stated involves [unrealistically](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) high volumes relative to the amount of cooking oil used and recuperated in the area. The [European Union](https://stocktwits.com/symbol/MNEL) is also examining feedstocks over the scams issues.<br>
<br>The EPA audits began after the firm updated domestic supply-chain accounting requirements in July 2023 for eco-friendly fuel producers [seeking](https://www.bloomberg.com/profile/company/MNELF:US) to earn [credits](https://www.bloomberg.com/profile/company/MNELF:US) under the RFS, he stated.<br>
<br>"EPA has actually conducted audits of eco-friendly fuel manufacturers because July 2023 that includes, amongst other things, an assessment of the locations that used cooking oil utilized in eco-friendly fuel production was collected," he said. "These investigations, however, are continuous and we are not able to talk about continuous enforcement examinations."<br>
<br>U.S. senators from farm states have required more oversight of [biofuel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) feedstocks, stating federal agencies must be as strenuous in [validating imports](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) 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 confirm, not simply trust, American producers, and it is crucial that the very same examination is applied to imported feedstocks," 6 U.S. senators, led by [Roger Marshall](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) and [Sherrod](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) Brown, [composed](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) in a June 20 letter to federal companies.<br>
<br>Another letter from 15 senators to the [Treasury Department](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) on July 30 urged the administration to omit imported feedstocks like UCO from an extra tidy fuel tax credit program passed in the Act. (Reporting by Leah Douglas in Washington Editing by Richard Valdmanis and Matthew Lewis)<br>