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

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

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+<br>By Leah Douglas<br>
+<br>Aug 7 (Reuters) - The U.S. [Environmental Protection](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) Agency has actually released examinations into the [supply chains](https://pitchbook.com/profiles/company/51278-86) of a minimum of two eco-friendly fuel manufacturers in the middle of [market concerns](https://pitchbook.com/profiles/company/51278-86) that some may be utilizing [fraudulent feedstocks](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) for [biodiesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) to secure financially rewarding [federal](https://forest500.org/rankings/companies/mission-newenergy-limited) [government](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) aids.<br>
+<br>EPA representative Jeffrey [Landis informed](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) Reuters that the company has introduced audits over the past year, however declined to determine the companies targeted since the investigations are continuous.<br>
+<br>The production 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 multitude of state and federal environmental and environment aids, consisting of [tradable credits](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) under a program administered by the EPA called the Renewable Fuel [Standard](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). But worries have actually been mounting that some materials identified as utilized cooking oil are really less expensive and less sustainable virgin palm oil, a product that is associated with [logging](https://forest500.org/rankings/companies/mission-newenergy-limited) and other [ecological damage](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd).<br>
+<br>The problem entered into focus following a surge in utilized cooking oil exports from Asia in current years that [experts](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) have stated involves unrealistically high volumes relative to the amount of cooking oil used and recovered in the area. The European Union is also investigating feedstocks over the fraud issues.<br>
+<br>The EPA audits began after the firm upgraded domestic supply-chain accounting requirements in July 2023 for renewable fuel producers seeking to make credits under the RFS, he said.<br>
+<br>"EPA has conducted audits of eco-friendly fuel producers given that July 2023 that includes, amongst other things, an examination of the locations that used cooking oil used in sustainable fuel production was collected," he said. "These investigations, nevertheless, are ongoing and we are unable to discuss continuous enforcement examinations."<br>
+<br>U.S. [senators](https://www.bloomberg.com/profile/company/MNELF:US) from farm states have actually called for more oversight of [biofuel](https://www.pinterest.com.au/missionnewenergy/) feedstocks, saying federal firms should be as [extensive](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) in confirming imports as they are auditing [domestic supply](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) chains.<br>
+<br>"The Biden administration has created energetic standards to confirm, not simply trust, American producers, and it is vital that the exact same examination is used to imported feedstocks," 6 U.S. senators, led by  and [Sherrod](https://stocktwits.com/symbol/MNEL) Brown, wrote in a June 20 letter to federal firms.<br>
+<br>Another letter from 15 senators to the Treasury Department on July 30 advised the administration to leave out imported feedstocks like UCO from an extra tidy fuel tax [credit program](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) passed in the Inflation Reduction Act. (Reporting by [Leah Douglas](https://www.bloomberg.com/profile/company/MNELF:US) in Washington Editing by Richard Valdmanis and Matthew Lewis)<br>