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

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

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+<br>By Leah Douglas<br>
+<br>Aug 7 (Reuters) - The U.S. Epa has [released examinations](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) into the supply chains of a minimum of 2 eco-friendly fuel producers amidst industry issues that some may be using deceitful feedstocks for [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) to secure rewarding government aids.<br>
+<br>EPA representative Jeffrey Landis told Reuters that the firm has actually [released audits](https://forest500.org/rankings/companies/mission-newenergy-limited) over the previous year, however declined to [determine](https://www.google.com/search?kgmid=/m/0cqd_rb) the companies targeted due to the fact that the investigations are ongoing.<br>
+<br>The production of [biodiesel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) from sustainable active ingredients, like [utilized](https://www.pinterest.com.au/missionnewenergy/) cooking oil, can earn refiners a multitude of state and federal environmental and environment subsidies, [consisting](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) of tradable credits under a [program administered](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) by the EPA called the Renewable Fuel Standard. But worries have been mounting that some materials labeled as used cooking oil are really more affordable and less sustainable virgin palm oil, an item that is related to logging and other ecological damage.<br>
+<br>The [concern](https://www.businessnews.com.au/Company/Mission-NewEnergy) entered into focus following a surge in utilized cooking oil exports from Asia in recent years that analysts have said [involves unrealistically](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) high volumes relative to the quantity of cooking oil used and recuperated in the area. The European Union is also [investigating feedstocks](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) over the fraud issues.<br>
+<br>The [EPA audits](https://www.pinterest.com.au/missionnewenergy/) started after the [agency updated](https://pitchbook.com/profiles/company/51278-86) domestic supply-chain accounting requirements in July 2023 for eco-friendly fuel manufacturers looking for to  under the RFS, he stated.<br>
+<br>"EPA has actually carried out audits of renewable fuel producers because July 2023 that includes, to name a few things, an examination of the locations that used cooking oil used in eco-friendly fuel production was gathered," he stated. "These investigations, however, are ongoing and we are not able to discuss ongoing enforcement examinations."<br>
+<br>U.S. senators from farm states have actually called for more oversight of [biofuel](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) feedstocks, saying federal companies need to be as extensive in validating imports as they are [auditing domestic](https://pitchbook.com/profiles/company/51278-86) supply chains.<br>
+<br>"The Biden administration has created vigorous standards to validate, not simply trust, American producers, and it is imperative that the same analysis is used to imported feedstocks," 6 U.S. senators, led by Roger Marshall and Sherrod Brown, wrote in a June 20 letter to federal companies.<br>
+<br>Another letter from 15 senators to the Treasury Department on July 30 urged the [administration](https://www.businessnews.com.au/Company/Mission-NewEnergy) to [omit imported](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) [feedstocks](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) like UCO from an extra clean fuel tax [credit program](https://www.zoominfo.com/c/mission-newenergy/346542889) passed in the [Inflation Reduction](https://www.bloomberg.com/profile/company/MNELF:US) Act. (Reporting by Leah Douglas in Washington Editing by [Richard Valdmanis](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) and Matthew Lewis)<br>