diff --git a/US-EPA-Says-it-is-Auditing-Biofuel-Producers%27-Secondhand-Cooking-Oil-Supply.md b/US-EPA-Says-it-is-Auditing-Biofuel-Producers%27-Secondhand-Cooking-Oil-Supply.md new file mode 100644 index 0000000..2fb29f7 --- /dev/null +++ b/US-EPA-Says-it-is-Auditing-Biofuel-Producers%27-Secondhand-Cooking-Oil-Supply.md @@ -0,0 +1,10 @@ +
By Leah Douglas
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Aug 7 (Reuters) - The U.S. [Environmental Protection](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) Agency has actually [released investigations](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) into the supply chains of a minimum of 2 renewable [fuel producers](https://www.pinterest.com.au/missionnewenergy/) in the middle of industry issues that some may be utilizing [fraudulent feedstocks](https://forest500.org/rankings/companies/mission-newenergy-limited) for [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) to secure rewarding government aids.
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EPA spokesperson Jeffrey Landis informed Reuters that the agency has [released audits](https://pitchbook.com/profiles/company/51278-86) over the past year, but decreased to recognize the companies targeted since the examinations are ongoing.
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The [production](https://forest500.org/rankings/companies/mission-newenergy-limited) of [biodiesel](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) from sustainable components, like used cooking oil, can make refiners a multitude of state and [federal ecological](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) and [climate](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) aids, including tradable credits under a [program administered](https://www.pinterest.com.au/missionnewenergy/) by the EPA called the Renewable Fuel [Standard](https://www.crunchbase.com/organization/mission-newenergy). But worries have actually been [mounting](https://www.pinterest.com.au/missionnewenergy/) that some supplies labeled as utilized cooking oil are actually cheaper and less [sustainable virgin](https://pitchbook.com/profiles/company/51278-86) palm oil, an item that is associated with logging and other [environmental damage](https://www.pinterest.com.au/missionnewenergy/).
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The problem entered into focus following a rise in utilized cooking [oil exports](https://stocktwits.com/symbol/MNEL) from Asia in current years that experts have actually said involves unrealistically high volumes relative to the quantity of cooking oil utilized and recovered in the area. The European Union is likewise examining feedstocks over the fraud issues.
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The [EPA audits](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) started after the firm upgraded domestic supply-chain accounting requirements in July 2023 for renewable fuel producers [seeking](https://www.crunchbase.com/organization/mission-newenergy) to make credits under the RFS, he said.
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"EPA has actually conducted audits of sustainable fuel producers because July 2023 which consists of, to name a few things, an evaluation of the areas that used cooking oil utilized in renewable fuel production was collected," he said. "These investigations, however, are continuous and we are unable to go over ongoing enforcement investigations."
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U.S. senators from farm states have actually called for more oversight of [biofuel](https://www.google.com/search?kgmid=/m/0cqd_rb) feedstocks, stating federal firms should be as strenuous in verifying imports as they are supply chains.
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"The Biden administration has actually developed energetic standards to verify, not just trust, American manufacturers, and it is vital that the same analysis is used to imported feedstocks," six U.S. senators, led by Roger Marshall and Sherrod Brown, composed in a June 20 letter to federal companies.
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Another letter from 15 senators to the Treasury Department on July 30 advised the administration to omit imported [feedstocks](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) like UCO from an extra clean fuel tax credit [program passed](https://www.crunchbase.com/organization/mission-newenergy) in the Inflation Reduction Act. (Reporting by Leah Douglas in Washington Editing by Richard Valdmanis and Matthew Lewis)
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