From 51cc1576f62f2add1149ebe6df0ffdd201b96814 Mon Sep 17 00:00:00 2001 From: Melisa Littlefield Date: Sat, 18 Jan 2025 07:15:14 +0000 Subject: [PATCH] Add US EPA Says it is Auditing Biofuel Producers' Secondhand Cooking Oil Supply --- ...ofuel-Producers%27-Secondhand-Cooking-Oil-Supply.md | 10 ++++++++++ 1 file changed, 10 insertions(+) create mode 100644 US-EPA-Says-it-is-Auditing-Biofuel-Producers%27-Secondhand-Cooking-Oil-Supply.md 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..e3c2b90 --- /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://pitchbook.com/profiles/company/51278-86) Agency has [released investigations](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) into the supply chains of at least two [renewable](https://forest500.org/rankings/companies/mission-newenergy-limited) fuel producers amidst [industry](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) concerns that some may be using deceitful feedstocks for [biodiesel](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) to secure profitable government aids.
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EPA representative Jeffrey Landis told [Reuters](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) that the agency has actually [launched audits](https://pitchbook.com/profiles/company/51278-86) over the past year, however declined to determine the business targeted because the examinations are ongoing.
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The production of [biodiesel](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) from sustainable active ingredients, like utilized cooking oil, can make refiners a multitude of state and federal environmental and [climate](https://www.google.com/search?kgmid=/m/0cqd_rb) subsidies, including tradable credits under a [program administered](https://www.google.com/search?kgmid=/m/0cqd_rb) by the EPA called the [Renewable Fuel](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) Standard. But fears have actually been installing that some [materials identified](https://www.crunchbase.com/organization/mission-newenergy) as used cooking oil are in fact cheaper and less [sustainable virgin](https://www.businessnews.com.au/Company/Mission-NewEnergy) palm oil, an item that is related to deforestation and other environmental damage.
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The [concern](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) came into focus following a surge in used cooking oil [exports](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) from Asia in current years that experts have actually said includes unrealistically high volumes relative to the quantity of cooking oil [utilized](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) and [recovered](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) in the area. The European Union is also investigating feedstocks over the fraud issues.
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The EPA audits started after the agency upgraded domestic supply-chain [accounting requirements](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) in July 2023 for eco-friendly fuel [manufacturers](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) looking for to earn credits under the RFS, he stated.
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"EPA has actually carried out audits of sustainable fuel producers since July 2023 which consists of, among other things, an evaluation of the locations that utilized cooking oil utilized in sustainable fuel production was collected," he said. "These examinations, however, are continuous and we are unable to discuss continuous enforcement investigations."
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U.S. senators from farm states have called for more of [biofuel](https://stocktwits.com/symbol/MNEL) feedstocks, saying federal companies ought to be as rigorous in validating imports as they are [auditing domestic](https://www.businessnews.com.au/Company/Mission-NewEnergy) supply chains.
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"The Biden administration has actually developed vigorous standards to verify, not just trust, American manufacturers, and it is necessary that the same scrutiny is applied to imported feedstocks," six U.S. senators, led by Roger Marshall and Sherrod Brown, wrote in a June 20 letter to federal agencies.
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Another letter from 15 senators to the Treasury Department on July 30 advised the administration to exclude imported feedstocks like UCO from an additional clean fuel tax credit program passed in the Inflation Reduction Act. (Reporting by Leah Douglas in Washington Editing by Richard Valdmanis and Matthew Lewis)
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