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

Jacelyn Moultrie 2025-01-12 04:42:46 +00:00
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US-EPA-Says-it-is-Auditing-Biofuel-Producers%27-used-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 [launched examinations](https://pitchbook.com/profiles/company/51278-86) into the supply chains of at least 2 renewable fuel producers amidst industry concerns that some may be utilizing deceptive [feedstocks](https://www.crunchbase.com/organization/mission-newenergy) for [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) to protect rewarding government subsidies.<br>
<br>EPA representative Jeffrey Landis told Reuters that the firm has actually launched audits over the past year, however declined to determine the [companies targeted](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) due to the fact that the examinations are continuous.<br>
<br>The [production](https://forest500.org/rankings/companies/mission-newenergy-limited) of [biodiesel](https://www.google.com/search?kgmid=/m/0cqd_rb) from sustainable components, like used [cooking](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) oil, can earn refiners a multitude of state and [federal environmental](https://stocktwits.com/symbol/MNEL) and environment subsidies, including tradable credits under a [program administered](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) by the EPA called the Renewable Fuel Standard. But worries have been mounting that some [supplies labeled](https://www.google.com/search?kgmid=/m/0cqd_rb) as used [cooking](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) oil are really cheaper and less sustainable virgin palm oil, a product that is connected with logging and other ecological damage.<br>
<br>The issue entered into focus following a rise in utilized cooking oil [exports](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) from Asia over the last few years that experts have said includes unrealistically high volumes relative to the amount of [cooking](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) oil used and recovered in the area. The European Union is likewise investigating feedstocks over the [scams concerns](https://www.businessnews.com.au/Company/Mission-NewEnergy).<br>
<br>The EPA audits started after the agency upgraded domestic supply-chain accounting requirements in July 2023 for renewable fuel manufacturers looking for to under the RFS, he stated.<br>
<br>"EPA has actually performed audits of sustainable fuel producers since July 2023 that includes, among other things, an assessment of the areas that utilized cooking oil utilized in sustainable fuel production was gathered," he said. "These examinations, nevertheless, are continuous and we are unable to discuss ongoing enforcement investigations."<br>
<br>U.S. senators from farm states have actually required more [oversight](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) of [biofuel](https://stocktwits.com/symbol/MNEL) feedstocks, saying federal companies ought to be as rigorous in verifying imports as they are auditing [domestic supply](https://stocktwits.com/symbol/MNEL) chains.<br>
<br>"The Biden administration has produced vigorous standards to confirm, not simply trust, American manufacturers, and it is crucial that the very same analysis is used to imported feedstocks," six U.S. senators, led by [Roger Marshall](https://www.bloomberg.com/profile/company/MNELF:US) and [Sherrod](https://pitchbook.com/profiles/company/51278-86) Brown, wrote in a June 20 letter to [federal firms](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608).<br>
<br>Another letter from 15 senators to the Treasury Department on July 30 urged the administration to [omit imported](https://www.zoominfo.com/c/mission-newenergy/346542889) feedstocks like UCO from an additional tidy fuel tax credit program passed in the Inflation Reduction Act. (Reporting by Leah Douglas in Washington Editing by Richard Valdmanis and Matthew Lewis)<br>