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.energy-xprt.com/companies/mission-newenergy-limited-36048) Agency has actually  into the [supply chains](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) of a minimum of two renewable fuel [manufacturers](https://www.zoominfo.com/c/mission-newenergy/346542889) in the middle of market concerns that some might be utilizing deceptive feedstocks for [biodiesel](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) to secure rewarding federal government subsidies.<br>
+<br>EPA spokesperson Jeffrey Landis informed Reuters that the firm has released audits over the past year, but declined to recognize the [business targeted](https://www.bloomberg.com/profile/company/MNELF:US) because the investigations are ongoing.<br>
+<br>The production of [biodiesel](https://www.google.com/search?kgmid=/m/0cqd_rb) from sustainable ingredients, like utilized cooking oil, can make refiners a variety of state and federal ecological and climate subsidies, including tradable credits under a program administered by the EPA called the Renewable Fuel Standard. But [worries](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) have actually been [mounting](https://www.zoominfo.com/c/mission-newenergy/346542889) that some supplies identified as used [cooking oil](https://www.google.com/search?kgmid=/m/0cqd_rb) are in fact cheaper and less sustainable virgin palm oil, an item that is related to [logging](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) and other [ecological damage](https://www.businessnews.com.au/Company/Mission-NewEnergy).<br>
+<br>The problem came into focus following a rise in used cooking oil exports from Asia in recent years that analysts have stated involves unrealistically high volumes relative to the quantity of cooking oil utilized and recovered in the area. The European Union is also examining feedstocks over the scams issues.<br>
+<br>The EPA audits started after the [company](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) upgraded domestic supply-chain accounting requirements in July 2023 for eco-friendly fuel manufacturers looking for to make [credits](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) under the RFS, he said.<br>
+<br>"EPA has actually carried out audits of sustainable fuel producers since July 2023 that includes, among other things, an examination of the places that used cooking oil used in eco-friendly fuel production was collected," he said. "These examinations, nevertheless, are continuous and we are not able to discuss continuous enforcement investigations."<br>
+<br>U.S. senators from farm states have actually required more oversight of [biofuel](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) feedstocks, saying [federal agencies](https://www.bloomberg.com/profile/company/MNELF:US) should be as strenuous in validating imports as they are auditing domestic supply chains.<br>
+<br>"The Biden administration has actually produced vigorous requirements to confirm, not simply trust, American manufacturers, and it is imperative that the exact same analysis is applied to imported feedstocks," 6 U.S. senators, led by Roger Marshall and Sherrod Brown, wrote in a June 20 letter to [federal agencies](https://stocktwits.com/symbol/MNEL).<br>
+<br>Another letter from 15 senators to the [Treasury Department](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) on July 30 prompted the [administration](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) to omit imported [feedstocks](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) like UCO from an [additional tidy](https://www.businessnews.com.au/Company/Mission-NewEnergy) fuel tax credit program passed in the Inflation Reduction Act. (Reporting by Leah Douglas in Washington [Editing](https://www.google.com/search?kgmid=/m/0cqd_rb) by Richard Valdmanis and Matthew Lewis)<br>