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+<br>By Leah Douglas<br>
+<br>Aug 7 (Reuters) - The U.S. [Environmental Protection](https://www.zoominfo.com/c/mission-newenergy/346542889) Agency has actually introduced investigations into the [supply chains](https://www.google.com/search?kgmid=/m/0cqd_rb) of at least 2 sustainable fuel producers in the middle of industry concerns that some might be utilizing fraudulent [feedstocks](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) for [biodiesel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) to secure profitable government subsidies.<br>
+<br>EPA spokesperson Jeffrey Landis told Reuters that the [company](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) has actually launched audits over the previous year, however declined to recognize the companies targeted since the examinations are ongoing.<br>
+<br>The production of [biodiesel](https://www.zoominfo.com/c/mission-newenergy/346542889) from sustainable active ingredients, like utilized cooking oil, can earn refiners a slew of state and federal environmental and climate subsidies, consisting of tradable credits under a [program](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) administered by the EPA called the Renewable Fuel Standard. But fears have actually been [mounting](https://www.bloomberg.com/profile/company/MNELF:US) that some products identified as utilized cooking oil are really cheaper and less sustainable virgin palm oil, a [product](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) that is related to deforestation and other environmental damage.<br>
+<br>The problem entered into focus following a rise in [utilized cooking](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) oil exports from Asia recently that [experts](https://www.zoominfo.com/c/mission-newenergy/346542889) have said involves unrealistically high volumes relative to the [quantity](https://www.pinterest.com.au/missionnewenergy/) of [cooking oil](https://www.pinterest.com.au/missionnewenergy/) used and  in the region. The European Union is also [investigating feedstocks](https://www.google.com/search?kgmid=/m/0cqd_rb) over the fraud concerns.<br>
+<br>The EPA audits began after the [agency updated](https://www.pinterest.com.au/missionnewenergy/) domestic supply-chain accounting requirements in July 2023 for eco-friendly fuel producers seeking to earn [credits](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) under the RFS, he stated.<br>
+<br>"EPA has actually conducted audits of renewable fuel manufacturers considering that July 2023 which consists of, among other things, an assessment of the places 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 go over continuous enforcement examinations."<br>
+<br>U.S. senators from farm states have actually required more [oversight](https://www.pinterest.com.au/missionnewenergy/) of [biofuel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) feedstocks, saying federal companies must be as rigorous in verifying imports as they are [auditing domestic](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) supply chains.<br>
+<br>"The Biden administration has actually produced vigorous requirements to validate, not just trust, American producers, and it is essential that the very same examination is used to imported feedstocks," six U.S. senators, led by Roger Marshall and [Sherrod](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) Brown, [composed](https://www.crunchbase.com/organization/mission-newenergy) in a June 20 letter to federal agencies.<br>
+<br>Another letter from 15 senators to the Treasury Department on July 30 advised the administration to leave out imported feedstocks like UCO from an extra clean fuel tax credit program passed in the Inflation Reduction Act. (Reporting by Leah Douglas in Washington Editing by Richard Valdmanis and Matthew Lewis)<br>
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