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

US-EPA-Says-it-is-Auditing-Biofuel-Producers%27-Secondhand-Cooking-Oil-Supply.md

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+<br>By Leah Douglas<br>
+<br>Aug 7 (Reuters) - The U.S. Environmental Protection Agency has launched examinations into the supply chains of at least 2 eco-friendly fuel producers in the middle of market issues that some may be using [deceitful feedstocks](https://www.zoominfo.com/c/mission-newenergy/346542889) for [biodiesel](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) to secure financially rewarding federal government aids.<br>
+<br>EPA representative Jeffrey Landis told Reuters that the company has introduced audits over the past year, however declined to identify the [companies targeted](https://forest500.org/rankings/companies/mission-newenergy-limited) since the investigations are continuous.<br>
+<br>The production of [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) from [sustainable](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) ingredients, like [utilized cooking](https://www.zoominfo.com/c/mission-newenergy/346542889) oil, can earn  a multitude of state and federal environmental and environment aids, [consisting](https://www.zoominfo.com/c/mission-newenergy/346542889) of tradable credits under a program administered by the EPA called the Renewable Fuel Standard. But worries have actually been mounting that some products labeled as [utilized cooking](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) oil are actually less expensive and less sustainable virgin palm oil, an item that is associated with [logging](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) and other environmental damage.<br>
+<br>The issue came into focus following a surge in utilized cooking oil exports from Asia in the last few years that [analysts](https://forest500.org/rankings/companies/mission-newenergy-limited) have said involves unrealistically high volumes relative to the amount of cooking oil utilized and recovered in the region. The European Union is likewise examining feedstocks over the scams issues.<br>
+<br>The EPA audits started after the [company](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) upgraded domestic supply-chain accounting requirements in July 2023 for eco-friendly fuel manufacturers looking for to make credits under the RFS, he said.<br>
+<br>"EPA has performed audits of sustainable fuel producers given that July 2023 which includes, among other things, an examination of the locations that used cooking oil used in eco-friendly fuel production was gathered," he said. "These examinations, however, are ongoing and we are unable to discuss ongoing enforcement examinations."<br>
+<br>U.S. [senators](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) from farm states have actually called for more oversight of [biofuel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) feedstocks, saying federal agencies need to be as strenuous in confirming imports as they are [auditing](https://www.bloomberg.com/profile/company/MNELF:US) domestic supply chains.<br>
+<br>"The Biden administration has created energetic standards to confirm, not simply trust, American producers, and it is imperative that the same analysis is applied to imported feedstocks," 6 U.S. senators, led by Roger Marshall and Sherrod Brown, composed in a June 20 letter to [federal companies](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html).<br>
+<br>Another letter from 15 senators to the [Treasury Department](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) on July 30 urged the [administration](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 leave out [imported feedstocks](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) like UCO from an extra tidy [fuel tax](https://www.google.com/search?kgmid=/m/0cqd_rb) [credit program](https://www.bloomberg.com/profile/company/MNELF:US) passed in the Inflation Reduction Act. (Reporting by [Leah Douglas](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) in Washington Editing by Richard Valdmanis and Matthew Lewis)<br>