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Add US EPA Says it is Auditing Biofuel Producers' Pre-owned Cooking Oil Supply

Nadia Reeves 2025-01-22 18:39:52 +00:00
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US EPA Says it is Auditing Biofuel Producers%27 Pre-owned Cooking Oil Supply.-.md Normal file

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<br>By Leah Douglas<br>
<br>Aug 7 (Reuters) - The U.S. [Environmental Protection](https://www.bloomberg.com/profile/company/MNELF:US) Agency has actually introduced examinations into the supply chains of at least two eco-friendly fuel manufacturers amid market concerns that some might be utilizing fraudulent [feedstocks](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) for [biodiesel](https://www.businessnews.com.au/Company/Mission-NewEnergy) to secure [profitable federal](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) government aids.<br>
<br>EPA representative Jeffrey Landis informed Reuters that the firm has actually [released audits](https://forest500.org/rankings/companies/mission-newenergy-limited) over the past year, however [declined](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) to [recognize](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) the business targeted because the investigations are .<br>
<br>The production of [biodiesel](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) from sustainable components, like utilized cooking oil, can earn refiners a [multitude](https://pitchbook.com/profiles/company/51278-86) of state and federal ecological and environment aids, including tradable [credits](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) under a program administered by the EPA called the [Renewable Fuel](https://www.bloomberg.com/profile/company/MNELF:US) Standard. But fears have actually been installing that some products identified as used cooking oil are really less [expensive](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) and less sustainable virgin palm oil, an item that is associated with logging and other environmental damage.<br>
<br>The issue entered focus following a surge in utilized cooking oil exports from Asia in the last few years that analysts have said includes [unrealistically](https://www.pinterest.com.au/missionnewenergy/) high volumes relative to the amount of cooking oil used and recovered in the region. The European Union is also investigating feedstocks over the fraud issues.<br>
<br>The EPA audits started after the agency upgraded domestic supply-chain accounting requirements in July 2023 for [eco-friendly](https://www.businessnews.com.au/Company/Mission-NewEnergy) fuel manufacturers looking for to make [credits](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) under the RFS, he said.<br>
<br>"EPA has actually performed audits of eco-friendly fuel manufacturers because July 2023 which consists of, amongst other things, an evaluation of the locations that utilized cooking oil used in eco-friendly fuel production was gathered," he said. "These examinations, however, are continuous and we are unable to go over continuous enforcement investigations."<br>
<br>U.S. senators from farm states have called for more oversight of [biofuel](https://www.businessnews.com.au/Company/Mission-NewEnergy) feedstocks, saying federal companies need to be as extensive in verifying imports as they are auditing [domestic supply](https://www.crunchbase.com/organization/mission-newenergy) chains.<br>
<br>"The Biden administration has produced vigorous standards to verify, not just trust, American manufacturers, and it is necessary that the very same analysis is used to imported feedstocks," 6 U.S. senators, led by [Roger Marshall](https://www.pinterest.com.au/missionnewenergy/) and [Sherrod](https://pitchbook.com/profiles/company/51278-86) Brown, wrote in a June 20 letter to federal firms.<br>
<br>Another letter from 15 senators to the Treasury Department on July 30 advised the administration to exclude imported [feedstocks](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) like UCO from an [additional clean](https://forest500.org/rankings/companies/mission-newenergy-limited) fuel tax credit program passed in the Inflation Reduction Act. (Reporting by Leah Douglas in Washington Editing by Richard Valdmanis and Matthew Lewis)<br>