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

Connie Beall
2025-01-12 04:38:28 +09:00
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US-EPA-Says-it-is-Auditing-Biofuel-Producers%27-Secondhand-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 actually introduced examinations into the supply chains of at least 2 sustainable fuel manufacturers amid market [concerns](https://stocktwits.com/symbol/MNEL) that some might be utilizing deceptive feedstocks for [biodiesel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) to protect lucrative federal government subsidies.<br>
<br>EPA representative Jeffrey Landis told [Reuters](https://www.crunchbase.com/organization/mission-newenergy) that the company has launched audits over the past year, but decreased to identify the companies targeted since the [examinations](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) are continuous.<br>
<br>The of [biodiesel](https://www.crunchbase.com/organization/mission-newenergy) from [sustainable](https://www.bloomberg.com/profile/company/MNELF:US) components, like utilized cooking oil, can make refiners a variety of state and federal environmental and environment aids, [including tradable](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) credits under a program administered by the EPA called the Renewable Fuel Standard. But worries have been installing that some materials identified as used [cooking](https://www.zoominfo.com/c/mission-newenergy/346542889) oil are actually [cheaper](https://stocktwits.com/symbol/MNEL) and less [sustainable virgin](https://forest500.org/rankings/companies/mission-newenergy-limited) palm oil, a [product](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) that is connected with logging and other environmental damage.<br>
<br>The problem entered into focus following a rise in used cooking oil exports from Asia recently that analysts have said involves unrealistically high [volumes relative](https://pitchbook.com/profiles/company/51278-86) to the amount of cooking oil utilized and recuperated in the region. The European Union is also examining feedstocks over the scams issues.<br>
<br>The EPA audits began after the agency upgraded domestic supply-chain accounting [requirements](https://www.zoominfo.com/c/mission-newenergy/346542889) in July 2023 for sustainable fuel manufacturers seeking to make credits under the RFS, he said.<br>
<br>"EPA has actually conducted audits of eco-friendly fuel manufacturers since July 2023 that includes, amongst other things, an examination of the areas that utilized cooking oil used in eco-friendly fuel production was gathered," he stated. "These examinations, however, are ongoing and we are not able to talk about ongoing enforcement investigations."<br>
<br>U.S. [senators](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) from farm states have required more oversight of [biofuel](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) feedstocks, stating federal firms should be as [extensive](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) in validating imports as they are auditing domestic supply chains.<br>
<br>"The Biden administration has actually produced energetic requirements to verify, not just trust, American producers, and it is necessary that the exact same examination is applied to imported feedstocks," 6 U.S. senators, led by Roger Marshall and Sherrod Brown, composed in a June 20 letter to federal firms.<br>
<br>Another letter from 15 [senators](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) to the Treasury Department on July 30 prompted the administration to omit imported [feedstocks](https://www.zoominfo.com/c/mission-newenergy/346542889) like UCO from an additional clean [fuel tax](https://forest500.org/rankings/companies/mission-newenergy-limited) [credit program](https://forest500.org/rankings/companies/mission-newenergy-limited) passed in the [Inflation Reduction](https://pitchbook.com/profiles/company/51278-86) Act. (Reporting by Leah Douglas in Washington Editing by Richard Valdmanis and Matthew Lewis)<br>