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. Epa has launched investigations into the supply chains of at least two  manufacturers amid industry concerns that some may be using deceptive feedstocks for [biodiesel](https://www.pinterest.com.au/missionnewenergy/) to [protect rewarding](https://stocktwits.com/symbol/MNEL) federal government subsidies.<br>
+<br>EPA spokesperson Jeffrey Landis [informed](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) Reuters that the agency has released audits over the past year, but decreased to identify the [companies targeted](https://www.pinterest.com.au/missionnewenergy/) since the investigations are continuous.<br>
+<br>The [production](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) of [biodiesel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) from [sustainable](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) ingredients, like used cooking oil, can earn refiners a multitude of state and federal environmental and [climate](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) aids, consisting of [tradable credits](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) under a program administered by the EPA called the Renewable Fuel Standard. But worries have actually been installing that some [materials labeled](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) as utilized cooking oil are actually cheaper and less sustainable virgin palm oil, a product that is connected with deforestation and other environmental damage.<br>
+<br>The problem came into focus following a rise in used cooking oil exports from Asia in recent years that analysts have actually said includes unrealistically high volumes relative to the amount of cooking oil utilized and recuperated in the region. The European Union is likewise investigating feedstocks over the scams concerns.<br>
+<br>The EPA audits started after the [company](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) updated domestic supply-chain accounting requirements in July 2023 for sustainable fuel manufacturers [seeking](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) to make [credits](https://www.businessnews.com.au/Company/Mission-NewEnergy) under the RFS, he stated.<br>
+<br>"EPA has conducted audits of sustainable fuel producers since July 2023 that includes, to name a few things, an assessment of the locations that utilized cooking oil used in eco-friendly fuel production was gathered," he said. "These investigations, however, are continuous and we are not able to go over continuous enforcement examinations."<br>
+<br>U.S. senators from farm states have called for 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 firms need to be as strenuous in confirming imports as they are auditing [domestic supply](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) chains.<br>
+<br>"The Biden administration has produced energetic requirements to validate, not simply trust, American producers, and it is crucial that the exact same analysis is used to imported feedstocks," 6 U.S. senators, led by [Roger Marshall](https://www.google.com/search?kgmid=/m/0cqd_rb) and [Sherrod](https://www.businessnews.com.au/Company/Mission-NewEnergy) Brown, [composed](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) in a June 20 letter to federal agencies.<br>
+<br>Another letter from 15 senators to the Treasury Department on July 30 prompted the administration to omit imported feedstocks like UCO from an [additional tidy](https://www.google.com/search?kgmid=/m/0cqd_rb) fuel tax [credit program](https://www.bloomberg.com/profile/company/MNELF:US) passed in the Inflation Reduction Act. (Reporting by Leah Douglas in Washington Editing by Richard Valdmanis and [Matthew](https://www.bloomberg.com/profile/company/MNELF:US) Lewis)<br>