From aef445dc5411ac4dee7b34969d5639bb40e82770 Mon Sep 17 00:00:00 2001 From: Douglas Corbo Date: Sun, 12 Jan 2025 11:14:36 +0000 Subject: [PATCH] Update 'US EPA Says it is Auditing Biofuel Producers' used Cooking Oil Supply' --- ...ing-Biofuel-Producers%27-used-Cooking-Oil-Supply.md | 10 ++++++++++ 1 file changed, 10 insertions(+) create mode 100644 US-EPA-Says-it-is-Auditing-Biofuel-Producers%27-used-Cooking-Oil-Supply.md diff --git a/US-EPA-Says-it-is-Auditing-Biofuel-Producers%27-used-Cooking-Oil-Supply.md b/US-EPA-Says-it-is-Auditing-Biofuel-Producers%27-used-Cooking-Oil-Supply.md new file mode 100644 index 0000000..4525e1f --- /dev/null +++ b/US-EPA-Says-it-is-Auditing-Biofuel-Producers%27-used-Cooking-Oil-Supply.md @@ -0,0 +1,10 @@ +
By Leah Douglas
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Aug 7 (Reuters) - The U.S. [Environmental Protection](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) Agency has actually [launched investigations](https://www.bloomberg.com/profile/company/MNELF:US) into the [supply chains](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) of a minimum of two [sustainable](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) [fuel producers](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) in the middle of industry issues that some may be utilizing fraudulent feedstocks for [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) to secure financially rewarding federal government aids.
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EPA representative Jeffrey Landis told [Reuters](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) that the agency has [released audits](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) over the past year, however [decreased](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) to [identify](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) the business targeted since the examinations are ongoing.
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The production of [biodiesel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) from sustainable active ingredients, like [utilized cooking](https://www.pinterest.com.au/missionnewenergy/) oil, can make refiners a multitude of state and federal environmental and environment subsidies, including tradable credits under a program administered by the EPA called the Renewable Fuel Standard. But worries have actually been mounting that some materials labeled as used cooking oil are in fact cheaper and less sustainable virgin palm oil, a product that is related to deforestation and other ecological damage.
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The concern entered into focus following a surge in utilized cooking oil exports from Asia in current years that analysts have actually said includes unrealistically high volumes relative to the [quantity](https://www.businessnews.com.au/Company/Mission-NewEnergy) of [cooking oil](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) utilized and [recovered](https://www.businessnews.com.au/Company/Mission-NewEnergy) in the area. The European Union is likewise investigating feedstocks over the fraud concerns.
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The EPA audits started after the agency upgraded domestic supply-chain accounting requirements in July 2023 for eco-friendly fuel manufacturers looking for to earn credits under the RFS, he said.
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"EPA has carried out audits of sustainable fuel manufacturers since July 2023 which includes, among other things, an examination of the areas that used cooking oil utilized in eco-friendly fuel production was collected," he said. "These examinations, nevertheless, are ongoing and we are unable to go over ongoing enforcement examinations."
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U.S. senators from farm states have actually required more oversight of [biofuel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) feedstocks, stating federal agencies need to be as extensive in [verifying imports](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) as they are auditing domestic supply chains.
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"The Biden administration has actually created vigorous requirements to verify, not just trust, American producers, and it is imperative that the same scrutiny is used to imported feedstocks," 6 U.S. senators, led by Roger Marshall and [Sherrod](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) Brown, in a June 20 letter to federal companies.
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Another letter from 15 senators to the [Treasury Department](https://www.google.com/search?kgmid=/m/0cqd_rb) on July 30 [advised](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) the administration to omit imported feedstocks like UCO from an [extra tidy](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) fuel tax credit program passed in the Inflation Reduction Act. (Reporting by Leah Douglas in Washington Editing by Richard Valdmanis and Matthew Lewis)
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