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

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Abdul O'Conor 2025-01-11 19:23:14 +01:00
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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](https://pitchbook.com/profiles/company/51278-86) Agency has introduced investigations into the supply chains of at least two renewable fuel producers amid industry concerns that some might be using deceptive feedstocks for [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) to secure financially rewarding federal government aids.<br>
<br>EPA spokesperson Jeffrey Landis told [Reuters](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) that the company has actually [introduced audits](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) over the previous year, however decreased to recognize the companies targeted because the [examinations](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) are ongoing.<br>
<br>The production of [biodiesel](https://www.bloomberg.com/profile/company/MNELF:US) from sustainable active ingredients, like used cooking oil, can make [refiners](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) a multitude of state and federal ecological and subsidies, including tradable [credits](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) under a program administered by the EPA called the Renewable Fuel Standard. But fears have actually been [mounting](https://www.zoominfo.com/c/mission-newenergy/346542889) that some materials identified as utilized cooking oil are really cheaper and less sustainable virgin palm oil, a product that is connected with deforestation and other [ecological damage](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price).<br>
<br>The issue entered into focus following a rise in used cooking oil exports from Asia in current years that analysts have actually [stated involves](https://www.crunchbase.com/organization/mission-newenergy) unrealistically high volumes relative to the amount of [cooking](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) oil used and recovered in the region. The European Union is also examining feedstocks over the [scams concerns](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price).<br>
<br>The EPA audits started after the firm upgraded domestic [supply-chain accounting](https://pitchbook.com/profiles/company/51278-86) [requirements](https://www.zoominfo.com/c/mission-newenergy/346542889) in July 2023 for renewable fuel [producers](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) looking for to make credits under the RFS, he said.<br>
<br>"EPA has actually carried out audits of sustainable fuel manufacturers since July 2023 which consists of, to name a few things, an examination of the locations that used cooking oil used in renewable fuel production was gathered," he said. "These examinations, nevertheless, are ongoing and we are not able to discuss continuous enforcement examinations."<br>
<br>U.S. senators from farm states have actually called for more [oversight](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) of [biofuel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) feedstocks, saying federal companies need to be as [extensive](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) in [confirming imports](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) as they are auditing domestic supply chains.<br>
<br>"The Biden administration has developed energetic standards to confirm, not simply trust, American manufacturers, and it is vital that the very same scrutiny is applied to imported feedstocks," six U.S. senators, led by Roger Marshall and Sherrod Brown, composed in a June 20 letter to federal agencies.<br>
<br>Another letter from 15 senators to the Treasury Department on July 30 urged the administration to leave out imported feedstocks like UCO from an extra tidy fuel tax credit program passed in the Inflation Reduction Act. (Reporting by Leah Douglas in [Washington Editing](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) by Richard Valdmanis and Matthew Lewis)<br>