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. Environmental Protection Agency has launched investigations into the supply chains of a minimum of two [renewable](https://www.bloomberg.com/profile/company/MNELF:US) fuel [producers](https://forest500.org/rankings/companies/mission-newenergy-limited) in the middle of industry concerns that some might be utilizing fraudulent feedstocks for [biodiesel](https://www.zoominfo.com/c/mission-newenergy/346542889) to [protect profitable](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) federal government aids.<br>
+<br>EPA spokesperson [Jeffrey Landis](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) [informed](https://www.bloomberg.com/profile/company/MNELF:US) Reuters that the company has launched audits over the previous year, however [decreased](https://www.bloomberg.com/profile/company/MNELF:US) to determine the companies targeted due to the fact that the investigations are ongoing.<br>
+<br>The production of [biodiesel](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) from [sustainable active](https://stocktwits.com/symbol/MNEL) ingredients, like utilized cooking oil, can make refiners a multitude of state and federal ecological and climate subsidies, consisting of tradable credits under a program administered by the EPA called the Renewable Fuel Standard. But [worries](https://www.bloomberg.com/profile/company/MNELF:US) have actually been mounting that some materials identified as used cooking oil are in fact less expensive and less sustainable virgin palm oil, a product that is connected with logging and other environmental damage.<br>
+<br>The problem entered into focus following a rise in [utilized cooking](https://www.crunchbase.com/organization/mission-newenergy) oil exports from Asia recently that experts have [stated involves](https://pitchbook.com/profiles/company/51278-86) unrealistically high [volumes relative](https://www.businessnews.com.au/Company/Mission-NewEnergy) to the amount of cooking oil used and recuperated in the region. The European Union is also examining feedstocks over the fraud .<br>
+<br>The EPA audits began after the [company](https://www.bloomberg.com/profile/company/MNELF:US) upgraded domestic supply-chain accounting requirements in July 2023 for renewable fuel manufacturers seeking to earn credits under the RFS, he stated.<br>
+<br>"EPA has actually carried out audits of sustainable fuel producers since July 2023 which includes, to name a few things, an assessment of the places that utilized cooking oil used in eco-friendly fuel production was collected," he stated. "These examinations, nevertheless, are continuous and we are not able to talk about continuous enforcement examinations."<br>
+<br>U.S. senators from farm states have called for more oversight of [biofuel](https://www.crunchbase.com/organization/mission-newenergy) feedstocks, saying federal companies ought to be as strenuous in verifying imports as they are [auditing domestic](https://www.businessnews.com.au/Company/Mission-NewEnergy) [supply chains](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/).<br>
+<br>"The Biden administration has actually developed energetic standards to validate, not simply trust, American producers, and it is vital that the same analysis is used to imported feedstocks," 6 U.S. senators, led by Roger Marshall and [Sherrod](https://www.pinterest.com.au/missionnewenergy/) Brown, wrote in a June 20 letter to federal agencies.<br>
+<br>Another letter from 15 [senators](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) to the Treasury Department on July 30 [prompted](https://pitchbook.com/profiles/company/51278-86) the administration to exclude imported feedstocks like UCO from an extra clean fuel tax credit program passed in the Inflation Reduction Act. ([Reporting](https://www.google.com/search?kgmid=/m/0cqd_rb) by Leah Douglas in Washington Editing by Richard Valdmanis and Matthew Lewis)<br>