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](https://pitchbook.com/profiles/company/51278-86) Agency has actually [released investigations](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) into the supply chains of at least 2 eco-friendly fuel [manufacturers](https://www.bloomberg.com/profile/company/MNELF:US) amidst industry issues that some may be using deceitful feedstocks for [biodiesel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) to protect rewarding [government subsidies](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).<br>
+<br>EPA representative Jeffrey Landis informed Reuters that the firm has actually released audits over the previous year, however declined to identify the companies targeted since the investigations are continuous.<br>
+<br>The production of [biodiesel](https://www.crunchbase.com/organization/mission-newenergy) from sustainable ingredients, like [utilized cooking](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) oil, can make refiners a variety of state and federal environmental and [climate](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) aids, including tradable credits under a  by the EPA called the Renewable Fuel [Standard](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). But worries have actually been mounting that some products labeled as utilized cooking oil are in fact cheaper and less [sustainable virgin](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) palm oil, an item that is connected with logging and other ecological damage.<br>
+<br>The issue entered into focus following a rise in utilized cooking oil [exports](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) from Asia in current years that [experts](https://pitchbook.com/profiles/company/51278-86) have said involves unrealistically high volumes relative to the quantity of cooking oil utilized and [recovered](https://www.google.com/search?kgmid=/m/0cqd_rb) in the area. The European Union is likewise investigating feedstocks over the scams concerns.<br>
+<br>The [EPA audits](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) started after the company [upgraded domestic](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) supply-chain [accounting](https://www.pinterest.com.au/missionnewenergy/) requirements in July 2023 for renewable fuel producers looking for to make credits under the RFS, he stated.<br>
+<br>"EPA has conducted audits of sustainable fuel manufacturers since July 2023 that includes, to name a few things, an evaluation of the places 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 discuss ongoing enforcement examinations."<br>
+<br>U.S. senators from farm states have required more [oversight](https://www.bloomberg.com/profile/company/MNELF:US) of [biofuel](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) feedstocks, saying federal agencies need to be as [extensive](https://www.pinterest.com.au/missionnewenergy/) in validating imports as they are auditing domestic supply chains.<br>
+<br>"The Biden administration has actually developed energetic requirements to verify, not just 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 Brown, composed in a June 20 letter to federal firms.<br>
+<br>Another letter from 15 senators to the Treasury Department on July 30 prompted the administration to exclude imported [feedstocks](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) like UCO from an additional tidy fuel tax credit program passed in the [Inflation Reduction](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) Act. (Reporting by Leah Douglas in Washington Editing by Richard Valdmanis and Matthew Lewis)<br>