commit 2f201b399e8355bdf75fb8fb75ca35cf13ee8922 Author: Edwin Colmenero Date: Mon Jan 13 02:34:46 2025 +0000 Add US EPA Says it is Auditing Biofuel Producers' Secondhand Cooking Oil Supply diff --git a/US-EPA-Says-it-is-Auditing-Biofuel-Producers%27-Secondhand-Cooking-Oil-Supply.md b/US-EPA-Says-it-is-Auditing-Biofuel-Producers%27-Secondhand-Cooking-Oil-Supply.md new file mode 100644 index 0000000..8d5df82 --- /dev/null +++ b/US-EPA-Says-it-is-Auditing-Biofuel-Producers%27-Secondhand-Cooking-Oil-Supply.md @@ -0,0 +1,10 @@ +
By Leah Douglas
+
Aug 7 (Reuters) - The U.S. [Environmental Protection](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) Agency has actually introduced investigations into the supply chains of at least 2 [renewable](https://www.google.com/search?kgmid=/m/0cqd_rb) fuel producers amidst [industry concerns](https://www.google.com/search?kgmid=/m/0cqd_rb) that some may be using [deceptive](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) [feedstocks](https://forest500.org/rankings/companies/mission-newenergy-limited) for [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) to protect lucrative government aids.
+
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 agency has launched audits over the previous year, but declined to identify the companies targeted due to the fact that the examinations are ongoing.
+
The production of [biodiesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) from sustainable ingredients, like used cooking oil, can earn refiners a multitude of state and federal environmental and climate subsidies, including tradable credits under a program administered by the EPA called the Renewable Fuel [Standard](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053). But [worries](https://www.bloomberg.com/profile/company/MNELF:US) have been installing that some supplies labeled as used cooking oil are in fact cheaper and less sustainable virgin palm oil, an item that is associated with logging and other ecological damage.
+
The problem entered into focus following a surge in used cooking oil exports from Asia over the last few years that [analysts](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) have stated includes unrealistically high volumes relative to the amount of cooking oil utilized and [recovered](https://pitchbook.com/profiles/company/51278-86) in the region. The European Union is also [investigating](https://www.businessnews.com.au/Company/Mission-NewEnergy) feedstocks over the fraud concerns.
+
The EPA audits began after the firm updated domestic supply-chain accounting in July 2023 for eco-friendly fuel producers looking for to make [credits](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) under the RFS, he said.
+
"EPA has actually performed audits of renewable fuel producers given that July 2023 that includes, among other things, an evaluation of the areas that utilized cooking oil used in eco-friendly fuel production was collected," he stated. "These investigations, nevertheless, are ongoing and we are not able to talk about ongoing enforcement investigations."
+
U.S. senators from farm states have called for more oversight of [biofuel](https://stocktwits.com/symbol/MNEL) feedstocks, saying federal firms should be as rigorous in confirming imports as they are auditing domestic supply chains.
+
"The Biden administration has produced energetic standards to confirm, not simply trust, American producers, and it is essential that the same examination is applied to imported feedstocks," six U.S. senators, led by Roger Marshall and [Sherrod](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) Brown, wrote in a June 20 letter to federal agencies.
+
Another letter from 15 senators to the Treasury Department on July 30 urged the administration to omit imported [feedstocks](https://forest500.org/rankings/companies/mission-newenergy-limited) like UCO from an [extra clean](https://www.google.com/search?kgmid=/m/0cqd_rb) fuel tax credit program passed in the Inflation Reduction Act. ([Reporting](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) by [Leah Douglas](https://pitchbook.com/profiles/company/51278-86) in Washington Editing by Richard Valdmanis and [Matthew](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) Lewis)
\ No newline at end of file