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Add US EPA Says it is Auditing Biofuel Producers' Pre-owned Cooking Oil Supply

Gail Zachary 2025-01-14 01:39:57 +08:00
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US EPA Says it is Auditing Biofuel Producers%27 Pre-owned Cooking Oil Supply.-.md Normal file

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<br>By Leah Douglas<br>
<br>Aug 7 (Reuters) - The U.S. Epa has actually launched investigations into the supply chains of at least two renewable fuel manufacturers amidst industry concerns that some may be using deceptive feedstocks for [biodiesel](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) to government aids.<br>
<br>EPA [representative Jeffrey](https://www.google.com/search?kgmid=/m/0cqd_rb) Landis told [Reuters](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) that the company has actually launched audits over the past year, but decreased to recognize the companies targeted because the examinations are [ongoing](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html).<br>
<br>The production of [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) from [sustainable](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) components, like used cooking oil, can make [refiners](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) a slew of state and [federal environmental](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) and climate aids, [consisting](https://stocktwits.com/symbol/MNEL) of tradable credits under a program administered by the EPA called the Renewable Fuel Standard. But fears have been mounting that some products labeled as utilized cooking oil are actually more affordable and less [sustainable virgin](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) palm oil, an item that is related to logging and other environmental damage.<br>
<br>The concern entered into focus following a surge in used [cooking oil](https://www.crunchbase.com/organization/mission-newenergy) exports from Asia in the last few years that experts have actually said includes unrealistically high volumes relative to the amount of cooking oil utilized and recuperated in the area. The European Union is likewise investigating feedstocks over the scams concerns.<br>
<br>The EPA audits began after the [firm updated](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) domestic supply-chain accounting requirements in July 2023 for [renewable fuel](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) [producers](https://www.crunchbase.com/organization/mission-newenergy) looking for to earn credits under the RFS, he said.<br>
<br>"EPA has actually carried out audits of eco-friendly fuel manufacturers considering that July 2023 which consists of, to name a few things, an evaluation of the locations that used cooking oil used in renewable fuel production was gathered," he said. "These examinations, however, are ongoing and we are unable to discuss continuous enforcement examinations."<br>
<br>U.S. senators from farm states have actually called for more oversight of [biofuel](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) feedstocks, [stating federal](https://forest500.org/rankings/companies/mission-newenergy-limited) companies ought to be as rigorous in confirming imports as they are [auditing domestic](https://forest500.org/rankings/companies/mission-newenergy-limited) supply chains.<br>
<br>"The Biden administration has created vigorous requirements to validate, not just trust, American manufacturers, and it is necessary that the same examination is used to imported feedstocks," six U.S. senators, led by Roger Marshall and Sherrod Brown, [composed](https://pitchbook.com/profiles/company/51278-86) in a June 20 letter to [federal firms](https://www.zoominfo.com/c/mission-newenergy/346542889).<br>
<br>Another letter from 15 senators to the Treasury Department on July 30 urged the administration to omit imported [feedstocks](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) like UCO from an additional clean fuel tax credit program passed in the Inflation Reduction Act. (Reporting by [Leah Douglas](https://www.zoominfo.com/c/mission-newenergy/346542889) in Washington Editing by Richard Valdmanis and Matthew Lewis)<br>