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.  Agency has actually [launched examinations](https://stocktwits.com/symbol/MNEL) into the [supply chains](https://forest500.org/rankings/companies/mission-newenergy-limited) of a minimum of two eco-friendly fuel manufacturers in the middle of industry issues that some may be utilizing deceptive feedstocks for [biodiesel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) to protect [rewarding government](https://pitchbook.com/profiles/company/51278-86) aids.<br>
+<br>EPA spokesperson Jeffrey Landis told [Reuters](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) that the firm has released audits over the previous year, but decreased to [identify](https://forest500.org/rankings/companies/mission-newenergy-limited) the companies targeted because the investigations are [continuous](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/).<br>
+<br>The production of [biodiesel](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) from [sustainable](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) ingredients, like [utilized cooking](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) oil, can make [refiners](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) a variety of state and federal environmental and climate subsidies, including tradable credits under a [program administered](https://pitchbook.com/profiles/company/51278-86) by the EPA called the Renewable Fuel Standard. But worries have been mounting that some products identified as used cooking oil are really less expensive and less sustainable virgin palm oil, an item that is connected with [logging](https://www.zoominfo.com/c/mission-newenergy/346542889) and other [environmental damage](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html).<br>
+<br>The problem entered focus following a surge in used cooking oil exports from Asia in recent years that analysts have said includes [unrealistically](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) high volumes relative to the [quantity](https://www.google.com/search?kgmid=/m/0cqd_rb) of cooking oil utilized and recovered in the region. The European Union is likewise examining feedstocks over the fraud issues.<br>
+<br>The EPA audits started after the agency upgraded domestic supply-chain accounting requirements in July 2023 for sustainable fuel producers seeking to [earn credits](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) under the RFS, he stated.<br>
+<br>"EPA has actually conducted audits of sustainable fuel manufacturers since July 2023 that includes, among other things, an evaluation of the places that used cooking oil used in eco-friendly fuel production was gathered," he stated. "These investigations, nevertheless, are continuous and we are not able to discuss continuous enforcement examinations."<br>
+<br>U.S. senators from farm states have actually [required](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) more oversight of [biofuel](https://stocktwits.com/symbol/MNEL) feedstocks, stating federal [companies](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) must be as extensive in validating imports as they are auditing domestic supply chains.<br>
+<br>"The Biden administration has developed energetic requirements to verify, not just trust, American manufacturers, and it is vital that the very same examination is applied to imported feedstocks," 6 U.S. senators, led by Roger Marshall and [Sherrod](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) 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 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 by Richard Valdmanis and Matthew Lewis)<br>