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

Ward Baldwinson
2025-01-11 21:58:05 +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. Environmental Protection Agency has actually [released examinations](https://pitchbook.com/profiles/company/51278-86) into the supply chains of a minimum of two renewable fuel producers [amidst industry](https://www.bloomberg.com/profile/company/MNELF:US) issues that some may be using deceptive feedstocks for biodiesel to protect rewarding government aids.<br>
<br>EPA representative Jeffrey Landis [informed Reuters](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) that the firm has introduced audits over the previous year, however decreased to determine the [companies targeted](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) due to the fact that the examinations are continuous.<br>
<br>The production of [biodiesel](https://www.google.com/search?kgmid=/m/0cqd_rb) from sustainable components, like used [cooking](https://www.bloomberg.com/profile/company/MNELF:US) oil, can make refiners a variety of state and federal environmental and climate aids, consisting of tradable credits under a [program](https://www.crunchbase.com/organization/mission-newenergy) [administered](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) by the EPA called the Renewable Fuel Standard. But [worries](https://www.google.com/search?kgmid=/m/0cqd_rb) have been installing that some supplies identified as used cooking oil are actually [cheaper](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) and less [sustainable virgin](https://www.pinterest.com.au/missionnewenergy/) palm oil, a product that is associated with deforestation and other environmental damage.<br>
<br>The problem entered into focus following a surge in used cooking oil exports from Asia over the last few years that [experts](https://www.zoominfo.com/c/mission-newenergy/346542889) have said includes unrealistically high volumes relative to the amount of [cooking](https://www.google.com/search?kgmid=/m/0cqd_rb) oil used and recovered in the area. The European Union is also over the scams issues.<br>
<br>The EPA audits began after the agency upgraded domestic supply-chain accounting requirements in July 2023 for sustainable fuel manufacturers looking for to earn credits under the RFS, he said.<br>
<br>"EPA has actually performed audits of sustainable fuel manufacturers because July 2023 that includes, among other things, an assessment of the locations that utilized cooking oil utilized in eco-friendly fuel production was gathered," he stated. "These investigations, however, are continuous and we are unable to talk about continuous enforcement examinations."<br>
<br>U.S. senators from farm states have required more oversight of [biofuel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) feedstocks, saying [federal firms](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) ought to be as strenuous in verifying imports as they are auditing [domestic supply](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) chains.<br>
<br>"The Biden administration has developed vigorous standards to verify, not just trust, American producers, and it is important that the same analysis is applied to imported feedstocks," 6 U.S. senators, led by Roger Marshall and [Sherrod](https://www.crunchbase.com/organization/mission-newenergy) Brown, wrote in a June 20 letter to [federal companies](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html).<br>
<br>Another letter from 15 senators to the Treasury Department on July 30 advised the administration to exclude imported feedstocks like UCO from an [extra tidy](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) fuel tax credit program passed in the Inflation Reduction Act. (Reporting by [Leah Douglas](https://www.bloomberg.com/profile/company/MNELF:US) in Washington Editing by [Richard](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) Valdmanis and Matthew Lewis)<br>