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

Alyce Escobedo 2025-01-17 12:45:37 +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 [introduced examinations](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) into the [supply chains](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) of at least 2 eco-friendly fuel manufacturers [amid industry](https://www.zoominfo.com/c/mission-newenergy/346542889) concerns that some might be [utilizing fraudulent](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 for [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) to secure profitable federal government aids.<br>
<br>EPA [representative Jeffrey](https://www.bloomberg.com/profile/company/MNELF:US) Landis told Reuters that the agency has actually introduced audits over the past year, but decreased to recognize the business targeted because the examinations are ongoing.<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.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) ingredients, like utilized cooking oil, can make [refiners](https://www.businessnews.com.au/Company/Mission-NewEnergy) a slew of state and federal environmental and climate subsidies, including tradable credits under a program administered by the EPA called the Renewable Fuel Standard. But fears have actually been [mounting](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) that some products identified as utilized cooking oil are really [cheaper](https://www.zoominfo.com/c/mission-newenergy/346542889) and less sustainable virgin palm oil, a [product](https://www.businessnews.com.au/Company/Mission-NewEnergy) that is related to deforestation and other environmental damage.<br>
<br>The issue entered focus following a rise in [utilized cooking](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) oil exports from Asia in the last few years that analysts have actually said includes unrealistically high volumes relative to the [quantity](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) of cooking oil utilized and recovered in the area. The European Union is likewise investigating feedstocks over the scams issues.<br>
<br>The EPA audits started after the agency updated domestic supply-chain [accounting requirements](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) in July 2023 for [renewable](https://www.google.com/search?kgmid=/m/0cqd_rb) fuel manufacturers looking for to earn credits under the RFS, he said.<br>
<br>"EPA has actually carried out audits of renewable fuel producers because July 2023 that includes, amongst other things, an evaluation of the areas that utilized cooking oil utilized in eco-friendly fuel production was collected," he said. "These investigations, nevertheless, are ongoing and we are unable to go over ongoing enforcement investigations."<br>
<br>U.S. senators from farm states have actually required more oversight of [biofuel](https://www.crunchbase.com/organization/mission-newenergy) feedstocks, stating federal companies ought to be as strenuous in confirming imports as they are [auditing](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) domestic supply chains.<br>
<br>"The Biden administration has developed energetic standards to confirm, not just trust, American producers, and it is important that the same examination is applied to imported feedstocks," six U.S. senators, led by Roger Marshall and Sherrod Brown, [composed](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) 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 like UCO from an extra clean fuel [tax credit](https://pitchbook.com/profiles/company/51278-86) program passed in the Act. (Reporting by Leah Douglas in Washington [Editing](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) by Richard Valdmanis and Matthew Lewis)<br>