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Add US EPA Says it is Auditing Biofuel Producers' Secondhand Cooking Oil Supply

Dustin Danford 2025-01-18 08:33:03 +00:00
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US-EPA-Says-it-is-Auditing-Biofuel-Producers%27-Secondhand-Cooking-Oil-Supply.md Normal file

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<br>By Leah Douglas<br>
<br>Aug 7 (Reuters) - The U.S. [Environmental Protection](https://www.zoominfo.com/c/mission-newenergy/346542889) Agency has actually released examinations into the supply chains of at least two eco-friendly fuel manufacturers amid industry issues that some might be using deceitful feedstocks for [biodiesel](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) to secure financially rewarding government subsidies.<br>
<br>EPA spokesperson Jeffrey Landis told Reuters that the company has released audits over the past year, however declined to [identify](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) the [companies targeted](https://www.businessnews.com.au/Company/Mission-NewEnergy) 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 ingredients, like used cooking oil, can make refiners a slew of state and federal ecological and environment aids, including tradable credits under a program administered by the EPA called the [Renewable Fuel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) Standard. But worries have been mounting that some [products labeled](https://www.bloomberg.com/profile/company/MNELF:US) as utilized cooking oil are actually more affordable and less [sustainable virgin](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) palm oil, an item that is [connected](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) with deforestation and other ecological damage.<br>
<br>The concern came into focus following a rise in utilized cooking oil [exports](https://www.google.com/search?kgmid=/m/0cqd_rb) from Asia in the last few years that experts have said [involves unrealistically](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) high volumes relative to the amount of cooking oil utilized and [recovered](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) in the area. The European Union is also investigating [feedstocks](https://www.bloomberg.com/profile/company/MNELF:US) over the fraud issues.<br>
<br>The EPA audits started after the company upgraded [domestic supply-chain](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) accounting requirements in July 2023 for eco-friendly fuel manufacturers seeking to earn credits under the RFS, he said.<br>
<br>"EPA has conducted audits of eco-friendly fuel manufacturers since July 2023 that includes, to name a few things, an evaluation of the areas that used cooking oil utilized in eco-friendly fuel production was gathered," he stated. "These examinations, nevertheless, are continuous and we are unable to talk about continuous enforcement investigations."<br>
<br>U.S. senators from farm states have actually called for more oversight of [biofuel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) feedstocks, saying federal agencies must be as strenuous in validating imports as they are auditing [domestic supply](https://www.pinterest.com.au/missionnewenergy/) chains.<br>
<br>"The Biden administration has actually developed vigorous requirements to validate, not simply trust, American manufacturers, and it is crucial that the very same analysis is applied to imported feedstocks," 6 U.S. senators, led by [Roger Marshall](https://www.businessnews.com.au/Company/Mission-NewEnergy) and [Sherrod](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) Brown, wrote in a June 20 letter to federal companies.<br>
<br>Another letter from 15 [senators](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) to the Treasury Department on July 30 urged the administration to omit imported feedstocks like UCO from an additional tidy fuel [tax credit](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) program passed in the Act. (Reporting by Leah Douglas in Washington Editing by [Richard](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) Valdmanis and Matthew Lewis)<br>