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

Isidro Hower 2025-01-18 01:13:14 +01:00
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<br>By Leah Douglas<br>
<br>Aug 7 (Reuters) - The U.S. Epa has actually [released examinations](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) into the [supply chains](https://stocktwits.com/symbol/MNEL) of a minimum of two sustainable [fuel manufacturers](https://www.zoominfo.com/c/mission-newenergy/346542889) amid industry concerns that some might be [utilizing deceitful](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) feedstocks for [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) to secure financially rewarding federal government subsidies.<br>
<br>EPA representative Jeffrey Landis informed [Reuters](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) that the company has actually [launched audits](https://stocktwits.com/symbol/MNEL) over the previous year, but [decreased](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) to determine the because the examinations are continuous.<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 utilized cooking oil, can make refiners a multitude of state and federal environmental and environment aids, consisting of tradable credits under a [program](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) administered by the EPA called the Renewable Fuel Standard. But [worries](https://www.businessnews.com.au/Company/Mission-NewEnergy) have been mounting that some products identified as used [cooking](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) oil are in fact more affordable and less sustainable virgin palm oil, an item that is associated with deforestation and other [environmental damage](https://stocktwits.com/symbol/MNEL).<br>
<br>The problem came into focus following a rise in utilized cooking [oil exports](https://pitchbook.com/profiles/company/51278-86) from Asia over the last few years that experts have actually said involves unrealistically high volumes relative to the amount of [cooking oil](https://www.crunchbase.com/organization/mission-newenergy) used and recuperated in the area. The European Union is likewise examining feedstocks over the scams issues.<br>
<br>The EPA audits started after the company updated domestic supply-chain accounting requirements in July 2023 for renewable fuel producers seeking to [earn credits](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) under the RFS, he stated.<br>
<br>"EPA has actually carried out audits of renewable fuel producers given that July 2023 that includes, to name a few things, an examination of the locations that utilized cooking oil used in eco-friendly fuel production was gathered," he said. "These examinations, nevertheless, are ongoing and we are not able to talk about ongoing enforcement examinations."<br>
<br>U.S. [senators](https://www.bloomberg.com/profile/company/MNELF:US) from farm states have actually called for more oversight of [biofuel](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) feedstocks, saying federal companies ought to be as strenuous in validating imports as they are [auditing domestic](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) supply chains.<br>
<br>"The Biden administration has created energetic standards to validate, not just trust, American manufacturers, and it is vital that the same scrutiny is applied to imported feedstocks," 6 U.S. senators, led by Roger Marshall and Sherrod Brown, composed in a June 20 letter to federal companies.<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 [additional clean](https://www.bloomberg.com/profile/company/MNELF:US) fuel tax credit program passed in the [Inflation Reduction](https://www.zoominfo.com/c/mission-newenergy/346542889) Act. (Reporting by Leah Douglas in Washington Editing by Richard Valdmanis and Matthew Lewis)<br>