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

US-EPA-Says-it-is-Auditing-Biofuel-Producers%27-used-Cooking-Oil-Supply.md

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+<br>By Leah Douglas<br>
+<br>Aug 7 (Reuters) - The U.S. Epa has [launched examinations](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) into the [supply chains](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) of a minimum of two sustainable fuel producers amid market issues that some might be utilizing deceptive feedstocks for [biodiesel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) to protect financially rewarding federal  subsidies.<br>
+<br>EPA spokesperson Jeffrey Landis told [Reuters](https://www.google.com/search?kgmid=/m/0cqd_rb) that the agency has actually launched audits over the previous year, however decreased to determine the companies targeted because the investigations 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 active ingredients, like utilized cooking oil, can earn refiners a slew of state and federal environmental and environment aids, [including tradable](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) credits under a program administered by the EPA called the Renewable Fuel [Standard](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048). But worries have actually been installing that some materials labeled as used cooking oil are in fact more affordable and less [sustainable virgin](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) palm oil, a product that is related to [logging](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) and other [ecological damage](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/).<br>
+<br>The problem entered focus following a surge in used [cooking oil](https://pitchbook.com/profiles/company/51278-86) [exports](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) from Asia in current years that experts have actually said includes unrealistically high volumes relative to the amount of cooking [oil utilized](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) and [recuperated](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) in the region. The European Union is also examining feedstocks over the fraud concerns.<br>
+<br>The EPA audits began after the company updated domestic supply-chain accounting requirements in July 2023 for [sustainable fuel](https://forest500.org/rankings/companies/mission-newenergy-limited) producers seeking to make credits under the RFS, he stated.<br>
+<br>"EPA has actually carried out audits of renewable fuel producers because July 2023 which consists of, to name a few things, an assessment of the areas that used cooking oil used in eco-friendly fuel production was collected," he stated. "These examinations, however, are ongoing and we are not able to go over ongoing enforcement investigations."<br>
+<br>U.S. [senators](https://www.businessnews.com.au/Company/Mission-NewEnergy) from farm states have actually called for more oversight of biofuel feedstocks, saying federal agencies must be as strenuous in validating imports as they are [auditing domestic](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) supply chains.<br>
+<br>"The Biden administration has actually created vigorous standards to validate, not simply trust, American manufacturers, and it is essential that the very same examination is used to imported feedstocks," 6 U.S. senators, led by Roger Marshall and Sherrod Brown, wrote in a June 20 letter to federal companies.<br>
+<br>Another letter from 15 senators to the Treasury Department on July 30 urged the administration to exclude imported [feedstocks](https://pitchbook.com/profiles/company/51278-86) like UCO from an [additional tidy](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) fuel [tax credit](https://www.zoominfo.com/c/mission-newenergy/346542889) program passed in the Inflation Reduction Act. ([Reporting](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) by Leah Douglas in Washington Editing by Richard Valdmanis and Matthew Lewis)<br>