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. Environmental Protection Agency has released examinations into the [supply chains](https://www.bloomberg.com/profile/company/MNELF:US) of a minimum of 2 eco-friendly fuel [manufacturers](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) in the middle of industry issues that some might be using fraudulent [feedstocks](https://stocktwits.com/symbol/MNEL) for [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) to protect profitable government subsidies.<br>
+<br>EPA spokesperson Jeffrey Landis informed [Reuters](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) that the firm has actually launched audits over the previous year, but [declined](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) to recognize the companies targeted due to the fact that the examinations are continuous.<br>
+<br>The production of [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) from sustainable components, like used cooking oil, can [earn refiners](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) a slew of state and [federal environmental](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) and [climate](https://pitchbook.com/profiles/company/51278-86) subsidies, consisting of tradable credits under a program administered by the EPA called the Renewable Fuel Standard. But worries have been installing that some products identified as used [cooking](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) oil are really less expensive and less [sustainable virgin](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) palm oil, an item that is connected with logging and other environmental damage.<br>
+<br>The [concern](https://forest500.org/rankings/companies/mission-newenergy-limited) came into focus following a rise in used cooking oil exports from Asia in current years that experts have stated involves unrealistically high volumes relative to the amount of cooking oil used and [recuperated](https://www.businessnews.com.au/Company/Mission-NewEnergy) in the area. The European Union is likewise [investigating feedstocks](https://forest500.org/rankings/companies/mission-newenergy-limited) over the .<br>
+<br>The EPA audits began after the firm updated domestic supply-chain accounting requirements in July 2023 for renewable fuel [producers](https://www.zoominfo.com/c/mission-newenergy/346542889) [seeking](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) to make [credits](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) under the RFS, he stated.<br>
+<br>"EPA has carried out audits of eco-friendly fuel manufacturers since July 2023 which consists of, to name a few things, an evaluation of the places that used cooking oil utilized in renewable fuel production was collected," he said. "These investigations, however, are continuous and we are unable to talk about ongoing enforcement examinations."<br>
+<br>U.S. [senators](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) from farm states have actually called for more oversight of [biofuel](https://www.businessnews.com.au/Company/Mission-NewEnergy) feedstocks, saying federal companies need to be as rigorous in validating imports as they are auditing domestic supply chains.<br>
+<br>"The Biden administration has developed vigorous standards to verify, not simply trust, American manufacturers, and it is essential that the exact same scrutiny is applied to imported feedstocks," 6 U.S. senators, led by Roger Marshall and Sherrod Brown, wrote in a June 20 letter to federal agencies.<br>
+<br>Another letter from 15 senators to the Treasury Department on July 30 prompted the administration to omit imported [feedstocks](https://stocktwits.com/symbol/MNEL) like UCO from an additional tidy fuel tax credit program passed in the Inflation Reduction Act. (Reporting by Leah Douglas in Washington Editing by Richard Valdmanis and Matthew Lewis)<br>