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 actually released investigations into the supply chains of a minimum of 2 eco-friendly fuel [producers amidst](https://forest500.org/rankings/companies/mission-newenergy-limited) industry concerns that some may be using fraudulent feedstocks for [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) to protect lucrative government subsidies.<br>
+<br>EPA spokesperson Jeffrey Landis informed Reuters that the firm has actually launched audits over the past year, but declined to identify the business targeted since the examinations are ongoing.<br>
+<br>The [production](https://stocktwits.com/symbol/MNEL) of [biodiesel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) from sustainable ingredients, like utilized cooking oil, can earn [refiners](https://forest500.org/rankings/companies/mission-newenergy-limited) a [multitude](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) of state and federal ecological and climate subsidies, consisting of [tradable credits](https://pitchbook.com/profiles/company/51278-86) under a program [administered](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) by the EPA called the Renewable Fuel [Standard](https://www.businessnews.com.au/Company/Mission-NewEnergy). But fears have been mounting that some supplies identified as used cooking oil are really less expensive and less sustainable virgin palm oil, a product that is related to [logging](https://www.businessnews.com.au/Company/Mission-NewEnergy) and other environmental damage.<br>
+<br>The issue entered focus following a rise in utilized cooking oil exports from Asia over the last few years that [experts](https://www.google.com/search?kgmid=/m/0cqd_rb) have stated includes unrealistically high volumes relative to the amount of cooking oil utilized and [recovered](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 the area. The [European Union](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) is likewise investigating feedstocks over the scams concerns.<br>
+<br>The EPA audits began after the [company](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) updated domestic supply-chain accounting requirements in July 2023 for [renewable fuel](https://www.bloomberg.com/profile/company/MNELF:US) producers looking for to make credits under the RFS, he said.<br>
+<br>"EPA has conducted audits of eco-friendly fuel manufacturers since July 2023 that includes, among other things, an evaluation of the areas that utilized cooking oil used in sustainable fuel production was collected," he said. "These investigations, nevertheless, are ongoing and we are not able to discuss continuous enforcement investigations."<br>
+<br>U.S. senators from farm states have called for more oversight of [biofuel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) feedstocks, stating federal firms must be as [extensive](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 validating imports as they are [auditing domestic](https://www.businessnews.com.au/Company/Mission-NewEnergy) supply chains.<br>
+<br>"The Biden administration has created energetic standards to confirm, not simply trust, American manufacturers, and it is essential that the same analysis is applied to imported feedstocks," 6 U.S. senators, led by Roger Marshall and  Brown, wrote in a June 20 letter to federal agencies.<br>
+<br>Another letter from 15 [senators](https://www.crunchbase.com/organization/mission-newenergy) to the Treasury Department on July 30 urged the administration to omit imported [feedstocks](https://pitchbook.com/profiles/company/51278-86) like UCO from an additional clean fuel tax credit program passed in the Inflation Reduction Act. ([Reporting](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) by Leah Douglas in Washington Editing by Richard Valdmanis and Matthew Lewis)<br>