Add US EPA Says it is Auditing Biofuel Producers' Pre-owned Cooking Oil Supply

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

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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 launched examinations into the supply chains of at least two eco-friendly fuel producers in the middle of industry concerns that some may be using deceptive [feedstocks](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) for [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) to protect rewarding [federal](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) [government](https://stocktwits.com/symbol/MNEL) aids.<br>
+<br>EPA spokesperson Jeffrey Landis told Reuters that the agency has actually launched audits over the previous year, however decreased to recognize the companies targeted due to the fact that the [examinations](https://forest500.org/rankings/companies/mission-newenergy-limited) are continuous.<br>
+<br>The [production](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) of biodiesel from sustainable ingredients, like used cooking oil, can earn refiners a slew of state and federal ecological and climate aids, including tradable [credits](https://www.crunchbase.com/organization/mission-newenergy) under a program administered by the EPA called the Renewable Fuel Standard. But worries have been mounting that some [materials identified](https://pitchbook.com/profiles/company/51278-86) as used cooking oil are in fact cheaper and less [sustainable virgin](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) palm oil, a product that is related to deforestation and other environmental damage.<br>
+<br>The concern came into focus following a surge in used cooking oil exports from Asia in the last few years that [analysts](https://www.crunchbase.com/organization/mission-newenergy) have actually said includes unrealistically high volumes relative to the quantity of cooking oil used and [recovered](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) in the region. The [European Union](https://www.pinterest.com.au/missionnewenergy/) is likewise investigating feedstocks over the fraud concerns.<br>
+<br>The EPA audits began after the [company upgraded](https://www.pinterest.com.au/missionnewenergy/) domestic supply-chain accounting requirements in July 2023 for sustainable fuel [producers](https://www.pinterest.com.au/missionnewenergy/) looking for to [earn credits](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) under the RFS, he said.<br>
+<br>"EPA has actually conducted audits of renewable fuel manufacturers since July 2023 that includes, among other things, an examination of the locations that used cooking oil used in renewable fuel production was gathered," he stated. "These examinations, nevertheless, are ongoing and we are not able to talk about continuous enforcement examinations."<br>
+<br>U.S. senators from farm states have actually required more oversight of [biofuel](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) feedstocks, saying federal firms must be as [rigorous](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) in verifying imports as they are auditing  chains.<br>
+<br>"The Biden administration has actually developed energetic standards to validate, not simply trust, American producers, and it is crucial that the very same scrutiny is used to imported feedstocks," 6 U.S. senators, led by Roger Marshall and [Sherrod](https://stocktwits.com/symbol/MNEL) Brown, wrote in a June 20 letter to [federal firms](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm).<br>
+<br>Another letter from 15 senators to the Treasury Department on July 30 advised the administration to [exclude imported](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) feedstocks like UCO from an additional clean fuel tax credit program passed in the Inflation Reduction Act. (Reporting by Leah Douglas in Washington Editing by Richard Valdmanis and Matthew Lewis)<br>