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 investigations into the supply chains of a minimum of two sustainable fuel manufacturers amid market issues that some might be using fraudulent feedstocks for  to protect lucrative federal government [subsidies](https://pitchbook.com/profiles/company/51278-86).<br>
+<br>EPA [spokesperson Jeffrey](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) Landis told Reuters that the company has introduced audits over the past year, however [declined](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) to determine the companies targeted due to the fact that the investigations are ongoing.<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 ingredients, like used cooking oil, can make refiners a variety of state and federal ecological and climate subsidies, consisting of [tradable credits](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) under a [program administered](https://www.google.com/search?kgmid=/m/0cqd_rb) by the EPA called the Renewable Fuel Standard. But [worries](https://www.zoominfo.com/c/mission-newenergy/346542889) have actually been mounting that some products identified as utilized cooking oil are in fact more affordable and less [sustainable virgin](https://pitchbook.com/profiles/company/51278-86) palm oil, an item that is connected with deforestation and other ecological damage.<br>
+<br>The [concern](https://pitchbook.com/profiles/company/51278-86) entered into focus following a rise in used [cooking oil](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) exports from Asia over the last few years that analysts have [stated involves](https://stocktwits.com/symbol/MNEL) unrealistically high volumes relative to the amount of [cooking oil](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) used and recuperated in the area. The European Union is likewise investigating [feedstocks](https://www.bloomberg.com/profile/company/MNELF:US) over the [fraud issues](https://stocktwits.com/symbol/MNEL).<br>
+<br>The [EPA audits](https://www.bloomberg.com/profile/company/MNELF:US) began after the firm upgraded domestic supply-chain accounting requirements in July 2023 for sustainable fuel manufacturers seeking to earn credits under the RFS, he said.<br>
+<br>"EPA has actually carried out audits of eco-friendly fuel producers given that July 2023 which includes, to name a few things, an assessment of the places that used cooking oil used in sustainable fuel production was gathered," he said. "These examinations, however, are continuous and we are not able to talk about continuous enforcement investigations."<br>
+<br>U.S. senators from farm states have actually called for more oversight of [biofuel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) feedstocks, stating federal firms need to be as strenuous in verifying 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](https://forest500.org/rankings/companies/mission-newenergy-limited).<br>
+<br>"The Biden administration has created vigorous standards to validate, not just trust, American manufacturers, and it is essential that the same examination is applied to imported feedstocks," 6 U.S. senators, led by Roger Marshall and Sherrod Brown, composed in a June 20 letter to [federal agencies](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html).<br>
+<br>Another letter from 15 [senators](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) to the Treasury Department on July 30 urged the administration to omit imported feedstocks like UCO from an [additional clean](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 program passed in the Inflation Reduction Act. (Reporting by Leah Douglas in Washington Editing by Richard Valdmanis and Matthew Lewis)<br>