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 [introduced investigations](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.businessnews.com.au/Company/Mission-NewEnergy) of a minimum of two sustainable fuel [manufacturers amidst](https://pitchbook.com/profiles/company/51278-86) market concerns that some may be using deceitful feedstocks for [biodiesel](https://www.google.com/search?kgmid=/m/0cqd_rb) to secure financially rewarding federal government subsidies.<br>
+<br>EPA representative Jeffrey Landis informed Reuters that the company has [released audits](https://www.zoominfo.com/c/mission-newenergy/346542889) over the past year, however decreased to identify the companies targeted since the examinations are continuous.<br>
+<br>The production of [biodiesel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) from sustainable active ingredients, like utilized cooking oil, can [earn refiners](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) a variety of state and federal environmental and climate subsidies, including tradable [credits](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) under a program administered by the EPA called the Renewable Fuel Standard. But worries have been mounting that some supplies identified as utilized cooking oil are in fact cheaper and less sustainable virgin palm oil, an item that is connected with deforestation and other [ecological damage](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).<br>
+<br>The problem entered into focus following a surge in used cooking oil exports from Asia in the last few years that analysts have actually stated involves unrealistically high volumes relative to the [quantity](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) of [cooking oil](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) used and [recovered](https://forest500.org/rankings/companies/mission-newenergy-limited) in the region. The European Union is also examining feedstocks over the scams issues.<br>
+<br>The EPA audits began after the agency upgraded domestic supply-chain accounting requirements in July 2023 for sustainable fuel producers looking for to earn credits under the RFS, he stated.<br>
+<br>"EPA has actually conducted audits of sustainable fuel producers given that July 2023 which consists of, among other things, an examination of the areas that utilized cooking oil used in sustainable fuel production was collected," he said. "These examinations, nevertheless, are continuous and we are unable to talk about ongoing enforcement examinations."<br>
+<br>U.S. senators from farm states have called for more oversight of [biofuel](https://www.businessnews.com.au/Company/Mission-NewEnergy) feedstocks, stating federal agencies must be as rigorous in verifying imports as they are [auditing](https://www.google.com/search?kgmid=/m/0cqd_rb) domestic supply chains.<br>
+<br>"The Biden administration has developed vigorous requirements to verify, not simply trust, American manufacturers, and it is imperative that the exact same examination is applied to imported feedstocks," 6 U.S. senators, led by Roger Marshall and Sherrod Brown, [composed](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) in a June 20 letter to [federal companies](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html).<br>
+<br>Another letter from 15 [senators](https://www.zoominfo.com/c/mission-newenergy/346542889) to the [Treasury Department](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) on July 30 urged the administration to omit imported [feedstocks](https://forest500.org/rankings/companies/mission-newenergy-limited) like UCO from an [additional tidy](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) fuel tax credit [program passed](https://www.bloomberg.com/profile/company/MNELF:US) in the Inflation Reduction Act. (Reporting by Leah Douglas in Washington Editing by Richard Valdmanis and  Lewis)<br>