Add US EPA Says it is Auditing Biofuel Producers' Secondhand Cooking Oil Supply

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

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+<br>By Leah Douglas<br>
+<br>Aug 7 (Reuters) - The U.S. [Environmental Protection](https://forest500.org/rankings/companies/mission-newenergy-limited) Agency has actually [released examinations](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.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) of a minimum of two [sustainable fuel](https://www.pinterest.com.au/missionnewenergy/) producers amidst industry concerns that some may be using deceitful feedstocks for [biodiesel](https://www.zoominfo.com/c/mission-newenergy/346542889) to secure lucrative federal government subsidies.<br>
+<br>EPA representative  told Reuters that the agency has introduced audits over the past year, however decreased to identify the [companies targeted](https://forest500.org/rankings/companies/mission-newenergy-limited) due to the fact that the examinations are continuous.<br>
+<br>The production of [biodiesel](https://www.crunchbase.com/organization/mission-newenergy) from sustainable active ingredients, like used cooking oil, can earn refiners a multitude of state and federal environmental and climate subsidies, including tradable credits under a [program administered](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) by the EPA called the [Renewable Fuel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) Standard. But fears have actually been mounting that some supplies labeled as utilized cooking oil are actually cheaper and less [sustainable virgin](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) palm oil, an item that is associated with [deforestation](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) and other [environmental damage](https://www.google.com/search?kgmid=/m/0cqd_rb).<br>
+<br>The issue came into focus following a surge in [utilized cooking](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) oil exports from Asia in current years that analysts have [stated involves](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) unrealistically high [volumes relative](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) to the amount of cooking oil utilized and recovered in the region. The European Union is also investigating feedstocks over the fraud concerns.<br>
+<br>The EPA audits started after the agency updated domestic supply-chain accounting requirements in July 2023 for sustainable fuel producers seeking to make [credits](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) under the RFS, he stated.<br>
+<br>"EPA has performed audits of eco-friendly fuel manufacturers since July 2023 which consists of, among other things, an examination of the places that utilized cooking oil utilized in renewable fuel production was collected," he stated. "These investigations, however, are continuous and we are unable to discuss ongoing enforcement examinations."<br>
+<br>U.S. senators from farm states have required more oversight of [biofuel](https://www.google.com/search?kgmid=/m/0cqd_rb) feedstocks, stating federal [companies](https://www.google.com/search?kgmid=/m/0cqd_rb) need to be as extensive in confirming imports as they are auditing [domestic supply](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) chains.<br>
+<br>"The Biden administration has developed vigorous standards to validate, not just trust, American manufacturers, and it is necessary that the exact same scrutiny is used to imported feedstocks," six U.S. senators, led by Roger Marshall and Sherrod Brown, composed in a June 20 letter to [federal agencies](https://www.pinterest.com.au/missionnewenergy/).<br>
+<br>Another letter from 15 senators to the Treasury Department on July 30 urged the administration to [exclude imported](https://pitchbook.com/profiles/company/51278-86) feedstocks 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>