From cc7c63c63458ffb0d3fca086cee42e77567422f1 Mon Sep 17 00:00:00 2001 From: genethibodeaux Date: Sun, 12 Jan 2025 11:32:20 +0800 Subject: [PATCH] Add 'US EPA Says it is Auditing Biofuel Producers' used Cooking Oil Supply' --- ...is-Auditing-Biofuel-Producers%27-used-Cooking-Oil-Supply.md | 10 ++++++++++ 1 file changed, 10 insertions(+) create mode 100644 US-EPA-Says-it-is-Auditing-Biofuel-Producers%27-used-Cooking-Oil-Supply.md diff --git a/US-EPA-Says-it-is-Auditing-Biofuel-Producers%27-used-Cooking-Oil-Supply.md b/US-EPA-Says-it-is-Auditing-Biofuel-Producers%27-used-Cooking-Oil-Supply.md new file mode 100644 index 0000000..de74c44 --- /dev/null +++ b/US-EPA-Says-it-is-Auditing-Biofuel-Producers%27-used-Cooking-Oil-Supply.md @@ -0,0 +1,10 @@ +
By Leah Douglas
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Aug 7 (Reuters) - The U.S. [Environmental Protection](https://www.bloomberg.com/profile/company/MNELF:US) Agency has released investigations into the supply chains of at least 2 renewable fuel manufacturers amid market [concerns](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) that some might be using fraudulent feedstocks for [biodiesel](https://www.businessnews.com.au/Company/Mission-NewEnergy) to secure profitable federal government aids.
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[EPA spokesperson](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) Jeffrey Landis informed [Reuters](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) that the firm has released audits over the past year, however decreased to identify the business targeted due to the fact that the examinations are [ongoing](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html).
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The production of [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) from [sustainable](https://www.zoominfo.com/c/mission-newenergy/346542889) ingredients, like utilized cooking oil, can make [refiners](https://www.bloomberg.com/profile/company/MNELF:US) a slew of state and federal ecological and environment subsidies, including tradable credits under a program administered by the EPA called the Renewable Fuel Standard. But have actually been installing that some materials identified as utilized cooking oil are really more [affordable](https://www.google.com/search?kgmid=/m/0cqd_rb) and less [sustainable virgin](https://forest500.org/rankings/companies/mission-newenergy-limited) palm oil, an item that is associated with [logging](https://www.crunchbase.com/organization/mission-newenergy) and other environmental damage.
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The problem came into focus following a rise in used cooking oil exports from Asia in the last few years that experts have actually said includes unrealistically high volumes relative to the amount of cooking oil utilized and recuperated in the region. The [European Union](https://www.crunchbase.com/organization/mission-newenergy) is likewise examining feedstocks over the [scams concerns](https://www.google.com/search?kgmid=/m/0cqd_rb).
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The EPA audits began after the company updated domestic supply-chain accounting requirements in July 2023 for sustainable fuel [producers](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) looking for to make [credits](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) under the RFS, he stated.
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"EPA has actually performed audits of sustainable fuel producers since July 2023 that includes, to name a few things, an evaluation of the areas that used cooking oil used in eco-friendly fuel production was gathered," he said. "These examinations, however, are continuous and we are unable to go over continuous enforcement investigations."
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U.S. senators from farm states have required more oversight of biofuel feedstocks, saying federal companies need to be as rigorous in validating imports as they are [auditing](https://www.bloomberg.com/profile/company/MNELF:US) domestic supply chains.
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"The Biden administration has produced energetic standards to verify, not just trust, American manufacturers, and it is necessary that the very same scrutiny is used to imported feedstocks," 6 U.S. senators, led by Roger Marshall and Sherrod Brown, [composed](https://www.pinterest.com.au/missionnewenergy/) in a June 20 letter to federal firms.
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Another letter from 15 senators to the Treasury Department on July 30 advised the administration to omit imported feedstocks like UCO from an [extra clean](https://www.google.com/search?kgmid=/m/0cqd_rb) fuel tax credit program passed in the Inflation Reduction Act. (Reporting by [Leah Douglas](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) in [Washington](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) Editing by Richard Valdmanis and Matthew Lewis)
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