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

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Isaac Ault 2025-01-18 05:15:26 +00:00
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<br>By Leah Douglas<br>
<br>Aug 7 (Reuters) - The U.S. Epa has actually [introduced investigations](https://www.crunchbase.com/organization/mission-newenergy) into the supply chains of a minimum of 2 eco-friendly fuel producers amidst industry concerns that some might be using deceptive feedstocks for [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) to protect rewarding government aids.<br>
<br>EPA spokesperson Jeffrey Landis [informed](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) Reuters that the firm has actually launched audits over the past year, however decreased to identify the [business targeted](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) because the examinations are [continuous](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053).<br>
<br>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 ingredients, like utilized cooking oil, can make refiners a [variety](https://pitchbook.com/profiles/company/51278-86) of state and federal ecological and climate aids, [consisting](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) of tradable credits under a [program](https://www.google.com/search?kgmid=/m/0cqd_rb) administered by the EPA called the Renewable Fuel Standard. But worries have actually been installing that some materials labeled as used cooking oil are really cheaper and less sustainable virgin palm oil, a product that is associated with logging and other [environmental damage](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html).<br>
<br>The problem entered into focus following a surge in [utilized cooking](https://www.crunchbase.com/organization/mission-newenergy) oil exports from Asia recently that [experts](https://www.businessnews.com.au/Company/Mission-NewEnergy) have stated involves unrealistically high volumes relative to the quantity of cooking oil utilized and recovered in the area. The European Union is also [examining](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) feedstocks over the fraud concerns.<br>
<br>The EPA audits began after the company upgraded domestic [supply-chain accounting](https://stocktwits.com/symbol/MNEL) requirements in July 2023 for renewable fuel producers looking for to make credits under the RFS, he stated.<br>
<br>"EPA has actually conducted audits of eco-friendly fuel manufacturers since July 2023 which consists of, to name a few things, an examination of the places that utilized cooking oil utilized in eco-friendly fuel production was collected," he said. "These examinations, nevertheless, are continuous and we are not able to go over ongoing enforcement examinations."<br>
<br>U.S. senators from farm states have called for more oversight of [biofuel](https://stocktwits.com/symbol/MNEL) feedstocks, stating federal agencies need to be as rigorous in [confirming imports](https://www.bloomberg.com/profile/company/MNELF:US) as they are auditing domestic supply chains.<br>
<br>"The Biden administration has developed vigorous standards to confirm, not simply trust, American manufacturers, and it is crucial that the very same analysis is applied to imported feedstocks," 6 U.S. senators, led by Roger Marshall and Sherrod Brown, composed in a June 20 letter to federal companies.<br>
<br>Another letter from 15 senators to the Treasury Department on July 30 [prompted](https://www.bloomberg.com/profile/company/MNELF:US) the [administration](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) to leave out [imported feedstocks](https://pitchbook.com/profiles/company/51278-86) like UCO from an extra tidy [fuel tax](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) credit program passed in the Inflation Reduction Act. (Reporting by Leah Douglas in Washington Editing by Richard [Valdmanis](https://www.zoominfo.com/c/mission-newenergy/346542889) and Matthew Lewis)<br>