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Add US EPA Says it is Auditing Biofuel Producers' Pre-owned Cooking Oil Supply

Fran Eskridge 2025-01-12 01:59:01 +08:00
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US EPA Says it is Auditing Biofuel Producers%27 Pre-owned Cooking Oil Supply.-.md Normal file

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<br>By Leah Douglas<br>
<br>Aug 7 (Reuters) - The U.S. Epa has released investigations into the supply chains of at least 2 renewable fuel manufacturers amid market concerns that some may be using deceptive feedstocks for [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) to secure rewarding [federal](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) government subsidies.<br>
<br>EPA spokesperson [Jeffrey](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) Landis told Reuters that the firm has introduced audits over the previous year, however [declined](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) to [recognize](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) the business targeted due to the fact that the examinations are ongoing.<br>
<br>The production of [biodiesel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) from sustainable ingredients, like utilized cooking oil, can earn refiners a slew of state and federal ecological and environment aids, including tradable credits under a program administered by the EPA called the Renewable Fuel Standard. But worries have been [mounting](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) that some products identified as utilized cooking oil are actually [cheaper](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) and less sustainable virgin palm oil, an item that is connected with [logging](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) and other ecological damage.<br>
<br>The problem entered into focus following a surge in [utilized cooking](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) oil exports from Asia over the last few years that analysts have actually said includes unrealistically high volumes relative to the quantity of cooking oil used and recovered in the area. The is likewise examining feedstocks over the fraud issues.<br>
<br>The EPA audits started after the agency upgraded domestic supply-chain [accounting](https://www.crunchbase.com/organization/mission-newenergy) requirements in July 2023 for eco-friendly fuel [manufacturers](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) looking for to make [credits](https://pitchbook.com/profiles/company/51278-86) under the RFS, he said.<br>
<br>"EPA has conducted audits of renewable fuel manufacturers because July 2023 that includes, to name a few things, an evaluation of the locations that used cooking oil used in sustainable fuel production was gathered," he stated. "These investigations, however, are ongoing and we are unable to discuss continuous enforcement examinations."<br>
<br>U.S. [senators](https://pitchbook.com/profiles/company/51278-86) from farm states have actually required more oversight of [biofuel](https://www.pinterest.com.au/missionnewenergy/) feedstocks, stating federal companies must be as strenuous in validating imports as they are auditing [domestic supply](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) chains.<br>
<br>"The Biden administration has created energetic requirements to verify, not just trust, American manufacturers, and it is imperative that the exact same analysis is applied to imported feedstocks," 6 U.S. senators, led by Roger Marshall and Sherrod Brown, wrote in a June 20 letter to federal companies.<br>
<br>Another letter from 15 senators to the Treasury Department on July 30 advised the [administration](https://pitchbook.com/profiles/company/51278-86) to [exclude imported](https://www.crunchbase.com/organization/mission-newenergy) feedstocks like UCO from an [extra tidy](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) fuel tax credit program passed in the Inflation Reduction Act. (Reporting by [Leah Douglas](https://www.crunchbase.com/organization/mission-newenergy) in Washington Editing by Richard [Valdmanis](https://forest500.org/rankings/companies/mission-newenergy-limited) and Matthew Lewis)<br>