commit 7f4c3f5082478d6fc58bef32a289869f0c601a05 Author: karine56b5135 Date: Thu Jan 16 12:36:47 2025 +0800 Add US EPA Says it is Auditing Biofuel Producers' Secondhand Cooking Oil Supply diff --git a/US-EPA-Says-it-is-Auditing-Biofuel-Producers%27-Secondhand-Cooking-Oil-Supply.md b/US-EPA-Says-it-is-Auditing-Biofuel-Producers%27-Secondhand-Cooking-Oil-Supply.md new file mode 100644 index 0000000..9613224 --- /dev/null +++ b/US-EPA-Says-it-is-Auditing-Biofuel-Producers%27-Secondhand-Cooking-Oil-Supply.md @@ -0,0 +1,10 @@ +
By Leah Douglas
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Aug 7 (Reuters) - The U.S. Environmental Protection Agency has actually introduced investigations into the supply chains of at least two renewable fuel producers in the middle of industry issues that some might be using deceitful feedstocks for [biodiesel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) to secure [profitable government](https://www.google.com/search?kgmid=/m/0cqd_rb) aids.
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EPA [spokesperson Jeffrey](https://www.crunchbase.com/organization/mission-newenergy) Landis told [Reuters](https://www.zoominfo.com/c/mission-newenergy/346542889) that the agency has launched audits over the previous year, however to identify the business targeted due to the fact that the investigations are continuous.
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The production of [biodiesel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) from sustainable components, like utilized cooking oil, can earn refiners a multitude 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 actually been installing that some products labeled as utilized cooking oil are in fact more affordable and less sustainable virgin palm oil, an item that is related to [deforestation](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 other ecological damage.
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The issue entered into focus following a rise in used cooking oil exports from Asia recently that [analysts](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) have actually stated includes unrealistically high volumes relative to the quantity of [cooking oil](https://forest500.org/rankings/companies/mission-newenergy-limited) utilized and [recovered](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) in the region. The European Union is likewise examining feedstocks over the fraud [concerns](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price).
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The EPA audits began after the agency upgraded [domestic](https://www.crunchbase.com/organization/mission-newenergy) [supply-chain accounting](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) requirements in July 2023 for renewable fuel [manufacturers seeking](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) to make [credits](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) under the RFS, he stated.
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"EPA has actually conducted audits of sustainable fuel producers because July 2023 which 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 investigations, nevertheless, are continuous and we are unable to talk about ongoing enforcement investigations."
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U.S. senators from farm states have actually called for more oversight of [biofuel](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) feedstocks, saying [federal agencies](https://www.zoominfo.com/c/mission-newenergy/346542889) should be as strenuous in [validating imports](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) as they are auditing domestic supply chains.
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"The Biden administration has actually produced energetic standards to verify, not simply trust, American manufacturers, and it is important that the very same examination is applied to imported feedstocks," six U.S. senators, led by Roger Marshall and Sherrod Brown, wrote in a June 20 letter to federal agencies.
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Another letter from 15 senators to the Treasury Department on July 30 prompted the administration to [omit imported](https://www.crunchbase.com/organization/mission-newenergy) feedstocks like UCO from an additional tidy fuel tax credit program passed in the [Inflation Reduction](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) Act. ([Reporting](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) by Leah Douglas in Washington Editing by Richard Valdmanis and [Matthew](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) Lewis)
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