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

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

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+<br>By Leah Douglas<br>
+<br>Aug 7 (Reuters) - The U.S. [Environmental Protection](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) Agency has actually introduced investigations into the supply chains of at least 2 eco-friendly fuel producers amidst market concerns that some might be using [deceitful](https://www.zoominfo.com/c/mission-newenergy/346542889) [feedstocks](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) for [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) to secure rewarding [federal government](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) aids.<br>
+<br>[EPA spokesperson](https://www.bloomberg.com/profile/company/MNELF:US)  informed Reuters that the company has launched audits over the past year, however decreased to recognize the companies targeted since the investigations are continuous.<br>
+<br>The production of biodiesel from sustainable components, like used cooking oil, can [earn refiners](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) a slew of state and federal environmental and environment subsidies, consisting of tradable credits under a [program](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) administered by the EPA called the Renewable Fuel Standard. But worries have actually been installing that some [products identified](https://www.zoominfo.com/c/mission-newenergy/346542889) as used cooking oil are actually less expensive and less [sustainable virgin](https://www.bloomberg.com/profile/company/MNELF:US) palm oil, an item that is connected with logging and other environmental damage.<br>
+<br>The concern entered focus following a surge in utilized cooking oil exports from Asia in current years that experts have stated involves unrealistically high volumes relative to the quantity of cooking oil utilized and recuperated in the region. The European Union is likewise examining feedstocks over the [fraud issues](https://pitchbook.com/profiles/company/51278-86).<br>
+<br>The EPA audits began after the agency updated domestic supply-chain accounting requirements in July 2023 for eco-friendly fuel manufacturers looking for to earn credits under the RFS, he stated.<br>
+<br>"EPA has performed audits of eco-friendly fuel producers since July 2023 which includes, to name a few things, an evaluation of the places that utilized cooking oil used in eco-friendly fuel production was collected," he said. "These examinations, however, are continuous and we are unable to talk about continuous enforcement examinations."<br>
+<br>U.S. [senators](https://www.bloomberg.com/profile/company/MNELF:US) from farm states have actually required more oversight of [biofuel](https://stocktwits.com/symbol/MNEL) feedstocks, saying federal companies should be as extensive in validating imports as they are [auditing domestic](https://forest500.org/rankings/companies/mission-newenergy-limited) supply chains.<br>
+<br>"The Biden administration has actually developed energetic standards to confirm, not simply trust, American manufacturers, and it is essential that the same scrutiny is used to imported feedstocks," six U.S. senators, led by [Roger Marshall](https://www.bloomberg.com/profile/company/MNELF:US) and [Sherrod](https://www.bloomberg.com/profile/company/MNELF:US) Brown, wrote in a June 20 letter to federal agencies.<br>
+<br>Another letter from 15 senators to the Treasury Department on July 30 urged the [administration](https://forest500.org/rankings/companies/mission-newenergy-limited) to omit imported feedstocks like UCO from an [extra tidy](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) fuel tax [credit program](https://forest500.org/rankings/companies/mission-newenergy-limited) passed in the Inflation Reduction Act. ([Reporting](https://www.zoominfo.com/c/mission-newenergy/346542889) by Leah Douglas in Washington Editing by [Richard Valdmanis](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) and Matthew Lewis)<br>