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. Epa has [introduced examinations](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) into the supply chains of a minimum of two  producers in the middle of industry issues that some may be using deceptive feedstocks for [biodiesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) to secure lucrative federal government subsidies.<br>
+<br>EPA representative Jeffrey Landis informed Reuters that the agency has released audits over the previous year, however decreased to recognize the business targeted since the investigations are continuous.<br>
+<br>The production of [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) from sustainable active ingredients, like utilized cooking oil, can earn refiners a variety of state and federal environmental and climate aids, including tradable credits under a program administered by the EPA called the [Renewable Fuel](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) Standard. But fears have been mounting that some [supplies labeled](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) as used cooking oil are in fact more affordable and less [sustainable virgin](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) palm oil, a product that is related to deforestation and other [ecological damage](https://www.zoominfo.com/c/mission-newenergy/346542889).<br>
+<br>The issue came into focus following a surge in [utilized cooking](https://forest500.org/rankings/companies/mission-newenergy-limited) oil exports from Asia over the last few years that analysts have stated involves unrealistically high volumes relative to the quantity of cooking oil utilized and recuperated in the area. The European Union is also [investigating](https://stocktwits.com/symbol/MNEL) feedstocks over the fraud concerns.<br>
+<br>The EPA audits started after the firm upgraded domestic supply-chain accounting requirements in July 2023 for renewable fuel producers seeking to earn [credits](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) under the RFS, he stated.<br>
+<br>"EPA has performed audits of eco-friendly fuel producers given that July 2023 which includes, amongst other things, an evaluation of the locations that used cooking oil used in renewable fuel production was collected," he stated. "These investigations, nevertheless, are ongoing and we are unable to discuss ongoing enforcement investigations."<br>
+<br>U.S. [senators](https://www.zoominfo.com/c/mission-newenergy/346542889) from farm states have called for more oversight of [biofuel](https://stocktwits.com/symbol/MNEL) feedstocks, saying federal firms ought to be as rigorous in [verifying imports](https://pitchbook.com/profiles/company/51278-86) as they are [auditing domestic](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) supply chains.<br>
+<br>"The Biden administration has produced vigorous requirements to validate, not simply trust, American manufacturers, and it is essential that the exact same scrutiny is used to imported feedstocks," six U.S. senators, led by Roger Marshall and [Sherrod](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) Brown, composed in a June 20 letter to federal agencies.<br>
+<br>Another letter from 15 senators to the [Treasury Department](https://pitchbook.com/profiles/company/51278-86) on July 30 [advised](https://www.google.com/search?kgmid=/m/0cqd_rb) the [administration](https://www.google.com/search?kgmid=/m/0cqd_rb) to omit imported [feedstocks](https://www.pinterest.com.au/missionnewenergy/) like UCO from an [additional clean](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) fuel [tax credit](https://stocktwits.com/symbol/MNEL) program passed in the Inflation Reduction Act. (Reporting by Leah Douglas in Washington Editing by Richard Valdmanis and Matthew Lewis)<br>