christinaupton
/
oleovest-pl
1
0
Code Issues Packages Projects Wiki

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

Valorie Iverson 2025-01-12 17:38:35 +00:00
parent b1d16b2cc7
commit a482e7eca6
1 changed files with 10 additions and 0 deletions
Show Stats Download Patch File Download Diff File Expand all files Collapse all files

10
US-EPA-Says-it-is-Auditing-Biofuel-Producers%27-used-Cooking-Oil-Supply.md Normal file

@ -0,0 +1,10 @@
<br>By Leah Douglas<br>
<br>Aug 7 (Reuters) - The U.S. [Environmental Protection](https://www.crunchbase.com/organization/mission-newenergy) Agency has actually introduced examinations into the [supply chains](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) of a minimum of 2 sustainable fuel producers in the middle of market concerns that some might be utilizing deceitful feedstocks for [biodiesel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) to protect profitable government aids.<br>
<br>EPA representative [Jeffrey](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) Landis told [Reuters](https://forest500.org/rankings/companies/mission-newenergy-limited) that the firm has actually released audits over the previous year, but declined to [determine](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) the business targeted since the investigations are continuous.<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 sustainable ingredients, like used cooking oil, can earn refiners a multitude of state and federal environmental and [environment](https://www.businessnews.com.au/Company/Mission-NewEnergy) aids, consisting of tradable credits under a [program](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) administered by the EPA called the Renewable Fuel Standard. But worries have actually been installing that some supplies identified as utilized cooking oil are in fact cheaper and less sustainable virgin palm oil, a [product](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) that is associated with logging and other ecological damage.<br>
<br>The issue entered focus following a surge in [utilized cooking](https://www.bloomberg.com/profile/company/MNELF:US) oil exports from Asia over the last few years that [experts](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) have actually said includes unrealistically high volumes relative to the quantity of utilized and recovered in the region. The European Union is also [investigating](https://www.pinterest.com.au/missionnewenergy/) feedstocks over the scams issues.<br>
<br>The EPA audits started after the agency [upgraded domestic](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) supply-chain [accounting](https://www.google.com/search?kgmid=/m/0cqd_rb) [requirements](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) in July 2023 for renewable fuel manufacturers seeking to earn credits under the RFS, he stated.<br>
<br>"EPA has conducted audits of renewable fuel manufacturers since July 2023 that includes, to name a few things, an evaluation of the locations that used cooking oil used in eco-friendly fuel production was collected," he said. "These investigations, however, are continuous and we are unable to discuss ongoing enforcement investigations."<br>
<br>U.S. senators from farm states have required more oversight of [biofuel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) feedstocks, saying federal firms ought to be as extensive in [confirming imports](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) as they are auditing domestic supply chains.<br>
<br>"The Biden administration has actually produced vigorous standards to confirm, not just trust, American producers, and it is imperative that the same scrutiny is applied to imported feedstocks," 6 U.S. senators, led by Roger Marshall and [Sherrod](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) Brown, wrote in a June 20 letter to [federal agencies](https://stocktwits.com/symbol/MNEL).<br>
<br>Another letter from 15 senators to the Treasury Department on July 30 advised the administration to leave out imported feedstocks like UCO from an additional tidy fuel tax credit program passed in the Inflation Reduction Act. (Reporting by Leah Douglas in [Washington Editing](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) by Richard Valdmanis and Matthew Lewis)<br>