ludiemanson95/mission-biotechnologies-sdn.-bhd
1
0
Code Issues Actions Packages Projects Wiki

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

Andreas Ernest 2025-01-18 07:30:06 +00:00
commit 6d7c1cf9cb
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-Secondhand-Cooking-Oil-Supply.md Normal file

@ -0,0 +1,10 @@
<br>By Leah Douglas<br>
<br>Aug 7 (Reuters) - The U.S. Epa has launched examinations into the supply chains of at least two eco-friendly fuel [manufacturers](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) amidst industry issues that some might be [utilizing deceptive](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) feedstocks for [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) to protect profitable government aids.<br>
<br>EPA representative Jeffrey Landis informed Reuters that the company has actually released audits over the previous year, however decreased to recognize the companies targeted due to the fact that the examinations are ongoing.<br>
<br>The production of [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) from sustainable active ingredients, like utilized cooking oil, can earn refiners a slew of state and federal ecological and [environment](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) aids, including tradable credits under a [program administered](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) by the EPA called the [Renewable Fuel](https://pitchbook.com/profiles/company/51278-86) Standard. But worries have been installing that some products identified as used [cooking](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) oil are really more affordable and less [sustainable virgin](https://pitchbook.com/profiles/company/51278-86) palm oil, an item that is connected with logging and other ecological damage.<br>
<br>The concern came into focus following a rise in utilized cooking oil exports from Asia in the last few years that [analysts](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) have actually stated involves unrealistically high volumes relative to the [quantity](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) of cooking oil utilized and [recuperated](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) in the region. The European Union is also examining feedstocks over the [scams issues](https://stocktwits.com/symbol/MNEL).<br>
<br>The EPA audits began after the agency upgraded domestic supply-chain accounting requirements in July 2023 for renewable fuel manufacturers seeking to [earn credits](https://www.zoominfo.com/c/mission-newenergy/346542889) under the RFS, he said.<br>
<br>"EPA has performed audits of sustainable fuel manufacturers because July 2023 that includes, amongst other things, an assessment of the places that utilized cooking oil utilized in sustainable fuel production was gathered," he said. "These examinations, nevertheless, are continuous and we are not able to go over ongoing enforcement investigations."<br>
<br>U.S. senators from farm states have actually called for more of [biofuel](https://www.pinterest.com.au/missionnewenergy/) feedstocks, [stating federal](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) firms need to be as extensive in [confirming imports](https://www.bloomberg.com/profile/company/MNELF:US) as they are auditing domestic [supply chains](https://www.google.com/search?kgmid=/m/0cqd_rb).<br>
<br>"The Biden administration has actually produced vigorous standards to confirm, not just trust, American producers, and it is essential that the 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 companies.<br>
<br>Another letter from 15 senators to the [Treasury Department](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) on July 30 prompted the administration to omit imported feedstocks like UCO from an [additional clean](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) fuel tax credit program passed in the Inflation Reduction Act. (Reporting by Leah Douglas in [Washington](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) Editing by Richard Valdmanis and Matthew Lewis)<br>