oqjdoreen04570/oleovest-pl
1
0
Code Issues Actions Packages Projects Wiki

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

Staci Lantz 2025-01-12 02:10:53 +00:00
commit 7883e130f3
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. [Environmental Protection](https://pitchbook.com/profiles/company/51278-86) Agency has actually introduced examinations into the supply chains of at least 2 sustainable fuel producers amidst market issues that some might be using deceitful feedstocks for [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) to secure financially rewarding federal [government aids](https://www.google.com/search?kgmid=/m/0cqd_rb).<br>
<br>EPA representative Jeffrey Landis told [Reuters](https://www.pinterest.com.au/missionnewenergy/) that the firm has actually launched audits over the previous year, however [declined](https://stocktwits.com/symbol/MNEL) to recognize the [companies targeted](https://www.businessnews.com.au/Company/Mission-NewEnergy) since the investigations are ongoing.<br>
<br>The production of [biodiesel](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) from sustainable active ingredients, like utilized cooking oil, can earn refiners a multitude of state and federal environmental and climate subsidies, [consisting](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) of [tradable credits](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) under a program administered by the EPA called the Renewable Fuel Standard. But fears have actually been mounting that some [products identified](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) as used cooking oil are in fact more affordable and less sustainable virgin palm oil, a product that is related to logging and other environmental damage.<br>
<br>The issue entered focus following a rise in used cooking oil exports from Asia over the last few years that [experts](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) have actually stated includes [unrealistically](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) high volumes relative to the amount of utilized and recuperated in the area. The [European Union](https://forest500.org/rankings/companies/mission-newenergy-limited) is also examining [feedstocks](https://forest500.org/rankings/companies/mission-newenergy-limited) over the scams issues.<br>
<br>The EPA audits began after the firm updated domestic [supply-chain](https://www.zoominfo.com/c/mission-newenergy/346542889) accounting requirements in July 2023 for sustainable fuel producers looking for to make credits under the RFS, he stated.<br>
<br>"EPA has actually performed audits of renewable fuel producers since July 2023 which includes, to name a few things, an examination of the areas that used cooking oil utilized in sustainable fuel production was gathered," he stated. "These examinations, however, are ongoing and we are not able to discuss ongoing enforcement examinations."<br>
<br>U.S. [senators](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) from farm states have called for more [oversight](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) of [biofuel](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) feedstocks, saying federal firms need to be as strenuous in confirming imports as they are auditing [domestic supply](https://forest500.org/rankings/companies/mission-newenergy-limited) chains.<br>
<br>"The Biden administration has actually developed energetic standards to confirm, not simply trust, American manufacturers, and it is vital that the exact same analysis is used to imported feedstocks," six U.S. senators, led by Roger Marshall and Sherrod Brown, composed in a June 20 letter to federal companies.<br>
<br>Another letter from 15 senators to the Treasury Department on July 30 urged the administration to omit imported feedstocks like UCO from an extra tidy fuel tax credit program passed in the Inflation Reduction Act. ([Reporting](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) by Leah Douglas in Washington Editing by Richard Valdmanis and [Matthew](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) Lewis)<br>