From b9cf825b4f1dd2f8cfdc0fc5dcda58e738f63237 Mon Sep 17 00:00:00 2001 From: elirowan693075 Date: Sun, 12 Jan 2025 04:58:14 +0800 Subject: [PATCH] Update 'US EPA Says it is Auditing Biofuel Producers' used Cooking Oil Supply' --- ...ing-Biofuel-Producers%27-used-Cooking-Oil-Supply.md | 10 ++++++++++ 1 file changed, 10 insertions(+) create mode 100644 US-EPA-Says-it-is-Auditing-Biofuel-Producers%27-used-Cooking-Oil-Supply.md diff --git a/US-EPA-Says-it-is-Auditing-Biofuel-Producers%27-used-Cooking-Oil-Supply.md b/US-EPA-Says-it-is-Auditing-Biofuel-Producers%27-used-Cooking-Oil-Supply.md new file mode 100644 index 0000000..d514f3d --- /dev/null +++ b/US-EPA-Says-it-is-Auditing-Biofuel-Producers%27-used-Cooking-Oil-Supply.md @@ -0,0 +1,10 @@ +
By Leah Douglas
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Aug 7 (Reuters) - The U.S. Epa has actually [released examinations](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) into the [supply chains](https://www.pinterest.com.au/missionnewenergy/) of a minimum of 2 [sustainable fuel](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) producers amidst market issues that some might be utilizing deceptive feedstocks for [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) to protect financially rewarding federal [government aids](https://www.zoominfo.com/c/mission-newenergy/346542889).
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EPA representative Jeffrey Landis told Reuters that the firm has launched audits over the past year, but declined to determine the [business targeted](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) because the examinations are continuous.
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The production of [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) from sustainable components, like utilized cooking oil, can earn refiners a variety of state and federal environmental and environment subsidies, including tradable credits under a program administered by the EPA called the Renewable Fuel [Standard](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). But worries have been mounting that some materials labeled as [utilized](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) [cooking oil](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) are in fact [cheaper](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) and less [sustainable virgin](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) palm oil, a [product](https://forest500.org/rankings/companies/mission-newenergy-limited) that is related to deforestation and other environmental damage.
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The issue entered focus following a surge in utilized cooking oil exports from Asia over the last few years that experts have said includes unrealistically high volumes relative to the quantity of cooking oil used and [recovered](https://forest500.org/rankings/companies/mission-newenergy-limited) in the area. The European Union is likewise investigating feedstocks over the fraud issues.
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The [EPA audits](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) began after the firm upgraded domestic [supply-chain](https://www.bloomberg.com/profile/company/MNELF:US) in July 2023 for sustainable fuel manufacturers seeking to make credits under the RFS, he said.
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"EPA has actually conducted audits of renewable fuel manufacturers because July 2023 which includes, to name a few things, an assessment of the places that used cooking oil used in sustainable fuel production was collected," he stated. "These examinations, however, are ongoing and we are unable to discuss ongoing enforcement examinations."
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U.S. senators from farm states have actually required more oversight of [biofuel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) feedstocks, [stating federal](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) firms must be as strenuous in verifying imports as they are auditing domestic supply chains.
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"The Biden administration has actually produced energetic standards to verify, not simply trust, American manufacturers, and it is necessary that the same analysis is used to imported feedstocks," 6 U.S. senators, led by [Roger Marshall](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) and Sherrod Brown, wrote in a June 20 letter to federal firms.
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Another letter from 15 senators to the [Treasury Department](https://forest500.org/rankings/companies/mission-newenergy-limited) on July 30 prompted the administration to exclude imported feedstocks like UCO from an extra clean fuel tax credit program passed in the Inflation Reduction Act. (Reporting by Leah Douglas in [Washington Editing](https://pitchbook.com/profiles/company/51278-86) by Richard Valdmanis and Matthew Lewis)
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