commit 0d4df22bcccd2814af651951991e93607e221084 Author: kxwheidi305805 Date: Sun Jan 12 06:26:20 2025 +0300 Update 'US EPA Says it is Auditing Biofuel Producers' Pre-owned Cooking Oil Supply' diff --git a/US-EPA-Says-it-is-Auditing-Biofuel-Producers%27-Pre-owned-Cooking-Oil-Supply.md b/US-EPA-Says-it-is-Auditing-Biofuel-Producers%27-Pre-owned-Cooking-Oil-Supply.md new file mode 100644 index 0000000..5fc60ba --- /dev/null +++ b/US-EPA-Says-it-is-Auditing-Biofuel-Producers%27-Pre-owned-Cooking-Oil-Supply.md @@ -0,0 +1,10 @@ +
By Leah Douglas
+
Aug 7 (Reuters) - The U.S. Epa has [introduced investigations](https://forest500.org/rankings/companies/mission-newenergy-limited) into the supply chains of a minimum of 2 renewable fuel producers in the middle of industry issues that some might be [utilizing](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) deceptive feedstocks for [biodiesel](https://www.crunchbase.com/organization/mission-newenergy) to secure profitable government subsidies.
+
EPA representative Jeffrey Landis told [Reuters](https://forest500.org/rankings/companies/mission-newenergy-limited) that the company has actually released audits over the previous year, but declined to recognize the business targeted since the investigations are [ongoing](https://www.bloomberg.com/profile/company/MNELF:US).
+
The production of [biodiesel](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) from sustainable active ingredients, like used oil, can make [refiners](https://forest500.org/rankings/companies/mission-newenergy-limited) a slew of state and [federal ecological](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) and environment aids, consisting of tradable credits under a program administered by the EPA called the Renewable Fuel Standard. But fears have been mounting that some [materials identified](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) as used cooking oil are actually more affordable and less sustainable virgin palm oil, a product that is associated with deforestation and other environmental damage.
+
The problem entered focus following a surge in utilized cooking oil exports from Asia in the last few years that analysts have actually stated includes unrealistically high volumes relative to the quantity of cooking oil utilized and recuperated in the area. The [European Union](https://www.bloomberg.com/profile/company/MNELF:US) is also [examining feedstocks](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) over the fraud issues.
+
The EPA audits started after the firm updated domestic supply-chain accounting requirements in July 2023 for [sustainable fuel](https://stocktwits.com/symbol/MNEL) manufacturers seeking to earn credits under the RFS, he stated.
+
"EPA has actually performed audits of eco-friendly fuel producers since July 2023 which consists of, to name a few things, an examination of the locations that utilized cooking oil utilized in eco-friendly fuel production was gathered," he said. "These investigations, however, are ongoing and we are unable to talk about ongoing enforcement investigations."
+
U.S. [senators](https://www.crunchbase.com/organization/mission-newenergy) from farm states have required more oversight of [biofuel](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) feedstocks, stating federal firms should be as extensive in confirming imports as they are auditing domestic supply chains.
+
"The Biden administration has developed vigorous standards to validate, not simply trust, American manufacturers, and it is important 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 firms.
+
Another letter from 15 senators to the Treasury Department on July 30 [advised](https://www.pinterest.com.au/missionnewenergy/) the [administration](https://pitchbook.com/profiles/company/51278-86) to leave out [imported feedstocks](https://www.businessnews.com.au/Company/Mission-NewEnergy) like UCO from an [additional clean](https://www.crunchbase.com/organization/mission-newenergy) fuel tax credit program passed in the Inflation Reduction Act. ([Reporting](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) by [Leah Douglas](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) in Washington Editing by [Richard Valdmanis](https://stocktwits.com/symbol/MNEL) and Matthew Lewis)
\ No newline at end of file