brandi72x33347
/
m2-capital-sdn.-bhd
1
0
Code Issues Packages Projects Wiki

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

Jarred Worgan 2025-01-12 04:46:55 +08:00
parent 76dedfef5c
commit 9448999dc4
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://www.energy-xprt.com/companies/mission-newenergy-limited-36048) Agency has released investigations into the supply chains of at least 2 sustainable [fuel manufacturers](https://pitchbook.com/profiles/company/51278-86) in the middle of market issues that some may be using deceptive feedstocks for [biodiesel](https://www.google.com/search?kgmid=/m/0cqd_rb) to secure profitable federal government subsidies.<br>
<br>EPA representative Jeffrey Landis informed Reuters that the firm has actually released audits over the previous year, however declined to [determine](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) the business targeted due to the fact that the [investigations](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) are [ongoing](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html).<br>
<br>The production of [biodiesel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) from [sustainable](https://pitchbook.com/profiles/company/51278-86) components, like utilized cooking oil, can make refiners a slew of state and federal environmental and environment subsidies, [including tradable](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) credits under a program administered by the EPA called the [Renewable Fuel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) Standard. But worries have actually been mounting that some supplies identified as utilized cooking oil are in fact cheaper and less [sustainable virgin](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) palm oil, an item that is connected with logging and other environmental damage.<br>
<br>The problem came into focus following a rise in utilized cooking oil exports from Asia in the last few years that experts have stated includes [unrealistically](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) high volumes relative to the [quantity](https://www.pinterest.com.au/missionnewenergy/) of cooking oil used and recovered in the region. The European Union is also examining feedstocks over the scams issues.<br>
<br>The EPA audits began after the firm updated domestic [supply-chain accounting](https://www.pinterest.com.au/missionnewenergy/) requirements in July 2023 for [sustainable fuel](https://www.crunchbase.com/organization/mission-newenergy) manufacturers [seeking](https://www.google.com/search?kgmid=/m/0cqd_rb) to under the RFS, he said.<br>
<br>"EPA has actually conducted audits of sustainable fuel manufacturers since July 2023 which consists of, to name a few things, an assessment of the locations that used cooking oil used in eco-friendly fuel production was collected," he stated. "These investigations, however, are ongoing and we are unable to go over continuous enforcement examinations."<br>
<br>U.S. [senators](https://www.crunchbase.com/organization/mission-newenergy) from farm states have required more oversight of [biofuel](https://www.zoominfo.com/c/mission-newenergy/346542889) feedstocks, stating federal firms ought to be as strenuous in verifying imports as they are auditing domestic supply chains.<br>
<br>"The Biden administration has actually created energetic standards to verify, not simply trust, American producers, and it is crucial that the exact same analysis is used to imported feedstocks," 6 U.S. senators, led by Roger Marshall and Sherrod Brown, wrote in a June 20 letter to [federal agencies](https://www.google.com/search?kgmid=/m/0cqd_rb).<br>
<br>Another letter from 15 senators to the Treasury Department on July 30 urged the [administration](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) to exclude imported feedstocks like UCO from an extra clean fuel tax credit program passed in the Inflation Reduction Act. ([Reporting](https://www.google.com/search?kgmid=/m/0cqd_rb) by Leah Douglas in Washington Editing by Richard Valdmanis and Matthew Lewis)<br>