From 4c81b17d19f1ac9673f3c64aafc0f7b70a163968 Mon Sep 17 00:00:00 2001 From: candelariasaul Date: Sun, 12 Jan 2025 14:39:07 +0800 Subject: [PATCH] Add US EPA Says it is Auditing Biofuel Producers' Secondhand Cooking Oil Supply --- ...ofuel-Producers%27-Secondhand-Cooking-Oil-Supply.md | 10 ++++++++++ 1 file changed, 10 insertions(+) create mode 100644 US-EPA-Says-it-is-Auditing-Biofuel-Producers%27-Secondhand-Cooking-Oil-Supply.md diff --git a/US-EPA-Says-it-is-Auditing-Biofuel-Producers%27-Secondhand-Cooking-Oil-Supply.md b/US-EPA-Says-it-is-Auditing-Biofuel-Producers%27-Secondhand-Cooking-Oil-Supply.md new file mode 100644 index 0000000..da140dc --- /dev/null +++ b/US-EPA-Says-it-is-Auditing-Biofuel-Producers%27-Secondhand-Cooking-Oil-Supply.md @@ -0,0 +1,10 @@ +
By Leah Douglas
+
Aug 7 (Reuters) - The U.S. [Environmental Protection](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) Agency has launched examinations into the supply chains of a minimum of 2 sustainable fuel [manufacturers](https://www.businessnews.com.au/Company/Mission-NewEnergy) [amidst industry](https://pitchbook.com/profiles/company/51278-86) issues that some may be using deceitful feedstocks for [biodiesel](https://www.crunchbase.com/organization/mission-newenergy) to secure lucrative aids.
+
EPA spokesperson Jeffrey Landis informed Reuters that the agency has introduced audits over the previous year, but declined to determine the companies targeted due to the fact that the investigations are continuous.
+
The production of [biodiesel](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) from sustainable components, like utilized cooking oil, can make refiners a variety of state and federal environmental and environment aids, including tradable credits under a [program administered](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) by the EPA called the Renewable Fuel Standard. But worries have been installing that some materials labeled as utilized cooking oil are actually cheaper and less sustainable virgin palm oil, an item that is related to logging and other environmental damage.
+
The issue entered into focus following a surge in used [cooking oil](https://www.crunchbase.com/organization/mission-newenergy) exports from Asia over the last few years that experts have actually stated involves unrealistically high volumes relative to the amount of cooking oil used and recuperated in the area. The European Union is likewise investigating feedstocks over the fraud concerns.
+
The EPA audits started after the firm updated domestic supply-chain [accounting](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) requirements in July 2023 for renewable fuel [producers](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) looking for to make [credits](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) under the RFS, he stated.
+
"EPA has conducted audits of renewable fuel producers considering that July 2023 that includes, to name a few things, an assessment of the locations that used cooking oil used in renewable fuel production was collected," he stated. "These examinations, nevertheless, are ongoing and we are unable to go over ongoing enforcement examinations."
+
U.S. senators from farm states have called for more oversight of [biofuel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) feedstocks, saying [federal firms](https://stocktwits.com/symbol/MNEL) must be as [extensive](https://stocktwits.com/symbol/MNEL) in [verifying](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) imports as they are [auditing domestic](https://www.pinterest.com.au/missionnewenergy/) supply chains.
+
"The Biden administration has developed vigorous requirements to verify, not simply trust, American producers, and it is important that the same scrutiny is applied to imported feedstocks," six U.S. senators, led by [Roger Marshall](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) and Sherrod Brown, [composed](https://pitchbook.com/profiles/company/51278-86) in a June 20 letter to federal companies.
+
Another letter from 15 [senators](https://www.google.com/search?kgmid=/m/0cqd_rb) to the [Treasury Department](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) on July 30 urged the administration to [omit imported](https://www.google.com/search?kgmid=/m/0cqd_rb) feedstocks like UCO from an additional tidy fuel tax credit program passed in the [Inflation Reduction](https://forest500.org/rankings/companies/mission-newenergy-limited) Act. (Reporting by Leah Douglas in Washington Editing by Richard Valdmanis and Matthew Lewis)
\ No newline at end of file