From 38e37313bd1b75d9d7330e2fcf57b63c27477f11 Mon Sep 17 00:00:00 2001 From: Mercedes Mccarter Date: Thu, 16 Jan 2025 22:06:58 +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..ad87eb3 --- /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. Epa has actually launched examinations into the [supply chains](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) of at least 2 sustainable fuel producers in the middle of [industry issues](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) that some may be using deceptive feedstocks for [biodiesel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) to protect [financially rewarding](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) government subsidies.
+
EPA spokesperson Jeffrey Landis told Reuters that the agency has actually launched audits over the past year, but declined to determine the business targeted since the investigations are [ongoing](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html).
+
The production of [biodiesel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) from sustainable components, like utilized cooking oil, can earn refiners a multitude of state and federal ecological and subsidies, including tradable credits under a program administered by the EPA called the Renewable Fuel Standard. But worries have actually been installing that some [materials labeled](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) as utilized cooking oil are actually more [affordable](https://pitchbook.com/profiles/company/51278-86) and less [sustainable virgin](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) palm oil, an item that is related to logging and other ecological damage.
+
The issue entered into focus following a surge in used cooking oil exports from Asia recently that experts have stated involves unrealistically high [volumes relative](https://forest500.org/rankings/companies/mission-newenergy-limited) to the amount of [cooking oil](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) utilized and recovered in the area. The European Union is likewise examining feedstocks over the [fraud concerns](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price).
+
The [EPA audits](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) began after the agency updated domestic supply-chain accounting requirements in July 2023 for sustainable fuel manufacturers looking for to make credits under the RFS, he stated.
+
"EPA has actually carried out audits of eco-friendly fuel producers because July 2023 that includes, amongst other things, an examination of the areas that utilized cooking oil used in eco-friendly fuel production was gathered," he stated. "These investigations, however, are ongoing and we are not able to talk about ongoing enforcement investigations."
+
U.S. [senators](https://forest500.org/rankings/companies/mission-newenergy-limited) from farm states have required more oversight of [biofuel](https://www.zoominfo.com/c/mission-newenergy/346542889) feedstocks, saying federal firms should be as extensive in validating imports as they are auditing [domestic supply](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) chains.
+
"The Biden administration has created energetic standards to confirm, not just trust, American producers, and it is important that the very same scrutiny is used to imported feedstocks," 6 U.S. senators, led by Roger Marshall and Sherrod Brown, composed in a June 20 letter to [federal firms](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/).
+
Another letter from 15 senators to the [Treasury Department](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) on July 30 advised the administration to exclude imported [feedstocks](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) like UCO from an additional clean fuel tax credit program passed in the Inflation Reduction Act. (Reporting by Leah Douglas in Washington Editing by [Richard](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) Valdmanis and [Matthew](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) Lewis)
\ No newline at end of file