erika835077233/mission-agroenergy-ltd
1
0
Code Issues Actions Packages Projects Wiki

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

Hassan Mcgehee 2025-01-12 00:51:16 +02:00
parent 49d230d131
commit 0c356d34cc
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. Epa has launched examinations into the supply chains of a minimum of two sustainable fuel producers [amidst industry](https://www.zoominfo.com/c/mission-newenergy/346542889) issues that some might be [utilizing deceitful](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) feedstocks for [biodiesel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) to [secure lucrative](https://stocktwits.com/symbol/MNEL) government subsidies.<br>
<br>EPA spokesperson Jeffrey Landis informed that the firm has introduced audits over the previous year, however decreased to identify the business targeted since the examinations are ongoing.<br>
<br>The production of [biodiesel](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) from sustainable components, like used cooking oil, can make [refiners](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) a slew of state and federal ecological and environment subsidies, consisting of tradable credits under a program administered by the EPA called the Renewable Fuel [Standard](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053). But worries have actually been installing that some [supplies labeled](https://www.crunchbase.com/organization/mission-newenergy) as utilized cooking oil are actually more affordable and less sustainable virgin palm oil, an item that is related to [deforestation](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) and other [ecological damage](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/).<br>
<br>The issue entered focus following a surge in used cooking oil exports from Asia recently that analysts have said includes unrealistically high [volumes relative](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) to the quantity of cooking oil used and recovered in the area. The European Union is also investigating feedstocks over the scams issues.<br>
<br>The EPA audits started after the firm updated domestic supply-chain accounting requirements in July 2023 for eco-friendly fuel [manufacturers](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) looking for to earn [credits](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) under the RFS, he said.<br>
<br>"EPA has conducted audits of sustainable fuel manufacturers given that July 2023 that includes, among other things, an examination of the locations that utilized cooking oil used in eco-friendly fuel production was gathered," he said. "These investigations, however, are continuous and we are not able to go over continuous enforcement examinations."<br>
<br>U.S. senators from farm states have actually required more oversight of [biofuel](https://stocktwits.com/symbol/MNEL) feedstocks, stating federal [agencies](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) must be as strenuous in [validating imports](https://www.businessnews.com.au/Company/Mission-NewEnergy) as they are [auditing domestic](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) [supply chains](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price).<br>
<br>"The Biden administration has actually created energetic standards to confirm, not just trust, American producers, and it is crucial that the exact same analysis is applied to imported feedstocks," six U.S. senators, led by Roger Marshall and Sherrod Brown, wrote in a June 20 letter to federal agencies.<br>
<br>Another letter from 15 senators to the Treasury Department on July 30 advised the administration to exclude imported [feedstocks](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) like UCO from an extra tidy fuel tax credit [program passed](https://forest500.org/rankings/companies/mission-newenergy-limited) in the Inflation Reduction Act. (Reporting by [Leah Douglas](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) in Washington Editing by Richard Valdmanis and Matthew Lewis)<br>