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Mission NewEnergy Ltd

Mission NewEnergy Ltd

Overview

  • Founded Date October 10, 1919
  • Sectors Security Guard
  • Posted Jobs 0
  • Viewed 9

Company Description

US EPA Says it is Auditing Biofuel Producers’ Pre-owned Cooking Oil Supply

By Leah Douglas

Aug 7 (Reuters) – The U.S. Epa has actually launched investigations into the supply chains of at least 2 eco-friendly fuel producers in the middle of industry issues that some may be utilizing deceitful feedstocks for biodiesel to protect profitable government subsidies.

EPA representative Jeffrey Landis informed Reuters that the company has actually launched audits over the past year, but decreased to identify the business targeted since the examinations are continuous.

The production of biodiesel from sustainable components, like utilized cooking oil, can make refiners a variety of state and federal environmental and climate subsidies, including tradable credits under a program administered by the EPA called the Renewable Fuel Standard. But fears have been installing that some supplies identified as used cooking oil are really cheaper and less palm oil, a product that is associated with logging and other environmental damage.

The issue came into focus following a rise in utilized cooking oil exports from Asia in current years that experts have said includes unrealistically high volumes relative to the amount of cooking oil utilized and recovered in the region. The European Union is also investigating feedstocks over the scams issues.

The EPA audits started after the agency updated domestic supply-chain accounting requirements in July 2023 for renewable fuel producers looking for to make credits under the RFS, he said.

“EPA has conducted audits of renewable fuel producers considering that July 2023 that includes, among other things, an examination of the places that used cooking oil used in sustainable fuel production was collected,” he said. “These investigations, however, are continuous and we are not able to go over continuous enforcement investigations.”

U.S. senators from farm states have required more oversight of biofuel feedstocks, stating federal firms need to be as extensive in confirming imports as they are auditing domestic supply chains.

“The Biden administration has actually created energetic standards to verify, not just trust, American producers, and it is vital that the very same scrutiny is applied to imported feedstocks,” 6 U.S. senators, led by Roger Marshall and Sherrod Brown, wrote in a June 20 letter to federal agencies.

Another letter from 15 senators to the Treasury Department on July 30 advised the administration to leave out imported feedstocks 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 Valdmanis and Matthew Lewis)