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<br>By Leah Douglas<br> |
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<br>Aug 7 (Reuters) - The U.S. Epa has introduced investigations into the supply chains of a minimum of 2 sustainable fuel manufacturers amid industry issues that some might be using [deceitful feedstocks](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) for [biodiesel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) to [protect rewarding](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) federal government subsidies.<br> |
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<br>EPA representative [Jeffrey](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) Landis informed Reuters that the firm has launched audits over the previous year, however declined to determine the companies targeted since the investigations are continuous.<br> |
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<br>The production of [biodiesel](https://www.pinterest.com.au/missionnewenergy/) from sustainable components, like used cooking oil, can make refiners a slew of state and federal environmental and environment aids, consisting of tradable credits under a program [administered](https://forest500.org/rankings/companies/mission-newenergy-limited) by the EPA called the [Renewable Fuel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) Standard. But fears have been installing that some supplies labeled as used cooking oil are really more affordable and less sustainable virgin palm oil, a product that is related to [logging](https://stocktwits.com/symbol/MNEL) and other [ecological damage](https://forest500.org/rankings/companies/mission-newenergy-limited).<br> |
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<br>The problem entered into focus following a surge in used cooking oil exports from Asia in the last few years that experts have actually stated involves unrealistically high [volumes relative](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) to the [quantity](https://www.businessnews.com.au/Company/Mission-NewEnergy) 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) used and recovered in the region. The European Union is likewise investigating feedstocks over the [fraud issues](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/).<br> |
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<br>The EPA audits began after the agency upgraded domestic supply-chain accounting [requirements](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) in July 2023 for renewable fuel manufacturers looking for to make credits under the RFS, he said.<br> |
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<br>"EPA has actually carried out audits of sustainable fuel manufacturers since July 2023 which consists of, to name a few things, an assessment of the places that utilized cooking oil used in eco-friendly fuel production was gathered," he stated. "These examinations, nevertheless, are continuous and we are not able to go over ongoing enforcement investigations."<br> |
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<br>U.S. senators from farm states have more oversight of [biofuel](https://www.pinterest.com.au/missionnewenergy/) feedstocks, stating federal [agencies](https://stocktwits.com/symbol/MNEL) need to be as rigorous in validating imports as they are auditing domestic supply chains.<br> |
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<br>"The Biden administration has actually developed energetic standards to validate, not just trust, American manufacturers, and it is important that the very same scrutiny is used to imported feedstocks," 6 U.S. senators, led by Roger Marshall and [Sherrod](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) Brown, wrote in a June 20 letter to federal agencies.<br> |
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<br>Another letter from 15 [senators](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) to the Treasury Department on July 30 advised the [administration](https://www.bloomberg.com/profile/company/MNELF:US) to leave out imported feedstocks like UCO from an [additional tidy](https://www.bloomberg.com/profile/company/MNELF:US) fuel tax [credit program](https://www.bloomberg.com/profile/company/MNELF:US) passed in the Inflation Reduction Act. (Reporting by Leah Douglas in Washington Editing by Richard Valdmanis and Matthew Lewis)<br> |
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