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<br>By Leah Douglas<br> |
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<br>Aug 7 (Reuters) - The U.S. Environmental Protection Agency has actually launched investigations into the supply chains of a minimum of two eco-friendly fuel manufacturers amidst market concerns that some might be using fraudulent feedstocks for [biodiesel](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) to secure rewarding federal government aids.<br> |
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<br>EPA spokesperson Jeffrey Landis informed Reuters that the company has actually launched audits over the past year, but declined to recognize the business targeted since the examinations are continuous.<br> |
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<br>The production of [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) from [sustainable](https://stocktwits.com/symbol/MNEL) ingredients, like utilized cooking oil, can make refiners a variety of state and federal ecological and [climate](https://www.google.com/search?kgmid=/m/0cqd_rb) aids, consisting of tradable credits under a program administered by the EPA called the Renewable Fuel [Standard](https://www.crunchbase.com/organization/mission-newenergy). But fears have actually been mounting that some products identified as utilized cooking oil are really less expensive and less sustainable virgin palm oil, an item that is connected with [logging](https://www.google.com/search?kgmid=/m/0cqd_rb) and other [environmental damage](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd).<br> |
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<br>The issue came into focus following a surge in used cooking oil exports from Asia in recent years that analysts have actually said includes unrealistically high volumes relative to the [quantity](https://stocktwits.com/symbol/MNEL) of cooking oil utilized and recuperated in the region. The European Union is likewise investigating feedstocks over the scams concerns.<br> |
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<br>The EPA audits started after the firm upgraded domestic supply-chain accounting [requirements](https://www.zoominfo.com/c/mission-newenergy/346542889) in July 2023 for [sustainable](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) [fuel producers](https://www.crunchbase.com/organization/mission-newenergy) looking for to make under the RFS, he said.<br> |
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<br>"EPA has conducted audits of renewable fuel manufacturers considering that July 2023 that includes, to name a few things, an evaluation of the areas that utilized cooking oil used in sustainable fuel production was gathered," he said. "These investigations, however, are ongoing and we are not able to talk about ongoing enforcement investigations."<br> |
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<br>U.S. senators from farm states have called for more [oversight](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) of [biofuel](https://www.pinterest.com.au/missionnewenergy/) feedstocks, stating federal firms must be as strenuous in [validating imports](https://www.crunchbase.com/organization/mission-newenergy) as they are [auditing](https://www.google.com/search?kgmid=/m/0cqd_rb) [domestic supply](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) chains.<br> |
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<br>"The Biden administration has actually produced energetic standards to validate, not simply trust, American producers, and it is crucial that the very same analysis is used to imported feedstocks," 6 U.S. senators, led by Roger Marshall and Sherrod Brown, composed in a June 20 letter to federal companies.<br> |
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<br>Another letter from 15 senators to the [Treasury Department](https://www.crunchbase.com/organization/mission-newenergy) on July 30 prompted the administration to exclude imported [feedstocks](https://stocktwits.com/symbol/MNEL) like UCO from an [extra tidy](https://www.businessnews.com.au/Company/Mission-NewEnergy) fuel [tax credit](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) program passed in the Inflation Reduction Act. (Reporting by Leah Douglas in [Washington](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) Editing by Richard Valdmanis and Matthew Lewis)<br> |
