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<br>By Leah Douglas<br> |
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<br>Aug 7 (Reuters) - The U.S. [Environmental Protection](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) Agency has actually [introduced examinations](https://stocktwits.com/symbol/MNEL) into the supply chains of at least 2 eco-friendly fuel manufacturers in the middle of market concerns that some may be utilizing deceptive feedstocks for [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) to protect rewarding government subsidies.<br> |
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<br>EPA spokesperson Jeffrey Landis [informed Reuters](https://www.crunchbase.com/organization/mission-newenergy) that the firm has introduced audits over the past year, however declined to determine the business targeted because the investigations are [continuous](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/).<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 active](https://www.pinterest.com.au/missionnewenergy/) ingredients, like used cooking oil, can make refiners a [variety](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) of state and federal environmental and climate subsidies, [including tradable](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) credits under a program administered by the EPA called the Renewable Fuel . But fears have been [mounting](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) that some materials identified as utilized cooking oil are really more affordable and less sustainable virgin palm oil, a product that is related to deforestation and other [ecological damage](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).<br> |
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<br>The problem entered into focus following a surge in used cooking oil exports from Asia recently that [analysts](https://pitchbook.com/profiles/company/51278-86) have actually stated includes unrealistically high volumes relative to the amount of cooking oil utilized and recuperated in the region. The European Union is likewise [examining](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) feedstocks over the scams concerns.<br> |
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<br>The EPA audits began after the company updated domestic supply-chain accounting requirements in July 2023 for eco-friendly fuel manufacturers seeking to earn credits under the RFS, he stated.<br> |
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<br>"EPA has actually carried out audits of sustainable fuel producers since July 2023 that includes, to name a few things, an examination of the locations that utilized cooking oil utilized in eco-friendly fuel production was gathered," he said. "These examinations, however, are ongoing and we are not able to discuss continuous enforcement examinations."<br> |
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<br>U.S. senators from farm states have actually [required](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) more oversight of [biofuel](https://www.zoominfo.com/c/mission-newenergy/346542889) feedstocks, stating federal firms should be as strenuous in validating imports as they are [auditing domestic](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) [supply chains](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048).<br> |
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<br>"The Biden administration has developed vigorous requirements to confirm, not just trust, American manufacturers, and it is essential that the exact same examination is applied to imported feedstocks," 6 U.S. senators, led by Roger Marshall and Sherrod Brown, composed in a June 20 letter to federal agencies.<br> |
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<br>Another letter from 15 senators to the Treasury Department on July 30 advised the [administration](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 omit imported feedstocks like UCO from an extra clean fuel tax credit program passed in the Inflation [Reduction](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) Act. (Reporting by [Leah Douglas](https://www.crunchbase.com/organization/mission-newenergy) in Washington Editing by [Richard Valdmanis](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) and Matthew Lewis)<br> |
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