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+<br>By Leah Douglas<br>
+<br>Aug 7 (Reuters) - The U.S. [Environmental Protection](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) Agency has actually introduced investigations into the supply chains of a minimum of two eco-friendly fuel manufacturers in the middle of industry concerns that some may be using deceptive feedstocks for [biodiesel](https://www.google.com/search?kgmid=/m/0cqd_rb) to protect [lucrative federal](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) government aids.<br>
+<br>EPA spokesperson Jeffrey Landis told Reuters that the firm has actually introduced audits over the past year, however decreased to [recognize](https://www.crunchbase.com/organization/mission-newenergy) the business targeted due to the fact that the investigations are continuous.<br>
+<br>The production of [biodiesel](https://www.businessnews.com.au/Company/Mission-NewEnergy) from sustainable components, like utilized cooking oil, can earn refiners a slew of state and federal environmental and climate subsidies, including tradable credits under a [program administered](https://forest500.org/rankings/companies/mission-newenergy-limited) by the EPA called the Renewable Fuel Standard. But fears have been [mounting](https://www.zoominfo.com/c/mission-newenergy/346542889) that some materials identified as used cooking oil are in fact cheaper and less sustainable virgin palm oil, an item that is associated with deforestation and other [environmental damage](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html).<br>
+<br>The issue came into focus following a surge in used [cooking oil](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) [exports](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) from Asia recently that experts have actually said  high volumes relative to the amount of cooking oil utilized and recuperated in the region. The [European Union](https://www.bloomberg.com/profile/company/MNELF:US) is likewise investigating feedstocks over the fraud concerns.<br>
+<br>The EPA audits started after the firm upgraded [domestic](https://www.businessnews.com.au/Company/Mission-NewEnergy) supply-chain accounting requirements in July 2023 for sustainable fuel producers looking for to make credits under the RFS, he stated.<br>
+<br>"EPA has carried out audits of sustainable fuel producers because July 2023 which includes, to name a few things, an evaluation of the locations that used cooking oil utilized in eco-friendly fuel production was gathered," he said. "These investigations, however, are ongoing and we are unable to go over ongoing enforcement investigations."<br>
+<br>U.S. [senators](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) from farm states have actually required more oversight of [biofuel](https://www.google.com/search?kgmid=/m/0cqd_rb) feedstocks, stating federal companies must be as strenuous in [validating imports](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) as they are [auditing domestic](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) supply chains.<br>
+<br>"The Biden administration has actually developed vigorous requirements to confirm, not just trust, American manufacturers, and it is imperative that the exact same scrutiny is used to imported feedstocks," 6 U.S. senators, led by Roger Marshall and [Sherrod](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) Brown, [composed](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) in a June 20 letter to [federal companies](https://pitchbook.com/profiles/company/51278-86).<br>
+<br>Another letter from 15 senators to the Treasury Department on July 30 advised the administration to exclude imported [feedstocks](https://stocktwits.com/symbol/MNEL) like UCO from an additional clean fuel [tax credit](https://stocktwits.com/symbol/MNEL) program passed in the Inflation Reduction Act. (Reporting by Leah Douglas in Washington Editing by Richard Valdmanis and Matthew Lewis)<br>
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