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<br>By Leah Douglas<br>
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<br>Aug 7 (Reuters) - The U.S. Epa has actually [introduced examinations](https://www.zoominfo.com/c/mission-newenergy/346542889) into the supply chains of a minimum of 2 [renewable](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) fuel market concerns that some may be using fraudulent feedstocks for [biodiesel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) to secure financially rewarding government aids.<br>
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<br>EPA spokesperson Jeffrey Landis told [Reuters](https://pitchbook.com/profiles/company/51278-86) that the agency has actually released audits over the previous year, however decreased to identify the companies targeted since the investigations are ongoing.<br>
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<br>The production of [biodiesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) from sustainable ingredients, like utilized cooking oil, can earn refiners a multitude of state and federal ecological and environment aids, consisting of tradable credits under a program administered by the EPA called the Renewable Fuel [Standard](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price). But fears have been installing that some products identified as used cooking oil are actually more affordable and less [sustainable virgin](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) palm oil, an item that is connected with [logging](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) and other ecological damage.<br>
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<br>The issue entered into focus following a rise in utilized cooking [oil exports](https://www.businessnews.com.au/Company/Mission-NewEnergy) from Asia in recent years that experts have stated involves unrealistically high [volumes relative](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) to the amount of cooking oil utilized and [recovered](https://www.crunchbase.com/organization/mission-newenergy) in the area. The European Union is also 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 in July 2023 for eco-friendly fuel [producers seeking](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) to earn credits under the RFS, he said.<br>
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<br>"EPA has actually performed audits of renewable fuel producers since July 2023 which includes, amongst other things, an assessment of the areas that utilized cooking oil used in eco-friendly fuel production was collected," he said. "These examinations, however, are continuous and we are unable to talk about continuous enforcement examinations."<br>
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<br>U.S. [senators](https://www.bloomberg.com/profile/company/MNELF:US) from farm states have required more oversight of [biofuel](https://www.businessnews.com.au/Company/Mission-NewEnergy) feedstocks, stating federal firms should be as extensive in verifying imports as they are [auditing domestic](https://forest500.org/rankings/companies/mission-newenergy-limited) supply chains.<br>
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<br>"The Biden administration has actually developed energetic requirements to verify, not just trust, American producers, and it is important that the very same examination is used to imported feedstocks," 6 U.S. senators, led by [Roger Marshall](https://www.bloomberg.com/profile/company/MNELF:US) and Sherrod Brown, wrote 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 prompted the [administration](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) to [exclude imported](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) feedstocks like UCO from an extra clean [fuel tax](https://www.crunchbase.com/organization/mission-newenergy) credit [program](https://stocktwits.com/symbol/MNEL) passed in the Inflation Reduction Act. (Reporting by Leah Douglas in Washington [Editing](https://www.bloomberg.com/profile/company/MNELF:US) by Richard Valdmanis and Matthew Lewis)<br>
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