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+<br>By Leah Douglas<br>
+<br>Aug 7 (Reuters) - The U.S. Epa has actually [introduced investigations](https://www.google.com/search?kgmid=/m/0cqd_rb) into the [supply chains](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) of a minimum of two sustainable fuel producers in the middle of industry issues that some might be [utilizing](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) fraudulent feedstocks for [biodiesel](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) to secure rewarding government subsidies.<br>
+<br>EPA [representative Jeffrey](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) Landis told Reuters that the agency has actually introduced audits over the previous year, but decreased to identify the companies targeted since the examinations are ongoing.<br>
+<br>The [production](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) of [biodiesel](https://www.zoominfo.com/c/mission-newenergy/346542889) from [sustainable active](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) ingredients, like utilized cooking oil, can earn refiners a slew of state and federal environmental and environment subsidies, including tradable [credits](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) under a program [administered](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) by the EPA called the [Renewable Fuel](https://www.businessnews.com.au/Company/Mission-NewEnergy) Standard. But worries have actually been installing that some products identified as utilized cooking oil are in fact cheaper and less sustainable virgin palm oil, an item that is connected with [logging](https://www.pinterest.com.au/missionnewenergy/) and other [environmental damage](https://www.investing.com/equities/mission-newenergy-ltd-company-profile).<br>
+<br>The issue entered into focus following a surge in utilized cooking oil exports from Asia over the last few years that [analysts](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) have said involves unrealistically high volumes relative to the quantity of cooking oil utilized and recovered in the region. The European Union is also  over the fraud issues.<br>
+<br>The EPA audits started after the company updated domestic supply-chain accounting requirements in July 2023 for eco-friendly fuel producers seeking to [earn credits](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) under the RFS, he stated.<br>
+<br>"EPA has actually carried out audits of renewable fuel manufacturers given that July 2023 that includes, to name a few things, an assessment of the areas that used cooking oil utilized in sustainable fuel production was gathered," he stated. "These investigations, however, are continuous and we are unable to go over ongoing enforcement examinations."<br>
+<br>U.S. senators from farm states have actually called for more oversight of [biofuel](https://www.pinterest.com.au/missionnewenergy/) feedstocks, saying federal agencies must be as rigorous in validating imports as they are auditing domestic supply chains.<br>
+<br>"The Biden administration has actually developed energetic standards to validate, not simply trust, American producers, and it is essential that the same scrutiny is applied to imported feedstocks," 6 U.S. senators, led by Roger Marshall and [Sherrod](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) Brown, composed in a June 20 letter to federal companies.<br>
+<br>Another letter from 15 senators to the Treasury Department on July 30 advised the administration to [exclude imported](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) feedstocks like UCO from an [additional tidy](https://www.zoominfo.com/c/mission-newenergy/346542889) fuel tax [credit program](https://www.businessnews.com.au/Company/Mission-NewEnergy) passed in the Inflation Reduction Act. (Reporting by Leah Douglas in Washington [Editing](https://www.crunchbase.com/organization/mission-newenergy) by Richard Valdmanis and Matthew Lewis)<br>
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