Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

Connect with us

Hi, what are you looking for?

slide 3 of 2
THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

Business

Business

US EPA audits biofuel manufacturers’ used cooking oil supply

Listen to the article now

image credit: wikipedia

After industry worries that some biodiesel producers may be using false feedstocks to obtain lucrative government subsidies, the U.S. Environmental Protection Agency has investigated at least two renewable fuel businesses’ supply chains.

Refineries can receive state and federal environmental and climate subsidies, including EPA Renewable Fuel Standard trading credits, for making biodiesel from sustainable feedstocks such as recycled cooking oil. However, concerns are growing that some used cooking oil is really cheaper and less sustainable than virgin palm oil, which deforests and harms the ecosystem.

Following a recent spike in wasted cooking oil exports from Asia, analysts say the volume is absurdly large compared to the quantity consumed and recovered in the region. Fraud allegations have prompted EU feedstock investigations.
He said EPA checks began in July 2023 after updating domestic supply-chain accounting standards for renewable fuel firms seeking RFS credits.
“EPA has conducted audits of renewable fuel producers since July 2023, which include, among other things, an evaluation of the locations where cooking oil used in renewable fuel production was collected,” he stated. “These investigations, however, are ongoing and we are not able to discuss ongoing enforcement investigations.”
Farm state senators want federal agencies to verify biofuel feedstock imports as thoroughly as domestic supply chains.


Comment Template

You May Also Like

Technology

AMD achieved a major milestone in 2024, surpassing 100 million gaming chips shipped. Strong demand for Ryzen processors fueled growth, despite a decline in...

Business

AMD faces challenges in the AI chip race as its latest forecast failed to meet investor expectations, causing a stock decline. While the company...

Economy

Millions in the U.S. Northeast face steep heating bill hikes this winter due to a 10% tariff on Canadian energy imports. Low-income families are...

Finance

The insurance industry's shift toward securitized debt, driven by soaring annuity demand, underscores its focus on long-term financial security. Investments in asset-backed securities and...

Notice: The Biznob uses cookies to provide necessary website functionality, improve your experience and analyze our traffic. By using our website, you agree to our Privacy Policy and our Cookie Policy.

Ok