{"id":15947,"date":"2025-01-12T20:39:10","date_gmt":"2025-01-12T20:39:10","guid":{"rendered":"https:\/\/enitajobs.com\/employer\/mission-newenergy-ltd-2\/"},"modified":"2025-01-12T20:55:37","modified_gmt":"2025-01-12T20:55:37","slug":"pt-sinergi-oleo-nusantara-5","status":"publish","type":"employer","link":"https:\/\/enitajobs.com\/en\/employer\/pt-sinergi-oleo-nusantara-5\/","title":{"rendered":"PT Sinergi Oleo Nusantara"},"content":{"rendered":"<p><strong>US EPA Says it is Auditing Biofuel Producers&#8217; Pre-owned Cooking Oil Supply<\/strong><\/p>\n<p>By Leah Douglas<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/upload.wikimedia.org\/wikipedia\/commons\/c\/c6\/Jatropha_curcas1_henning.jpg\" style=\"max-width:430px;float:left;padding:10px 10px 10px 0px;border:0px\"><\/p>\n<p>Aug 7 (Reuters) &#8211; The U.S. Epa has actually <a href=\"https:\/\/www.intelligentinvestor.com.au\/shares\/asx-mbt\/mission-newenergy-limited\/share-price\">launched examinations<\/a> into the <a href=\"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\">supply chains<\/a> of a minimum of 2 <a href=\"https:\/\/stocktwits.com\/symbol\/MNEL\">renewable fuel<\/a> producers in the middle of industry issues that some may be using fraudulent feedstocks for <a href=\"https:\/\/biodieselmagazine.com\/articles\/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053\">biodiesel<\/a> to secure rewarding government aids.<\/p>\n<p>EPA representative Jeffrey Landis informed Reuters that the company has launched audits over the past year, however <a href=\"https:\/\/www.zonebourse.com\/cours\/action\/MISSION-NEWENERGY-LIMITED-8557641\/\">declined<\/a> to recognize the companies targeted because the investigations are <a href=\"https:\/\/www.intelligentinvestor.com.au\/shares\/asx-mbt\/mission-newenergy-limited\/share-price\">ongoing<\/a>.<\/p>\n<p>The production of <a href=\"https:\/\/biodieselmagazine.com\/articles\/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053\">biodiesel<\/a> from sustainable active ingredients, like used cooking oil, can earn refiners a slew of state and federal ecological and  subsidies, consisting of tradable credits under a program administered by the EPA called the <a href=\"https:\/\/www.crunchbase.com\/organization\/mission-newenergy\">Renewable Fuel<\/a> <a href=\"https:\/\/www.intelligentinvestor.com.au\/shares\/asx-mbt\/mission-newenergy-limited\/share-price\">Standard<\/a>. But fears have been installing that some products identified as used cooking oil are in fact <a href=\"https:\/\/stocktwits.com\/symbol\/MNEL\">cheaper<\/a> and less <a href=\"https:\/\/www.marketscreener.com\/quote\/stock\/MISSION-NEWENERGY-LIMITED-178469\/company\/\">sustainable virgin<\/a> palm oil, a product that is connected with logging and other ecological damage.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.monaconatureencyclopedia.com\/wp-content\/uploads\/2015\/05\/jatropha_curcas.jpg\" style=\"max-width:400px;float:right;padding:10px 0px 10px 10px;border:0px\"><\/p>\n<p>The problem entered into focus following a rise in used cooking oil exports from Asia in the last few years that analysts have said involves unrealistically high volumes relative to the quantity of cooking oil utilized and <a href=\"https:\/\/www.businessnews.com.au\/Company\/Mission-NewEnergy\">recovered<\/a> in the region. The European Union is also investigating feedstocks over the fraud concerns.<\/p>\n<p>The EPA audits began after the firm upgraded domestic supply-chain accounting requirements in July 2023 for renewable fuel manufacturers seeking to make <a href=\"https:\/\/www.pinterest.com.au\/missionnewenergy\/\">credits<\/a> under the RFS, he stated.<\/p>\n<p>&#8220;EPA has conducted audits of eco-friendly fuel manufacturers given that July 2023 that includes, to name a few things, an examination of the areas that used cooking oil used in eco-friendly fuel production was collected,&#8221; he stated. &#8220;These investigations, nevertheless, are ongoing and we are not able to talk about ongoing enforcement examinations.&#8221;<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/encrypted-tbn0.gstatic.com\/images?q=tbn:ANd9GcTEfrqEC9k-tQWgp8KJ0Exp2J3vm15Xj6gYaQ&amp;s\" style=\"max-width:400px;float:left;padding:10px 10px 10px 0px;border:0px\"><\/p>\n<p>U.S. senators from farm states have actually called for more oversight of <a href=\"https:\/\/www.zonebourse.com\/cours\/action\/MISSION-NEWENERGY-LIMITED-8557641\/\">biofuel<\/a> feedstocks, saying federal agencies need to be as rigorous in confirming imports as they are <a href=\"https:\/\/www.proactiveinvestors.co.uk\/companies\/news\/159346\/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html\">auditing<\/a> <a href=\"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\">domestic supply<\/a> chains.<\/p>\n<p>&#8220;The Biden administration has actually created energetic requirements to validate, not just trust, American producers, and it is vital that the very same scrutiny is applied to imported feedstocks,&#8221; six U.S. senators, led by Roger Marshall and <a href=\"https:\/\/pitchbook.com\/profiles\/company\/51278-86\">Sherrod<\/a> Brown, wrote in a June 20 letter to federal companies.<\/p>\n<p>Another letter from 15 senators to the Treasury Department on July 30 <a href=\"https:\/\/forest500.org\/rankings\/companies\/mission-newenergy-limited\">prompted<\/a> the administration to omit imported <a href=\"https:\/\/pitchbook.com\/profiles\/company\/51278-86\">feedstocks<\/a> like UCO from an additional tidy fuel tax credit program passed in the <a href=\"https:\/\/www.investing.com\/equities\/mission-newenergy-ltd-company-profile\">Inflation Reduction<\/a> Act. (<a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1463471\/000165495419013063\/R31.htm\">Reporting<\/a> by Leah Douglas in Washington Editing by Richard Valdmanis and Matthew Lewis)<\/p>\n","protected":false},"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","employer_category":[],"employer_location":[],"class_list":["post-15947","employer","type-employer","status-publish","hentry"],"cmb2":{"_employer_general":{"_employer_attached_user":"","_employer_email":"","_employer_founded_date":"","_employer_website":"","_employer_phone":"","_employer_featured":"","_employer_cover_photo":"","_employer_cover_photo_id":"","_employer_profile_photos":"","_employer_video_url":"","_employer_layout_type":""},"_employer_socials":{"_employer_socials":""},"_employer_map_location":{"_employer_address":"","_employer_map_location":""},"_employer_team_members":{"_employer_team_members":""},"_employer_employees":{"_employer_employees":[]}},"_links":{"self":[{"href":"https:\/\/enitajobs.com\/en\/wp-json\/wp\/v2\/employer\/15947","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enitajobs.com\/en\/wp-json\/wp\/v2\/employer"}],"about":[{"href":"https:\/\/enitajobs.com\/en\/wp-json\/wp\/v2\/types\/employer"}],"replies":[{"embeddable":true,"href":"https:\/\/enitajobs.com\/en\/wp-json\/wp\/v2\/comments?post=15947"}],"wp:attachment":[{"href":"https:\/\/enitajobs.com\/en\/wp-json\/wp\/v2\/media?parent=15947"}],"wp:term":[{"taxonomy":"employer_category","embeddable":true,"href":"https:\/\/enitajobs.com\/en\/wp-json\/wp\/v2\/employer_category?post=15947"},{"taxonomy":"employer_location","embeddable":true,"href":"https:\/\/enitajobs.com\/en\/wp-json\/wp\/v2\/employer_location?post=15947"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}