Add Climate Change: Growing Doubts Over Chip Fat Biofuel

Climate-Change%3A-Growing-Doubts-Over-Chip-Fat-Biofuel.md

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+<br>Climate change: Growing doubts over chip fat [biofuel](https://www.google.com/search?kgmid=/m/0cqd_rb)<br>
+<br>21 April 2021<br>
+<br>remarks<br>
+<br>354 Comments<br>
+<br>New research study concerns the ecological effect of rising imports of used [cooking oil](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) (UCO) into the UK and Europe.<br>
+<br>Chip fat and other oils are thought about waste, so when they are used to make [biodiesel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) it [conserves carbon](https://www.google.com/search?kgmid=/m/0cqd_rb) [emissions](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) by [displacing fossil](https://stocktwits.com/symbol/MNEL) oil.<br>
+<br>But such is the demand across Europe that imports now represent majority of the UCO that's made into fuel.<br>
+<br>According to the research study, external, there's no method to prove these imports are [sustainable](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html).<br>
+<br>Without any screening of what's coming in, experts think it is also ripe for fraud.<br>
+<br>Used cooking oil imports might increase deforestation<br>
+<br>Consumers posture 'growing danger' to tropical forests<br>
+<br>Reducing emissions from transport is proving to be one of the [hardest obstacles](https://www.bloomberg.com/profile/company/MNELF:US) for federal governments all over the world.<br>
+<br>They've encouraged the use of biofuels as a [crucial methods](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) of [suppressing](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) carbon from vehicles and trucks.<br>
+<br>Biofuels are normally a mix of [nonrenewable fuel](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) source and oil made from plants or vegetables.<br>
+<br>The truth that these crops can be re-grown and soak up more CO2 means they counteract the carbon produced when used in engines.<br>
+<br>Soy and palm oil were once widely used as components of [biodiesel](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) but this practice has actually been widely challenged because it encourages logging.<br>
+<br>So for the last years or so, the use of utilized cooking oil has actually broadened massively as an alternative feedstock for fuel.<br>
+<br>Chip fat and other waste oils have actually become a key part of [biodiesel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) with an effective industry springing up throughout Europe to collect and process the item.<br>
+<br>But with the quantity of [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) made from UCO increasing by around 40% every year because 2014, there merely isn't sufficient chip fat to walk around.<br>
+<br>According to a report from the project group Transport & Environment, external, over half of the UCO utilized in Europe is imported.<br>
+<br>Their study recommends this is extremely bothersome when it pertains to effect on the environment.<br>
+<br>While UCO is considered a waste product in the UK, in China, Indonesia and Malaysia it has long been used to feed animals. The report raises the concern of what [individuals](https://www.businessnews.com.au/Company/Mission-NewEnergy) in these countries are replacing the UCO with, when it is [exported](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price).<br>
+<br>In 2019, Malaysia exported 90 million litres of UCO to the UK and Ireland. Figures for their exports to other [European nations](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) aren't available however the flow of UCO is most likely to be comparable.<br>
+<br>With a population of around 33 million, that's close to three litres per head of used oil that's collected and exported to the UK and Ireland alone.<br>
+<br>By comparison, Thailand, which has a population of 70 million people, managed to  around five million litres of UCO in 2019.<br>
+<br>"Because we are purchasing it, they have actually less used cooking oil to utilize on the things that they were previously using it for," stated Greg Archer with Transport & Environment.<br>
+<br>"And they're just purchasing more virgin oil which virgin oil is mainly palm oil, because that's the most affordable oil readily available.<br>
+<br>"So indirectly, we're simply encouraging more logging in Southeast Asia."<br>
+<br>Another major issue with UCO is the suspicion of fraud.<br>
+<br>Because of need from Europe, the cost of UCO is typically greater than palm oil. The concern is that some dishonest traders are simply watering down deliveries of UCO with palm.<br>
+<br>As oils of different types are blended in bulk for transport, and no screening of the materials is carried out, some specialists think fraud is swarming.<br>
+<br>The idea of fraud anywhere along the chain of supply is declined by the European Waste-to-Advanced Biofuels Association (EWABA), who state there are robust accreditation plans in place.<br>
+<br>"It is commonly [understood](https://www.bloomberg.com/profile/company/MNELF:US) that the European Commission has actually taken appropriate actions to totally curb unsound market practices in [biofuel](https://stocktwits.com/symbol/MNEL) markets," stated Angel Alberdi, EWABA's secretary general.<br>
+<br>He states a new database being developed by the EU will ensure that trading, accreditation and sustainability data on all bio-liquids will need to be signed up.<br>
+<br>"The mix of [modified accreditation](https://pitchbook.com/profiles/company/51278-86) plans and the pan-EU track and trace database will make sure that no sustainability problems occur in the entire biofuels and [bio-liquids supply](https://stocktwits.com/symbol/MNEL) chain," he informed BBC News.<br>
+<br>Others in the field are worried that the database idea, which was first mooted in 2018, may not work in stemming presumed scams.<br>
+<br>The report from Transport & Environment explains that with shipping and air travel seeking to decarbonise by using biofuels, demand for UCO could double over the next years.<br>
+<br>"Rising the demand beyond sustainable supply levels would increase these concerns, and dangers of utilizing 'fake' UCO, potentially leading to indirect impacts such as logging."<br>
+<br>Follow Matt on Twitter @mattmcgrathbbc, external.<br>
+<br>Related topics<br>
+<br>COP26<br>
+<br>Paris environment agreement<br>
+<br>Climate<br>