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](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) modification: Growing doubts over chip fat [biofuel](https://stocktwits.com/symbol/MNEL)<br>
+<br>21 April 2021<br>
+<br>remarks<br>
+<br>354 Comments<br>
+<br>New research study concerns the ecological impact of rising imports of utilized cooking oil (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.crunchbase.com/organization/mission-newenergy) it conserves carbon emissions by displacing fossil oil.<br>
+<br>But such is the need across Europe that [imports](https://www.google.com/search?kgmid=/m/0cqd_rb) now represent majority of the UCO that's made into fuel.<br>
+<br>According to the research study, external, there's no other way to prove these imports are sustainable.<br>
+<br>Without any  of what's being available in, [experts](https://www.businessnews.com.au/Company/Mission-NewEnergy) think it is also ripe for fraud.<br>
+<br>Used cooking oil imports may increase deforestation<br>
+<br>Consumers pose 'growing danger' to tropical forests<br>
+<br>Reducing emissions from transport is showing to be one of the most [difficult challenges](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) for federal governments all over the world.<br>
+<br>They have actually encouraged using biofuels as a crucial means of suppressing carbon from cars and lorries.<br>
+<br>[Biofuels](https://www.pinterest.com.au/missionnewenergy/) are generally a blend of fossil fuel and oil made from plants or vegetables.<br>
+<br>The fact that these crops can be re-grown and absorb more CO2 means they cancel out the carbon produced when utilized in engines.<br>
+<br>Soy and palm oil were as soon as [extensively](https://pitchbook.com/profiles/company/51278-86) used as parts of [biodiesel](https://www.google.com/search?kgmid=/m/0cqd_rb) however this practice has been widely discredited due to the fact that it encourages logging.<br>
+<br>So for the last decade or two, making use of used [cooking oil](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) has expanded massively as an [alternative feedstock](https://www.crunchbase.com/organization/mission-newenergy) for fuel.<br>
+<br>Chip fat and other waste oils have actually become a key component of [biodiesel](https://www.businessnews.com.au/Company/Mission-NewEnergy) with an efficient industry [emerging](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) across Europe to collect and process the product.<br>
+<br>But with the quantity of [biodiesel](https://www.google.com/search?kgmid=/m/0cqd_rb) made from UCO increasing by around 40% every year considering that 2014, there merely isn't adequate 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 research [study suggests](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) this is extremely bothersome when it concerns influence on the environment.<br>
+<br>While UCO is thought about a waste product in the UK, in China, Indonesia and [Malaysia](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) it has long been used to feed animals. The report raises the concern of what people in these [countries](https://www.pinterest.com.au/missionnewenergy/) are replacing the UCO with, when it is exported.<br>
+<br>In 2019, Malaysia exported 90 million litres of UCO to the UK and Ireland. Figures for their [exports](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) to other European nations aren't [offered](https://www.pinterest.com.au/missionnewenergy/) but the flow of UCO is most likely to be similar.<br>
+<br>With a population of around 33 million, that's close to 3 litres per head of utilized oil that's gathered and exported to the UK and Ireland alone.<br>
+<br>By comparison, Thailand, which has a population of 70 million individuals, handled to gather around 5 million litres of UCO in 2019.<br>
+<br>"Because we are purchasing it, they have actually less used cooking oil to utilize on the important things that they were formerly using it for," said Greg Archer with Transport & Environment.<br>
+<br>"And they're simply buying more virgin oil which virgin oil is mainly palm oil, because that's the least expensive oil readily available.<br>
+<br>"So indirectly, we're just encouraging more deforestation 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 unscrupulous traders are simply diluting deliveries of UCO with palm.<br>
+<br>As oils of various types are mixed in bulk for transport, and no screening of the materials is performed, some professionals think fraud is swarming.<br>
+<br>The idea of fraud anywhere along the chain of supply is rejected by the European Waste-to-Advanced Biofuels Association (EWABA), who say there are robust accreditation schemes in location.<br>
+<br>"It is extensively known that the European Commission has taken appropriate steps to completely curb unsound market practices in [biofuel](https://www.crunchbase.com/organization/mission-newenergy) markets," said 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 have to be registered.<br>
+<br>"The combination of [modified accreditation](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) plans and the pan-EU track and trace database will ensure that no sustainability problems arise in the entire biofuels and bio-liquids supply chain," he informed BBC News.<br>
+<br>Others in the field are concerned that the database idea, which was very first mooted in 2018, may not be effective in stemming believed scams.<br>
+<br>The report from Transport & Environment mentions that with shipping and air travel seeking to decarbonise by utilizing biofuels, need for UCO could double over the next years.<br>
+<br>"Rising the need beyond sustainable supply levels would increase these issues, and dangers of using 'phony' UCO, possibly resulting in indirect effects such as logging."<br>
+<br>Follow Matt on Twitter @mattmcgrathbbc, external.<br>
+<br>Related subjects<br>
+<br>COP26<br>
+<br>Paris climate contract<br>
+<br>Climate<br>