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<br>Climate modification: Growing doubts over chip fat [biofuel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price)<br>
<br>21 April 2021<br>
<br>remarks<br>
<br>354 Comments<br>
<br>New research study questions the environmental impact of rising imports of used [cooking oil](https://stocktwits.com/symbol/MNEL) (UCO) into the UK and Europe.<br>
<br>[Chip fat](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) and other oils are considered waste, so when they are used to make [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) it conserves carbon emissions by displacing fossil oil.<br>
<br>But such is the need throughout Europe that imports now account for more than half of the UCO that's made into fuel.<br>
<br>According to the research study, external, there's no way to prove these [imports](https://www.bloomberg.com/profile/company/MNELF:US) are sustainable.<br>
<br>Without any testing of what's being available in, experts believe it is also ripe for fraud.<br>
<br>Used cooking oil imports may enhance logging<br>
<br>Consumers present 'growing threat' to [tropical](https://pitchbook.com/profiles/company/51278-86) forests<br>
<br>Reducing emissions from transportation is showing to be among the hardest obstacles for federal governments all over the world.<br>
<br>They've encouraged using biofuels as a crucial means of suppressing carbon from vehicles and lorries.<br>
<br>Biofuels are typically a mix of fossil fuel and oil made from plants or veggies.<br>
<br>The truth that these crops can be re-grown and take in more CO2 indicates they counteract the carbon produced when utilized in engines.<br>
<br>Soy and palm oil were when extensively utilized as parts of [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) however this practice has been extensively discredited because it [encourages logging](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048).<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 ended up being a key element of [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) with an efficient market [emerging](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) across Europe to gather and process the product.<br>
<br>But with the [quantity](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) of biodiesel made from UCO increasing by around 40% every year given that 2014, there just isn't sufficient [chip fat](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) to walk around.<br>
<br>According to a report from the campaign group Transport & Environment, external, majority of the UCO used in Europe is imported.<br>
<br>Their study recommends this is extremely troublesome when it pertains to impacts on the environment.<br>
<br>While UCO is considered a waste product in the UK, in China, Indonesia and Malaysia it has long been utilized to feed animals. The report raises the question of what individuals in these countries are [changing](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) the UCO with, when it is exported.<br>
<br>In 2019, [Malaysia exported](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) 90 million litres of UCO to the UK and Ireland. Figures for their exports to other European nations aren't offered but the circulation of UCO is likely to be similar.<br>
<br>With a of around 33 million, that's close to three litres per head of used oil that's gathered and exported to the UK and Ireland alone.<br>
<br>By contrast, Thailand, which has a [population](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) of 70 million people, managed to collect around five million litres of UCO in 2019.<br>
<br>"Because we are purchasing it, they have actually less utilized cooking oil to use 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 and that virgin oil is mainly palm oil, because that's the most affordable oil available.<br>
<br>"So indirectly, we're just motivating more logging in Southeast Asia."<br>
<br>Another major issue with UCO is the suspicion of fraud.<br>
<br>Because of demand from Europe, the cost of UCO is often greater than palm oil. The worry is that some deceitful traders are simply watering down shipments of UCO with palm.<br>
<br>As oils of different types are mixed in bulk for transport, and no screening of the products is performed, some experts think fraud is rife.<br>
<br>The suggestion 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 plans in place.<br>
<br>"It is widely [understood](https://www.businessnews.com.au/Company/Mission-NewEnergy) that the European Commission has actually taken pertinent steps to [totally](https://pitchbook.com/profiles/company/51278-86) [curb unsound](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) market practices in [biofuel](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) markets," said Angel Alberdi, EWABA's secretary general.<br>
<br>He states a brand-new database being developed by the EU will ensure that trading, accreditation and sustainability data on all bio-liquids will have to be signed up.<br>
<br>"The mix of revised certification plans and the pan-EU track and trace database will make sure that no sustainability concerns develop in the entire [biofuels](https://stocktwits.com/symbol/MNEL) and [bio-liquids supply](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) 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 be reliable in stemming presumed scams.<br>
<br>The report from Transport & Environment mentions that with shipping and air travel wanting to decarbonise by utilizing biofuels, demand for UCO might double over the next years.<br>
<br>"Rising the need beyond sustainable supply levels would increase these issues, and dangers of using 'phony' UCO, potentially resulting in indirect effects such as logging."<br>
<br>Follow Matt on Twitter @mattmcgrathbbc, external.<br>
<br>Related topics<br>
<br>COP26<br>
<br>Paris climate contract<br>
<br>Climate<br>