Add Climate Change: Growing Doubts Over Chip Fat Biofuel

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 <br>Climate change: 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 concerns the environmental effect of [increasing imports](https://www.zoominfo.com/c/mission-newenergy/346542889) of used cooking oil (UCO) into the UK and Europe.<br>
 <br>Chip fat and other oils are thought about waste, so when they are [utilized](https://www.bloomberg.com/profile/company/MNELF:US) to make [biodiesel](https://www.zoominfo.com/c/mission-newenergy/346542889) it conserves carbon emissions by displacing fossil oil.<br>
 <br>But such is the demand throughout 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 way to show these imports are sustainable.<br>
 <br>Without any  of what's being available in, professionals believe it is likewise ripe for scams.<br>
 <br>Used cooking oil imports may enhance deforestation<br>
 <br>Consumers posture 'growing [danger'](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) to tropical forests<br>
 <br>Reducing emissions from [transportation](https://www.zoominfo.com/c/mission-newenergy/346542889) is showing to be among the hardest obstacles for federal governments all over the world.<br>
 <br>They've encouraged the usage of biofuels as a crucial ways of curbing carbon from vehicles and lorries.<br>
 <br>Biofuels are generally a blend of nonrenewable fuel source and oil made from plants or vegetables.<br>
 <br>The truth that these crops can be re-grown and take in more CO2 means they counteract the [carbon produced](https://pitchbook.com/profiles/company/51278-86) when used in engines.<br>
 <br>Soy and palm oil were once commonly used as components of [biodiesel](https://www.google.com/search?kgmid=/m/0cqd_rb) but this practice has actually been commonly challenged because it encourages deforestation.<br>
 <br>So for the last years or so, using utilized [cooking oil](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) has actually expanded massively as an alternative feedstock for fuel.<br>
 <br>Chip fat and other waste oils have ended up being an essential element of [biodiesel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) with an effective industry springing up throughout Europe to [collect](https://www.crunchbase.com/organization/mission-newenergy) and process the item.<br>
 <br>But with the amount of [biodiesel](https://www.businessnews.com.au/Company/Mission-NewEnergy) made from UCO increasing by around 40% every year considering that 2014, there simply isn't enough chip fat to walk around.<br>
 <br>According to a report from the campaign group Transport & Environment, external, over half of the UCO used in Europe is imported.<br>
 <br>Their research study recommends this is extremely [bothersome](https://www.crunchbase.com/organization/mission-newenergy) 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 actually long been used to feed animals. The report raises the concern of what individuals in these [countries](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) 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.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) to other [European nations](https://www.google.com/search?kgmid=/m/0cqd_rb) aren't readily available however the flow of UCO is likely to be similar.<br>
 <br>With a [population](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) of around 33 million, that's close to 3 litres per head of utilized oil that's collected and exported to the UK and Ireland alone.<br>
 <br>By contrast, Thailand, which has a population of 70 million people, handled to [collect](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) around 5 million litres of UCO in 2019.<br>
 <br>"Because we are purchasing it, they have less utilized cooking oil to use on the things that they were previously utilizing it for," [stated Greg](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) Archer with Transport & Environment.<br>
 <br>"And they're just purchasing more virgin oil which virgin oil is mainly palm oil, since that's the most affordable oil available.<br>
 <br>"So indirectly, we're simply motivating more deforestation in [Southeast Asia](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/)."<br>
 <br>Another major problem with UCO is the suspicion of fraud.<br>
 <br>Because of need from Europe, the price of UCO is frequently higher than palm oil. The concern is that some unethical traders are simply watering down shipments of UCO with palm.<br>
 <br>As oils of various types are blended in bulk for transportation, and no testing of the materials is performed, some specialists think scams 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 certification schemes in location.<br>
 <br>"It is extensively known that the European Commission has actually taken appropriate actions to completely suppress unsound market practices in biofuel markets," said Angel Alberdi, EWABA's secretary general.<br>
 <br>He states a brand-new database being developed by the EU will guarantee that trading, accreditation and sustainability information on all bio-liquids will need to be signed up.<br>
 <br>"The combination of revised certification schemes and the pan-EU track and trace database will make sure that no sustainability problems occur in the entire biofuels and bio-liquids supply chain," he informed BBC News.<br>
 <br>Others in the field are worried that the database concept, which was first mooted in 2018, may not work in stemming believed scams.<br>
 <br>The report from Transport & Environment points out that with shipping and aviation aiming to decarbonise by utilizing biofuels, demand for UCO could double over the next decade.<br>
 <br>"Rising the need beyond sustainable supply levels would increase these issues, and dangers of utilizing 'phony' UCO, possibly resulting in indirect [impacts](https://www.google.com/search?kgmid=/m/0cqd_rb) such as logging."<br>
 <br>Follow Matt on Twitter @mattmcgrathbbc, external.<br>
 <br>Related topics<br>
 <br>COP26<br>
 <br>Paris environment contract<br>
 <br>Climate<br>