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Add Climate Change: Growing Doubts Over Chip Fat Biofuel

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<br>Climate modification: [Growing doubts](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) over [chip fat](https://forest500.org/rankings/companies/mission-newenergy-limited) [biofuel](https://www.google.com/search?kgmid=/m/0cqd_rb)<br>
<br>21 April 2021<br>
<br>comments<br>
<br>354 Comments<br>
<br>New research study concerns the ecological effect of rising imports 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 to make [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) it conserves carbon emissions by [displacing fossil](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) oil.<br>
<br>But such is the need 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 other way to prove these imports are sustainable.<br>
<br>Without any screening of what's coming in, specialists believe it is also ripe for scams.<br>
<br>Used cooking oil imports may increase logging<br>
<br>Consumers posture ['growing danger'](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) to tropical forests<br>
<br>Reducing emissions from transport is showing to be one of the hardest obstacles for federal governments all over the world.<br>
<br>They have actually [encouraged](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) using biofuels as a crucial ways of curbing carbon from automobiles and trucks.<br>
<br>Biofuels are typically a blend of fossil fuel and oil made from plants or veggies.<br>
<br>The reality that these crops can be re-grown and absorb more CO2 means they cancel out the carbon released when utilized in [engines](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/).<br>
<br>Soy and palm oil were as soon as widely utilized as components of [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) but this practice has actually been commonly challenged because it encourages logging.<br>
<br>So for the last years or two, using utilized cooking oil has actually expanded enormously as an alternative feedstock for fuel.<br>
<br>Chip fat and other waste oils have actually ended up being an essential part of [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) with an efficient industry springing up across Europe to gather and [process](https://www.crunchbase.com/organization/mission-newenergy) the item.<br>
<br>But with the amount of [biodiesel](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) made from UCO increasing by around 40% every year given that 2014, there simply isn't enough chip fat to walk around.<br>
<br>According to a report from the project group [Transport](https://forest500.org/rankings/companies/mission-newenergy-limited) & Environment, external, more than half of the UCO used in Europe is imported.<br>
<br>Their study recommends this is highly problematic when it concerns influence 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](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/). The report raises the concern of what people in these [nations](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) are changing 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 to other European nations aren't readily available however the [circulation](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) of UCO is most likely to be similar.<br>
<br>With a [population](https://stocktwits.com/symbol/MNEL) of around 33 million, that's close to three litres per head of utilized oil that's gathered and exported to the UK and [Ireland](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) alone.<br>
<br>By comparison, Thailand, which has a population of 70 million people, [managed](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) to gather around five million litres of UCO in 2019.<br>
<br>"Because we are buying it, they have less utilized cooking oil to utilize on the important things that they were previously utilizing it for," said Greg Archer with Transport & Environment.<br>
<br>"And they're simply purchasing more virgin oil which virgin oil is mainly palm oil, since that's the cheapest oil readily available.<br>
<br>"So indirectly, we're simply encouraging more deforestation in Southeast Asia."<br>
<br>Another significant problem with UCO is the suspicion of fraud.<br>
<br>Because of need from Europe, the cost of UCO is typically higher than palm oil. The concern is that some unscrupulous traders are just diluting deliveries of UCO with palm.<br>
<br>As oils of various types are blended in bulk for transport, and no testing of the products is performed, some experts think fraud is rife.<br>
<br>The recommendation 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 that the European Commission has actually taken relevant actions to completely suppress unsound market practices in [biofuel](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) markets," said Angel Alberdi, EWABA's secretary general.<br>
<br>He says a brand-new database being developed by the EU will guarantee that trading, accreditation and sustainability data on all bio-liquids will have to be registered.<br>
<br>"The combination of modified certification schemes and the [pan-EU track](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) and trace database will ensure that no sustainability problems arise in the entire biofuels and bio-liquids supply chain," he told BBC News.<br>
<br>Others in the field are concerned that the database concept, which was first mooted in 2018, may not work in stemming believed scams.<br>
<br>The report from Transport & Environment explains that with shipping and air travel aiming to decarbonise by utilizing biofuels, need for UCO could double over the next years.<br>
<br>"Rising the demand beyond sustainable supply levels would increase these concerns, and dangers of UCO, possibly resulting in indirect impacts such as deforestation."<br>
<br>Follow Matt on Twitter @mattmcgrathbbc, external.<br>
<br>Related subjects<br>
<br>COP26<br>
<br>Paris environment arrangement<br>
<br>Climate<br>