commit 73fe39d327f00427b05918d9aea925cadf0cd747 Author: winston60y2147 Date: Sat Jan 11 23:21:33 2025 +0100 Add Climate Change: Growing Doubts Over Chip Fat Biofuel diff --git a/Climate-Change%3A-Growing-Doubts-Over-Chip-Fat-Biofuel.md b/Climate-Change%3A-Growing-Doubts-Over-Chip-Fat-Biofuel.md new file mode 100644 index 0000000..3d5604c --- /dev/null +++ b/Climate-Change%3A-Growing-Doubts-Over-Chip-Fat-Biofuel.md @@ -0,0 +1,43 @@ +
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)
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21 April 2021
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comments
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354 Comments
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New research study concerns the ecological effect of rising imports of used cooking oil (UCO) into the UK and Europe.
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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.
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But such is the need throughout Europe that imports now represent majority of the UCO that's made into fuel.
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According to the research study, external, there's no other way to prove these imports are sustainable.
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Without any screening of what's coming in, specialists believe it is also ripe for scams.
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Used cooking oil imports may increase logging
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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
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Reducing emissions from transport is showing to be one of the hardest obstacles for federal governments all over the world.
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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.
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Biofuels are typically a blend of fossil fuel and oil made from plants or veggies.
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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/).
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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.
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So for the last years or two, using utilized cooking oil has actually expanded enormously as an alternative feedstock for fuel.
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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.
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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.
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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.
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Their study recommends this is highly problematic when it concerns influence on the environment.
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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.
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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.
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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.
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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.
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"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.
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"And they're simply purchasing more virgin oil which virgin oil is mainly palm oil, since that's the cheapest oil readily available.
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"So indirectly, we're simply encouraging more deforestation in Southeast Asia."
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Another significant problem with UCO is the suspicion of fraud.
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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.
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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.
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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.
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"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.
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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.
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"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.
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Others in the field are concerned that the database concept, which was first mooted in 2018, may not work in stemming believed scams.
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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.
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"Rising the demand beyond sustainable supply levels would increase these concerns, and dangers of UCO, possibly resulting in indirect impacts such as deforestation."
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Follow Matt on Twitter @mattmcgrathbbc, external.
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Related subjects
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COP26
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Paris environment arrangement
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Climate
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