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>comments<br>
 <br>354 Comments<br>
 <br>New research [questions](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) the environmental impact of [rising imports](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) 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://forest500.org/rankings/companies/mission-newenergy-limited) to make biodiesel it conserves carbon emissions by displacing fossil 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 study, external, there's no way to show these [imports](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) are sustainable.<br>
 <br>With no screening of what's coming in, [professionals](https://www.bloomberg.com/profile/company/MNELF:US) believe it is likewise ripe for scams.<br>
 <br>Used cooking oil imports might boost logging<br>
 <br>Consumers pose 'growing danger' to tropical forests<br>
 <br>Reducing emissions from transport is showing to be among the most difficult difficulties for governments all over the world.<br>
 <br>They have actually motivated the usage of biofuels as a crucial means of suppressing carbon from automobiles and lorries.<br>
 <br>Biofuels are usually a blend of nonrenewable fuel source and oil made from plants or vegetables.<br>
 <br>The reality that these crops can be re-grown and take in more CO2 [implies](https://pitchbook.com/profiles/company/51278-86) they [counteract](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) the carbon given off when used in engines.<br>
 <br>Soy and palm oil were as soon as widely utilized as parts of [biodiesel](https://stocktwits.com/symbol/MNEL) however this practice has actually been extensively rejected due to the fact that it [encourages logging](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608).<br>
 <br>So for the last decade approximately, the usage of utilized cooking oil has actually expanded massively as an alternative feedstock for fuel.<br>
 <br>Chip fat and other waste oils have actually become a key component of [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) with an effective industry emerging across Europe to gather and process the item.<br>
 <br>But with the amount of [biodiesel](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) made from  by around 40% every year because 2014, there merely isn't enough chip fat to walk around.<br>
 <br>According to a report from the campaign group [Transport](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) & Environment, external, more than half of the UCO used in Europe is imported.<br>
 <br>Their study recommends this is extremely problematic when it concerns influence on the [environment](https://www.crunchbase.com/organization/mission-newenergy).<br>
 <br>While UCO is thought about a waste material in the UK, in China, Indonesia and Malaysia it has actually long been used to feed animals. The [report raises](https://forest500.org/rankings/companies/mission-newenergy-limited) the [concern](https://www.bloomberg.com/profile/company/MNELF:US) of what people in these countries 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](https://www.crunchbase.com/organization/mission-newenergy) for their exports to other European countries aren't available but the flow of UCO is likely to be comparable.<br>
 <br>With a population 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 comparison, Thailand, which has a population of 70 million individuals, handled to [collect](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) around five million litres of UCO in 2019.<br>
 <br>"Because we are buying it, they have less used 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 and that virgin oil is mainly palm oil, since that's the cheapest 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 need from Europe, the price of UCO is frequently higher than palm oil. The concern is that some deceitful traders are simply diluting shipments of UCO with palm.<br>
 <br>As oils of various types are mixed in bulk for transportation, and no testing of the products is carried out, some experts believe scams is swarming.<br>
 <br>The recommendation of scams anywhere along the chain of supply is rejected by the European Waste-to-Advanced Biofuels Association (EWABA), who state there are robust accreditation plans in place.<br>
 <br>"It is extensively understood that the European Commission has actually taken relevant steps to totally curb unsound market practices in [biofuel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) markets," stated Angel Alberdi, EWABA's secretary general.<br>
 <br>He states a brand-new database being established by the EU will guarantee that trading, certification and sustainability information on all bio-liquids will need to be registered.<br>
 <br>"The combination of revised accreditation plans and the pan-EU track and trace database will make sure that no sustainability issues occur in the entire biofuels and bio-liquids supply chain," he told BBC News.<br>
 <br>Others in the field are worried that the database idea, which was very first mooted in 2018, might not be effective in stemming believed fraud.<br>
 <br>The report from Transport & Environment mentions that with shipping and air travel wanting to decarbonise by utilizing biofuels, need for UCO could double over the next years.<br>
 <br>"Rising the demand beyond [sustainable supply](https://www.businessnews.com.au/Company/Mission-NewEnergy) levels would increase these concerns, and risks of using 'fake' UCO, possibly [causing indirect](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) effects such as logging."<br>
 <br>Follow Matt on Twitter @mattmcgrathbbc, external.<br>
 <br>Related topics<br>
 <br>COP26<br>
 <br>Paris environment arrangement<br>
 <br>Climate<br>