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..f407299 --- /dev/null +++ b/Climate-Change%3A-Growing-Doubts-Over-Chip-Fat-Biofuel.md @@ -0,0 +1,43 @@ +
Climate change: Growing doubts over [chip fat](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) [biofuel](https://www.crunchbase.com/organization/mission-newenergy)
+
21 April 2021
+
remarks
+
354 Comments
+
New research [study questions](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) the environmental effect of rising imports of utilized cooking oil (UCO) into the UK and Europe.
+
Chip fat and other oils are considered waste, so when they are utilized to make [biodiesel](https://www.crunchbase.com/organization/mission-newenergy) it conserves carbon emissions by displacing fossil oil.
+
But such is the demand throughout Europe that imports now [account](https://www.bloomberg.com/profile/company/MNELF:US) for over half of the UCO that's made into fuel.
+
According to the research study, external, there's no chance to prove these imports are sustainable.
+
With no testing of what's can be found in, experts believe it is also ripe for fraud.
+
Used cooking oil [imports](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) might increase deforestation
+
Consumers posture 'growing risk' to tropical forests
+
Reducing emissions from transportation is showing to be one of the toughest difficulties for governments all over the world.
+
They've motivated making use of biofuels as a crucial methods of [suppressing carbon](https://stocktwits.com/symbol/MNEL) from cars and trucks and lorries.
+
[Biofuels](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) are usually a mix of nonrenewable fuel source and oil made from plants or veggies.
+
The fact that these crops can be re-grown and absorb more CO2 indicates they counteract the carbon given off when used in engines.
+
Soy and palm oil were when extensively utilized as components of [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) but this practice has been extensively rejected because it motivates [deforestation](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).
+
So for the last years or so, making use of used cooking oil has broadened massively as an alternative feedstock for fuel.
+
Chip fat and other waste oils have actually ended up being a key component of [biodiesel](https://www.zoominfo.com/c/mission-newenergy/346542889) with an effective industry [springing](https://www.pinterest.com.au/missionnewenergy/) up throughout Europe to gather and process the item.
+
But with the quantity of [biodiesel](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) made from UCO increasing by around 40% every year since 2014, there just isn't sufficient chip fat to walk around.
+
According to a report from the campaign group Transport & Environment, external, more than half of the UCO utilized in Europe is imported.
+
Their study recommends this is highly troublesome when it [concerns](https://www.pinterest.com.au/missionnewenergy/) impacts on the [environment](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/).
+
While UCO is considered a waste material in the UK, in China, Indonesia and Malaysia it has long been utilized to [feed animals](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd). The report raises the question of what individuals in these countries are replacing the UCO with, when it is exported.
+
In 2019, 90 million litres of UCO to the UK and Ireland. Figures for their exports to other European countries aren't available but the flow of UCO is likely to be comparable.
+
With a [population](https://www.zoominfo.com/c/mission-newenergy/346542889) of around 33 million, that's close to 3 litres per head of used oil that's gathered and exported to the UK and Ireland alone.
+
By comparison, Thailand, which has a population of 70 million people, handled to collect around 5 million litres of UCO in 2019.
+
"Because we are buying it, they have actually less used cooking oil to utilize on the important things that they were formerly using it for," stated Greg Archer with Transport & Environment.
+
"And they're just buying more virgin oil which virgin oil is largely palm oil, since that's the least expensive oil available.
+
"So indirectly, we're simply encouraging more deforestation in Southeast Asia."
+
Another major problem with UCO is the suspicion of scams.
+
Because of demand from Europe, the cost of UCO is frequently higher than palm oil. The worry is that some dishonest traders are simply diluting deliveries of UCO with palm.
+
As oils of different types are blended in bulk for transportation, and no screening of the materials is brought out, some experts believe fraud is swarming.
+
The tip of fraud anywhere along the chain of supply is turned down by the European Waste-to-Advanced Biofuels Association (EWABA), who say there are robust accreditation schemes in place.
+
"It is extensively [understood](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) that the European Commission has actually taken appropriate actions to entirely curb unsound market practices in [biofuel](https://stocktwits.com/symbol/MNEL) markets," stated Angel Alberdi, EWABA's secretary general.
+
He states a new database being developed by the EU will guarantee that trading, certification and sustainability data on all bio-liquids will have to be registered.
+
"The combination of revised accreditation plans and the pan-EU track and trace database will make sure that no sustainability problems occur in the entire [biofuels](https://www.zoominfo.com/c/mission-newenergy/346542889) and [bio-liquids supply](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) chain," he told BBC News.
+
Others in the field are worried that the database idea, which was first mooted in 2018, may not work in stemming thought scams.
+
The report from Transport & Environment mentions that with shipping and air travel aiming to decarbonise by using biofuels, demand for UCO might double over the next years.
+
"Rising the demand beyond sustainable supply levels would increase these concerns, and threats of using 'fake' UCO, possibly resulting in indirect impacts such as deforestation."
+
Follow Matt on Twitter @mattmcgrathbbc, external.
+
Related subjects
+
COP26
+
Paris climate contract
+
Climate
\ No newline at end of file