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Add Climate Change: Growing Doubts Over Chip Fat Biofuel

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<br>Climate change: [Growing doubts](https://pitchbook.com/profiles/company/51278-86) over chip fat [biofuel](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/)<br>
<br>21 April 2021<br>
<br>comments<br>
<br>354 Comments<br>
<br>New research study concerns the environmental impact of increasing imports of used cooking oil (UCO) into the UK and Europe.<br>
<br>[Chip fat](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) and other oils are thought about waste, so when they are used to make [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) it saves carbon emissions by displacing fossil oil.<br>
<br>But such is the need throughout Europe that imports now account for [majority](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) of the UCO that's made into fuel.<br>
<br>According to the study, external, there's no other way to prove these imports are sustainable.<br>
<br>With no testing of what's coming in, professionals think it is likewise ripe for scams.<br>
<br>Used cooking oil imports might enhance deforestation<br>
<br>Consumers posture 'growing risk' to tropical forests<br>
<br>Reducing emissions from transport is proving to be among the toughest difficulties for governments all over the world.<br>
<br>They have actually encouraged making use of biofuels as a crucial ways of suppressing carbon from vehicles and lorries.<br>
<br>Biofuels are usually a blend of nonrenewable fuel source and oil made from plants or [vegetables](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price).<br>
<br>The reality that these crops can be re-grown and absorb more CO2 implies they cancel out the carbon discharged when utilized in engines.<br>
<br>Soy and palm oil were when commonly used as parts of [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) but this practice has actually been widely challenged because it encourages deforestation.<br>
<br>So for the last decade or two, the usage of used cooking oil has expanded massively as an alternative feedstock for fuel.<br>
<br>Chip fat and other waste oils have become an [essential](https://www.pinterest.com.au/missionnewenergy/) part of [biodiesel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) with an efficient industry springing up across Europe to gather and process the product.<br>
<br>But with the quantity of [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) made from UCO increasing by around 40% every year since 2014, there merely isn't enough chip fat to walk around.<br>
<br>According to a report from the campaign group [Transport](https://forest500.org/rankings/companies/mission-newenergy-limited) & Environment, external, over half of the UCO used in Europe is imported.<br>
<br>Their research study suggests this is extremely bothersome when it pertains to effect on the environment.<br>
<br>While UCO is considered a waste material in the UK, in China, Indonesia and Malaysia it has actually long been utilized to [feed animals](https://www.businessnews.com.au/Company/Mission-NewEnergy). The report raises the [concern](https://forest500.org/rankings/companies/mission-newenergy-limited) of what people in these countries 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 to other European nations aren't available however the [circulation](https://www.businessnews.com.au/Company/Mission-NewEnergy) 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 collected and [exported](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) to the UK and Ireland alone.<br>
<br>By comparison, Thailand, which has a population of 70 million individuals, handled to gather around 5 million litres of UCO in 2019.<br>
<br>"Because we are buying it, they have actually less used cooking oil to use on the important things that they were previously utilizing it for," stated Greg Archer with Transport & Environment.<br>
<br>"And they're just buying more virgin oil which virgin oil is largely palm oil, because that's the most inexpensive oil readily available.<br>
<br>"So indirectly, we're simply motivating more deforestation in Southeast Asia."<br>
<br>Another major problem with UCO is the suspicion of fraud.<br>
<br>Because of need from Europe, the price of UCO is typically greater than palm oil. The worry 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 transport, and no testing of the products is carried out, some experts think scams is rife.<br>
<br>The recommendation of fraud anywhere along the chain of supply is turned down by the European Waste-to-Advanced Biofuels Association (EWABA), who state there are robust certification plans in place.<br>
<br>"It is extensively understood that the European Commission has taken [relevant](https://www.pinterest.com.au/missionnewenergy/) actions to entirely suppress unsound market practices in [biofuel](https://stocktwits.com/symbol/MNEL) markets," said Angel Alberdi, EWABA's secretary general.<br>
<br>He says a brand-new database being developed by the EU will ensure that trading, accreditation and sustainability information on all bio-liquids will have to be registered.<br>
<br>"The combination of [revised accreditation](https://forest500.org/rankings/companies/mission-newenergy-limited) plans and the [pan-EU track](https://www.crunchbase.com/organization/mission-newenergy) and trace database will make sure that no sustainability issues develop in the entire biofuels and [bio-liquids supply](https://forest500.org/rankings/companies/mission-newenergy-limited) chain," he informed BBC News.<br>
<br>Others in the field are concerned that the database idea, which was very first mooted in 2018, may not be efficient in stemming suspected scams.<br>
<br>The report from Transport & Environment mentions that with shipping and air travel seeking to decarbonise by utilizing biofuels, demand for UCO could double over the next years.<br>
<br>"Rising the demand beyond levels would increase these concerns, and threats of using 'fake' UCO, possibly causing indirect effects such as [deforestation](https://forest500.org/rankings/companies/mission-newenergy-limited)."<br>
<br>Follow Matt on Twitter @mattmcgrathbbc, external.<br>
<br>Related subjects<br>
<br>COP26<br>
<br>Paris climate contract<br>
<br>Climate<br>