commit 6b722aca70284fb57d6bf46f2c240a38ea0629af Author: dexfrances6351 Date: Fri Jan 10 19:59:58 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..8fa4836 --- /dev/null +++ b/Climate-Change%3A-Growing-Doubts-Over-Chip-Fat-Biofuel.md @@ -0,0 +1,43 @@ +
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/)
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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 environmental impact of increasing imports of used cooking oil (UCO) into the UK and Europe.
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[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.
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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.
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According to the study, external, there's no other way to prove these imports are sustainable.
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With no testing of what's coming in, professionals think it is likewise ripe for scams.
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Used cooking oil imports might enhance deforestation
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Consumers posture 'growing risk' to tropical forests
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Reducing emissions from transport is proving to be among the toughest difficulties for governments all over the world.
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They have actually encouraged making use of biofuels as a crucial ways of suppressing carbon from vehicles and lorries.
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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).
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The reality that these crops can be re-grown and absorb more CO2 implies they cancel out the carbon discharged when utilized in engines.
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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.
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So for the last decade or two, the usage of used cooking oil has expanded massively as an alternative feedstock for fuel.
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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.
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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.
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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.
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Their research study suggests this is extremely bothersome when it pertains to effect on the environment.
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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.
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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 available however the [circulation](https://www.businessnews.com.au/Company/Mission-NewEnergy) of UCO is likely to be comparable.
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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.
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By comparison, Thailand, which has a population of 70 million individuals, handled to gather around 5 million litres of UCO in 2019.
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"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.
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"And they're just buying more virgin oil which virgin oil is largely palm oil, because that's the most inexpensive oil readily available.
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"So indirectly, we're simply motivating more deforestation in Southeast Asia."
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Another major problem with UCO is the suspicion of fraud.
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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.
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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.
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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.
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"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.
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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.
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"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.
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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.
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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.
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"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)."
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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 climate contract
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Climate
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