Add Climate Change: Growing Doubts Over Chip Fat Biofuel

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 <br>Climate modification: Growing doubts over [chip fat](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) [biofuel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd)<br>
 <br>21 April 2021<br>
 <br>remarks<br>
 <br>354 Comments<br>
 <br>New research study concerns the ecological impact of increasing imports of utilized cooking oil (UCO) into the UK and Europe.<br>
 <br>Chip fat and other oils are thought about waste, so when they are utilized 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 across Europe that imports now represent more than half of the UCO that's made into fuel.<br>
 <br>According to the research study, external, there's no method to show these imports are sustainable.<br>
 <br>Without any screening of what's being available in, specialists think it is likewise ripe for fraud.<br>
 <br>Used cooking oil imports may enhance logging<br>
 <br>Consumers pose 'growing threat' to [tropical](https://www.crunchbase.com/organization/mission-newenergy) forests<br>
 <br>Reducing emissions from transportation is showing to be one of the most difficult obstacles for governments all over the world.<br>
 <br>They've encouraged making use of biofuels as an important means of [curbing carbon](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) from cars and trucks.<br>
 <br>Biofuels are generally a blend of fossil fuel and oil made from plants or vegetables.<br>
 <br>The reality that these crops can be re-grown and soak up more CO2 indicates they cancel out the carbon given off when utilized in engines.<br>
 <br>Soy and palm oil were when [extensively](https://www.google.com/search?kgmid=/m/0cqd_rb) used as elements of [biodiesel](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) however this practice has been widely rejected since it motivates deforestation.<br>
 <br>So for the last years or two, the usage of [utilized cooking](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) oil has expanded massively as an alternative feedstock for fuel.<br>
 <br>Chip fat and other waste oils have actually become a key part of [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) with a reliable industry [emerging](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) throughout Europe to collect 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](https://www.pinterest.com.au/missionnewenergy/) by around 40% every year considering that 2014, there simply isn't enough chip fat to go around.<br>
 <br>According to a report from the [project](https://stocktwits.com/symbol/MNEL) group Transport & Environment, external, more than half of the UCO utilized in Europe is imported.<br>
 <br>Their study recommends this is extremely bothersome when it concerns influence on the [environment](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html).<br>
 <br>While UCO is considered a waste product in the UK, in China, Indonesia and Malaysia it has long been used to [feed animals](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608). The report raises the concern of what individuals in these countries are changing the UCO with, when it is exported.<br>
 <br>In 2019,  90 million litres of UCO to the UK and Ireland. Figures for their exports to other European nations aren't available however the circulation of UCO is most likely to be comparable.<br>
 <br>With a [population](https://pitchbook.com/profiles/company/51278-86) of around 33 million, that's close to 3 litres per head of used oil that's collected and exported to the UK and Ireland alone.<br>
 <br>By comparison, Thailand, which has a population of 70 million people, handled to collect around 5 million litres of UCO in 2019.<br>
 <br>"Because we are purchasing it, they have less utilized cooking oil to use on the things that they were previously using it for," [stated Greg](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) Archer with Transport & Environment.<br>
 <br>"And they're just purchasing more virgin oil and that virgin oil is largely palm oil, because that's the least expensive oil available.<br>
 <br>"So indirectly, we're simply motivating more deforestation in Southeast Asia."<br>
 <br>Another significant issue with UCO is the suspicion of scams.<br>
 <br>Because of need from Europe, the rate of UCO is frequently greater than palm oil. The concern is that some deceitful traders are merely diluting shipments of UCO with palm.<br>
 <br>As oils of various types are blended in bulk for transport, and no screening of the products is performed, some specialists believe scams is rife.<br>
 <br>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 location.<br>
 <br>"It is widely known that the European Commission has taken pertinent steps 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 new database being established by the EU will guarantee that trading, certification and sustainability data on all bio-liquids will need to be registered.<br>
 <br>"The [combination](https://www.pinterest.com.au/missionnewenergy/) of revised accreditation schemes and the [pan-EU track](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) and trace database will guarantee that no sustainability issues occur in the entire biofuels and [bio-liquids supply](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) chain," he told BBC News.<br>
 <br>Others in the field are worried that the database idea, which was first mooted in 2018, might not be efficient in stemming suspected scams.<br>
 <br>The report from Transport & Environment mentions that with shipping and aviation looking to decarbonise by utilizing biofuels, demand for UCO could double over the next years.<br>
 <br>"Rising the need beyond sustainable supply levels would increase these concerns, and dangers of using 'fake' UCO, possibly leading to indirect effects such as deforestation."<br>
 <br>Follow Matt on Twitter @mattmcgrathbbc, external.<br>
 <br>Related subjects<br>
 <br>COP26<br>
 <br>Paris environment agreement<br>
 <br>Climate<br>