From 7f3fc1212405db400f39cd22fe3dd5fd5e51b4e5 Mon Sep 17 00:00:00 2001 From: steviegorsuch7 Date: Sun, 12 Jan 2025 19:04:52 +0100 Subject: [PATCH] Add Climate Change: Growing Doubts Over Chip Fat Biofuel --- ...3A-Growing-Doubts-Over-Chip-Fat-Biofuel.md | 43 +++++++++++++++++++ 1 file changed, 43 insertions(+) create mode 100644 Climate-Change%3A-Growing-Doubts-Over-Chip-Fat-Biofuel.md 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..bfaa331 --- /dev/null +++ b/Climate-Change%3A-Growing-Doubts-Over-Chip-Fat-Biofuel.md @@ -0,0 +1,43 @@ +
Climate change: Growing doubts 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 questions the ecological impact of rising [imports](https://pitchbook.com/profiles/company/51278-86) of utilized cooking oil (UCO) into the UK and Europe.
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[Chip fat](https://www.pinterest.com.au/missionnewenergy/) and other oils are considered waste, so when they are used to make [biodiesel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) it conserves carbon emissions by displacing fossil oil.
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But such is the demand across Europe that imports now account for over half of the UCO that's made into fuel.
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According to the study, external, there's no other way to show these imports are sustainable.
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With no screening of what's can be found in, professionals think it is also ripe for fraud.
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Used cooking oil imports may improve deforestation
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Consumers pose 'growing danger' to tropical forests
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Reducing emissions from transportation is showing to be among the toughest obstacles for federal governments all over the world.
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They've encouraged making use of biofuels as a crucial means of suppressing carbon from vehicles and trucks.
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Biofuels are normally a blend of [nonrenewable fuel](https://www.zoominfo.com/c/mission-newenergy/346542889) source and oil made from plants or [vegetables](https://www.zoominfo.com/c/mission-newenergy/346542889).
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The truth that these crops can be re-grown and soak up more CO2 suggests they cancel out the carbon produced when used in engines.
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Soy and palm oil were as soon as extensively utilized as components of [biodiesel](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) however this practice has been commonly discredited due to the fact that it motivates deforestation.
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So for the last years or two, using used cooking oil has broadened massively as an alternative feedstock for fuel.
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Chip fat and other waste oils have actually ended up being a key [element](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) of [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) with an [efficient](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) [market springing](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) up throughout Europe to gather and process the product.
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But with the amount of [biodiesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) made from UCO increasing by around 40% every year since 2014, there just isn't adequate chip fat to go around.
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According to a report from the [campaign](https://www.bloomberg.com/profile/company/MNELF:US) group Transport & Environment, external, over half of the UCO utilized in Europe is [imported](https://www.zoominfo.com/c/mission-newenergy/346542889).
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Their research study recommends this is highly troublesome when it concerns effect on the environment.
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While UCO is thought about a [waste product](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) in the UK, in China, Indonesia and Malaysia it has actually long been used to . The report raises the concern of what individuals in these countries are [replacing](https://www.zoominfo.com/c/mission-newenergy/346542889) 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](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) for their exports to other European countries aren't readily available but the flow of UCO is likely to be similar.
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With a [population](https://www.crunchbase.com/organization/mission-newenergy) 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.
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By comparison, Thailand, which has a population of 70 million people, handled to gather around five million litres of UCO in 2019.
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"Because we are buying it, they have less utilized cooking oil to utilize on the things that they were formerly using it for," said Greg Archer with Transport & Environment.
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"And they're simply purchasing more virgin oil which virgin oil is mainly palm oil, since that's the cheapest oil available.
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"So indirectly, we're just motivating more logging in Southeast Asia."
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Another major issue with UCO is the suspicion of scams.
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Because of demand from Europe, the cost of UCO is often greater than palm oil. The concern is that some unscrupulous traders are merely diluting deliveries of UCO with palm.
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As oils of different types are mixed in bulk for transportation, and no screening of the products is performed, some experts think scams is swarming.
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The recommendation of scams anywhere along the chain of supply is turned down by the European Waste-to-Advanced Biofuels Association (EWABA), who state there are robust certification schemes in place.
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"It is commonly known that the European Commission has taken appropriate actions to entirely [curb unsound](https://www.zoominfo.com/c/mission-newenergy/346542889) market practices in [biofuel](https://stocktwits.com/symbol/MNEL) markets," said Angel Alberdi, EWABA's secretary general.
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He states a new database being developed by the EU will make sure that trading, certification and sustainability information on all bio-liquids will need to be registered.
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"The combination of modified certification plans and the [pan-EU track](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) and trace database will ensure that no sustainability concerns develop in the entire biofuels and bio-liquids supply chain," he told BBC News.
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Others in the field are worried that the database idea, which was very first mooted in 2018, may not be reliable in stemming believed scams.
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The report from Transport & Environment mentions that with shipping and air travel aiming to decarbonise by utilizing biofuels, demand for UCO might double over the next decade.
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"Rising the need beyond sustainable supply levels would increase these issues, and dangers of utilizing 'phony' UCO, possibly resulting in indirect impacts such as deforestation."
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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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