Add Climate Change: Growing Doubts Over Chip Fat Biofuel
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<br>Climate change: Growing doubts over chip fat [biofuel](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/)<br>
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<br>21 April 2021<br>
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<br>comments<br>
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<br>354 Comments<br>
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<br>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.<br>
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<br>[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.<br>
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<br>But such is the demand across Europe that imports now account for over half of the UCO that's made into fuel.<br>
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<br>According to the study, external, there's no other way to show these imports are sustainable.<br>
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<br>With no screening of what's can be found in, professionals think it is also ripe for fraud.<br>
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<br>Used cooking oil imports may improve deforestation<br>
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<br>Consumers pose 'growing danger' to tropical forests<br>
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<br>Reducing emissions from transportation is showing to be among the toughest obstacles for federal governments all over the world.<br>
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<br>They've encouraged making use of biofuels as a crucial means of suppressing carbon from vehicles and trucks.<br>
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<br>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).<br>
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<br>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.<br>
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<br>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.<br>
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<br>So for the last years or two, using used cooking oil has broadened massively as an alternative feedstock for fuel.<br>
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<br>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.<br>
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<br>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.<br>
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<br>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).<br>
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<br>Their research study recommends this is highly troublesome when it concerns effect on the environment.<br>
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<br>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.<br>
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<br>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.<br>
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<br>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.<br>
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<br>By comparison, Thailand, which has a population of 70 million people, handled to gather around five million litres of UCO in 2019.<br>
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<br>"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.<br>
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<br>"And they're simply purchasing more virgin oil which virgin oil is mainly palm oil, since that's the cheapest oil available.<br>
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<br>"So indirectly, we're just motivating more logging in Southeast Asia."<br>
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<br>Another major issue with UCO is the suspicion of scams.<br>
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<br>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.<br>
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<br>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.<br>
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<br>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.<br>
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<br>"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.<br>
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<br>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.<br>
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<br>"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.<br>
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<br>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.<br>
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<br>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.<br>
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<br>"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."<br>
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<br>Follow Matt on Twitter @mattmcgrathbbc, external.<br>
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<br>Related subjects<br>
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<br>COP26<br>
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<br>Paris climate contract<br>
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<br>Climate<br>
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