Add Climate Change: Growing Doubts Over Chip Fat Biofuel

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 <br>[Climate](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) change: Growing doubts over chip fat [biofuel](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/)<br>
 <br>21 April 2021<br>
 <br>remarks<br>
 <br>354 Comments<br>
 <br>New research study concerns the environmental effect of increasing imports of used [cooking oil](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) (UCO) into the UK and Europe.<br>
 <br>Chip fat and other oils are thought about waste, so when they are used to make [biodiesel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) it conserves carbon emissions by [displacing fossil](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) oil.<br>
 <br>But such is the demand across Europe that imports now represent over half of the UCO that's made into fuel.<br>
 <br>According to the study, external, there's no method to prove these [imports](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) are [sustainable](https://pitchbook.com/profiles/company/51278-86).<br>
 <br>With no screening of what's being available in, experts believe it is also ripe for scams.<br>
 <br>Used cooking oil imports might boost logging<br>
 <br>Consumers pose 'growing threat' to tropical forests<br>
 <br>Reducing emissions from transportation is proving to be one of the most difficult obstacles for federal governments all over the world.<br>
 <br>They have actually encouraged the use of biofuels as an important methods of suppressing carbon from vehicles and [lorries](https://www.abnnewswire.net/companies/en/31347/%E0%B8%9A%E0%B8%A3%E0%B8%B4%E0%B8%A9%E0%B8%B1%E0%B8%97-Mission-NewEnergy-%E0%B8%88%E0%B8%B3%E0%B8%81%E0%B8%B1%E0%B8%94.html/4).<br>
 <br>[Biofuels](https://www.google.com/search?kgmid=/m/0cqd_rb) are usually a blend of fossil fuel and oil made from plants or veggies.<br>
 <br>The fact that these crops can be re-grown and soak up more CO2 implies they cancel out the carbon discharged when used in engines.<br>
 <br>Soy and palm oil were when widely used as parts of [biodiesel](https://www.zoominfo.com/c/mission-newenergy/346542889) however this practice has actually been commonly challenged due to the fact that it encourages logging.<br>
 <br>So for the last decade or two, making use of utilized cooking oil has actually expanded massively as an alternative feedstock for fuel.<br>
 <br>Chip fat and other waste oils have actually become a crucial part of biodiesel with an effective market [springing](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) up across Europe to collect and process the product.<br>
 <br>But with the amount of [biodiesel](https://www.pinterest.com.au/missionnewenergy/) made from UCO increasing by around 40% every year since 2014, there simply isn't [adequate chip](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) fat to walk around.<br>
 <br>According to a report from the campaign group Transport & Environment, external, over half of the UCO utilized in Europe is imported.<br>
 <br>Their study recommends this is highly bothersome when it comes to effects on the environment.<br>
 <br>While UCO is thought about a waste material in the UK, in China, Indonesia and Malaysia it has actually long been used to feed animals. The [report raises](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) the question of what individuals in these countries are replacing the UCO with, when it is [exported](https://pitchbook.com/profiles/company/51278-86).<br>
 <br>In 2019, Malaysia exported 90 million litres of UCO to the UK and Ireland. Figures for their [exports](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) to other [European nations](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) aren't readily available but the flow of UCO is most likely to be comparable.<br>
 <br>With a population of around 33 million, that's close to 3 litres per head of utilized oil that's gathered and exported to the UK and Ireland alone.<br>
 <br>By contrast, Thailand, which has a population of 70 million individuals,  to collect around five million litres of UCO in 2019.<br>
 <br>"Because we are purchasing it, they have less utilized cooking oil to utilize on the important things that they were formerly using it for," said Greg Archer with Transport & Environment.<br>
 <br>"And they're just buying more virgin oil which virgin oil is mostly palm oil, since that's the most inexpensive oil readily available.<br>
 <br>"So indirectly, we're simply motivating more [deforestation](https://forest500.org/rankings/companies/mission-newenergy-limited) in Southeast Asia."<br>
 <br>Another significant problem with UCO is the suspicion of scams.<br>
 <br>Because of need from Europe, the price of UCO is frequently higher than palm oil. The worry is that some deceitful traders are merely diluting deliveries of UCO with palm.<br>
 <br>As oils of different types are blended in bulk for transportation, and no screening of the products is brought out, some specialists believe scams is rife.<br>
 <br>The suggestion of fraud anywhere along the chain of supply is declined by the European Waste-to-Advanced Biofuels Association (EWABA), who say there are robust certification schemes in location.<br>
 <br>"It is extensively known that the European Commission has actually taken appropriate actions to completely curb unsound market practices in [biofuel](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) markets," said Angel Alberdi, EWABA's secretary general.<br>
 <br>He states a brand-new database being developed by the EU will guarantee that trading, certification and sustainability data on all bio-liquids will have to be registered.<br>
 <br>"The mix of revised accreditation schemes and the pan-EU track and trace database will make sure that no sustainability issues emerge in the whole biofuels and bio-liquids supply chain," he told BBC News.<br>
 <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 fraud.<br>
 <br>The report from Transport & Environment explains that with shipping and aviation looking to decarbonise by utilizing biofuels, demand for UCO might double over the next years.<br>
 <br>"Rising the need beyond sustainable supply levels would [increase](https://pitchbook.com/profiles/company/51278-86) these issues, and risks of utilizing 'phony' UCO, possibly causing [indirect impacts](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) such as deforestation."<br>
 <br>Follow Matt on Twitter @mattmcgrathbbc, external.<br>
 <br>Related topics<br>
 <br>COP26<br>
 <br>Paris environment agreement<br>
 <br>Climate<br>