Add Climate Change: Growing Doubts Over Chip Fat Biofuel
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<br>Climate change: Growing doubts over chip fat [biofuel](https://stocktwits.com/symbol/MNEL)<br>
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<br>21 April 2021<br>
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<br>remarks<br>
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<br>354 Comments<br>
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<br>New research study questions the ecological effect of increasing imports of utilized [cooking oil](https://forest500.org/rankings/companies/mission-newenergy-limited) (UCO) into the UK and Europe.<br>
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<br>Chip fat 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 saves carbon emissions by displacing fossil oil.<br>
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<br>But such is the demand throughout Europe that imports now represent over half of the UCO that's made into fuel.<br>
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<br>According to the research study, external, there's no other way to prove these imports are sustainable.<br>
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<br>Without any testing of what's coming in, specialists think it is also ripe for fraud.<br>
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<br>Used [cooking oil](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) imports might enhance logging<br>
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<br>Consumers position 'growing threat' to tropical forests<br>
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<br>Reducing emissions from transportation is showing to be one of the most difficult challenges for federal [governments](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) all over the world.<br>
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<br>They've motivated using biofuels as an [essential](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) means of suppressing carbon from cars and trucks and lorries.<br>
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<br>Biofuels are usually a mix of nonrenewable fuel source and oil made from plants or vegetables.<br>
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<br>The that these crops can be re-grown and absorb more CO2 suggests they cancel out the [carbon produced](https://www.crunchbase.com/organization/mission-newenergy) when utilized in engines.<br>
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<br>Soy and palm oil were when extensively used as components of [biodiesel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) but this practice has actually been commonly discredited because it motivates deforestation.<br>
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<br>So for the last decade or so, the use of utilized cooking oil has [broadened massively](https://forest500.org/rankings/companies/mission-newenergy-limited) as an alternative feedstock for fuel.<br>
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<br>[Chip fat](https://www.businessnews.com.au/Company/Mission-NewEnergy) and other waste oils have ended up being a crucial element of [biodiesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) with an [efficient market](https://www.zoominfo.com/c/mission-newenergy/346542889) emerging throughout Europe to gather and process the item.<br>
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<br>But with the amount of [biodiesel](https://www.pinterest.com.au/missionnewenergy/) made from UCO increasing by around 40% every year because 2014, there just isn't sufficient chip fat to go around.<br>
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<br>According to a report from the campaign group Transport & Environment, external, majority of the UCO used in Europe is imported.<br>
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<br>Their research study suggests this is extremely bothersome when it concerns influence on the environment.<br>
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<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://forest500.org/rankings/companies/mission-newenergy-limited). The report raises the [question](https://www.crunchbase.com/organization/mission-newenergy) of what people in these countries are changing 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 for their [exports](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) to other European nations aren't offered however the flow of UCO is most likely to be comparable.<br>
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<br>With a population of around 33 million, that's close to three litres per head of used oil that's collected and exported to the UK and Ireland alone.<br>
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<br>By contrast, Thailand, which has a population of 70 million individuals, handled to collect around five million litres of UCO in 2019.<br>
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<br>"Because we are purchasing it, they have less used 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 and that virgin oil is mainly palm oil, because that's the least expensive 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 fraud.<br>
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<br>Because of demand from Europe, the price of UCO is frequently greater than palm oil. The worry is that some dishonest traders are just watering down 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 specialists think fraud is rife.<br>
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<br>The recommendation 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 plans in place.<br>
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<br>"It is widely known that the European Commission has taken pertinent steps to entirely suppress unsound market practices in [biofuel](https://www.crunchbase.com/organization/mission-newenergy) markets," stated Angel Alberdi, EWABA's secretary general.<br>
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<br>He states a new database being developed by the EU will ensure that trading, accreditation and sustainability data on all bio-liquids will need to be signed up.<br>
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<br>"The [combination](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) of [modified accreditation](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) plans and the pan-EU track and trace [database](https://www.pinterest.com.au/missionnewenergy/) will ensure that no sustainability issues arise in the whole biofuels and [bio-liquids supply](https://www.crunchbase.com/organization/mission-newenergy) chain," he informed 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, might not work in stemming thought scams.<br>
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<br>The report from Transport & Environment mentions that with shipping and aviation wanting to decarbonise by utilizing biofuels, need for UCO could double over the next years.<br>
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<br>"Rising the demand beyond sustainable supply levels would increase these issues, and risks of utilizing 'fake' UCO, potentially resulting in indirect impacts such as logging."<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 environment agreement<br>
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<br>Climate<br>
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