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<br>Climate change: Growing doubts over chip fat [biofuel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608)<br>
<br>21 April 2021<br>
<br>remarks<br>
<br>354 Comments<br>
<br>New research study questions the environmental effect of [rising imports](https://www.google.com/search?kgmid=/m/0cqd_rb) 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 used to make [biodiesel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) it [saves carbon](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) [emissions](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) by displacing fossil oil.<br>
<br>But such is the need across Europe that [imports](https://www.google.com/search?kgmid=/m/0cqd_rb) now [represent](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) over half of the UCO that's made into fuel.<br>
<br>According to the research study, external, there's no method to prove these imports are sustainable.<br>
<br>With no screening of what's being available in, [specialists](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) think it is likewise ripe for fraud.<br>
<br>Used cooking oil imports may increase logging<br>
<br>Consumers present 'growing threat' to tropical forests<br>
<br>Reducing emissions from transport is showing to be one of the hardest challenges for federal governments all over the world.<br>
<br>They have actually encouraged the use of biofuels as a [crucial](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) ways of suppressing carbon from and trucks.<br>
<br>Biofuels are typically a blend of nonrenewable fuel source and oil made from plants or [veggies](https://www.businessnews.com.au/Company/Mission-NewEnergy).<br>
<br>The truth that these crops can be re-grown and soak up more CO2 indicates they cancel out the carbon produced when [utilized](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) in engines.<br>
<br>Soy and palm oil were as soon as widely [utilized](https://www.pinterest.com.au/missionnewenergy/) as elements of [biodiesel](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) but this practice has been widely discredited since it motivates logging.<br>
<br>So for the last decade or so, making use of utilized cooking oil has actually broadened enormously as an alternative feedstock for fuel.<br>
<br>Chip fat and other waste oils have actually ended up being a crucial component of [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) with an effective industry emerging across Europe to gather and process the product.<br>
<br>But with the amount of [biodiesel](https://www.zoominfo.com/c/mission-newenergy/346542889) made from UCO increasing by around 40% every year since 2014, there simply isn't sufficient chip fat to walk around.<br>
<br>According to a report from the campaign group Transport & Environment, external, majority of the UCO utilized in Europe is imported.<br>
<br>Their research study recommends this is highly problematic when it concerns effects on the environment.<br>
<br>While UCO is considered a waste product in the UK, in China, Indonesia and Malaysia it has actually long been used to feed animals. The report raises the question of what people in these nations are replacing the UCO with, when it is exported.<br>
<br>In 2019, Malaysia exported 90 million litres of UCO to the UK and Ireland. Figures for their exports to other [European countries](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) aren't offered but the flow of UCO is most likely to be similar.<br>
<br>With a population of around 33 million, that's close to three litres per head of utilized oil that's gathered and exported to the UK and Ireland alone.<br>
<br>By comparison, Thailand, which has a population of 70 million people, managed to gather around 5 million litres of UCO in 2019.<br>
<br>"Because we are purchasing it, they have actually less used cooking oil to utilize on the important things that they were formerly utilizing it for," [stated Greg](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) Archer with Transport & [Environment](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html).<br>
<br>"And they're simply purchasing more virgin oil which virgin oil is largely palm oil, because that's the least expensive oil readily available.<br>
<br>"So indirectly, we're just motivating more logging 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 concern is that some unscrupulous traders are simply watering down 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 performed, some experts think scams is rife.<br>
<br>The recommendation of scams anywhere along the chain of supply is rejected by the European Waste-to-Advanced Biofuels Association (EWABA), who state there are robust accreditation plans in place.<br>
<br>"It is commonly understood that the European Commission has actually taken appropriate actions to entirely curb unsound market practices in [biofuel](https://stocktwits.com/symbol/MNEL) markets," stated Angel Alberdi, EWABA's secretary general.<br>
<br>He states a new database being developed by the EU will ensure that trading, accreditation and sustainability information on all bio-liquids will have to be signed up.<br>
<br>"The mix of revised certification plans and the pan-EU track and trace database will [guarantee](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) that no [sustainability](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) problems arise in the entire 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, might not be reliable in stemming thought scams.<br>
<br>The report from Transport & Environment points out that with shipping and aviation looking to decarbonise by utilizing biofuels, need for UCO could double over the next decade.<br>
<br>"Rising the need beyond sustainable supply levels would increase these issues, and risks of utilizing 'phony' UCO, potentially resulting in indirect impacts such as deforestation."<br>
<br>Follow Matt on Twitter @mattmcgrathbbc, external.<br>
<br>Related subjects<br>
<br>COP26<br>
<br>Paris climate agreement<br>
<br>Climate<br>