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>comments<br>
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<br>354 Comments<br>
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<br>New research study concerns the environmental impact of increasing imports of utilized cooking oil (UCO) into the UK and Europe.<br>
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<br>Chip fat and other oils are thought about waste, so when they are utilized to make [biodiesel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) it saves carbon emissions by [displacing fossil](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) oil.<br>
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<br>But such is the need across Europe that imports now [account](https://pitchbook.com/profiles/company/51278-86) 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 way to prove these imports are [sustainable](https://forest500.org/rankings/companies/mission-newenergy-limited).<br>
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<br>With no testing of what's can be found in, specialists think it is likewise ripe for fraud.<br>
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<br>Used cooking oil imports might boost logging<br>
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<br>Consumers pose 'growing hazard' to tropical forests<br>
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<br>Reducing emissions from transport is proving to be one of the toughest difficulties for governments all over the world.<br>
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<br>They've the usage of [biofuels](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) as an [essential](https://www.pinterest.com.au/missionnewenergy/) ways of curbing carbon from automobiles and lorries.<br>
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<br>Biofuels are typically a mix of fossil fuel and oil made from plants or veggies.<br>
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<br>The fact that these crops can be re-grown and take in more CO2 indicates they cancel out the carbon given off when utilized in engines.<br>
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<br>Soy and palm oil were once extensively [utilized](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) as components of [biodiesel](https://www.pinterest.com.au/missionnewenergy/) but this practice has been widely rejected due to the fact that it encourages deforestation.<br>
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<br>So for the last years or so, making use of used cooking oil has broadened enormously as an alternative feedstock for fuel.<br>
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<br>Chip fat and other waste oils have actually become a key component of [biodiesel](https://www.zoominfo.com/c/mission-newenergy/346542889) with a reliable industry springing up throughout Europe to gather and [process](https://www.pinterest.com.au/missionnewenergy/) the product.<br>
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<br>But with the amount of [biodiesel](https://www.pinterest.com.au/missionnewenergy/) made from [UCO increasing](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) by around 40% every year considering that 2014, there just isn't sufficient chip fat to go around.<br>
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<br>According to a report from the project group Transport & Environment, external, more than half of the UCO utilized in Europe is imported.<br>
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<br>Their [study recommends](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) this is highly bothersome when it comes to effect on the environment.<br>
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<br>While UCO is thought about 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 individuals 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 to other European nations aren't available however the circulation of UCO is likely to be comparable.<br>
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<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>
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<br>By contrast, Thailand, which has a population of 70 million people, managed to gather 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," stated Greg Archer with [Transport](https://forest500.org/rankings/companies/mission-newenergy-limited) & [Environment](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/).<br>
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<br>"And they're simply buying more virgin oil which virgin oil is mainly palm oil, because that's the cheapest oil readily available.<br>
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<br>"So indirectly, we're simply motivating more deforestation in Southeast Asia."<br>
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<br>Another significant problem with UCO is the suspicion of fraud.<br>
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<br>Because of need from Europe, the rate of UCO is frequently higher than palm oil. The concern is that some deceitful traders are simply diluting deliveries of UCO with palm.<br>
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<br>As oils of different types are mixed in bulk for transport, and no screening of the products is carried out, some experts think fraud is rife.<br>
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<br>The idea 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 schemes in location.<br>
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<br>"It is commonly understood that the European Commission has actually taken [pertinent](https://www.businessnews.com.au/Company/Mission-NewEnergy) steps to totally curb unsound market practices in [biofuel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) 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, accreditation and sustainability information on all bio-liquids will have to be registered.<br>
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<br>"The combination of modified certification plans and the pan-EU track and trace database will guarantee that no sustainability concerns occur in the entire [biofuels](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) and bio-liquids supply 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, may not work in stemming presumed scams.<br>
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<br>The report from Transport & Environment explains that with shipping and air travel seeking to decarbonise by utilizing biofuels, need for UCO might double over the next decade.<br>
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<br>"Rising the need beyond [sustainable supply](https://pitchbook.com/profiles/company/51278-86) levels would increase these issues, and threats of utilizing 'phony' UCO, possibly [leading](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) to indirect impacts such as deforestation."<br>
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<br>Follow Matt on Twitter @mattmcgrathbbc, external.<br>
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<br>Related topics<br>
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<br>COP26<br>
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<br>Paris climate arrangement<br>
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<br>Climate<br>
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