Add Climate Change: Growing Doubts Over Chip Fat Biofuel
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<br>Climate change: Growing doubts over chip fat [biofuel](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm)<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 concerns the environmental effect of rising imports of used 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.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) it conserves carbon emissions by displacing fossil oil.<br>
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<br>But such is the need throughout 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 research study, external, there's no other way to show these imports are sustainable.<br>
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<br>Without any testing of what's being available in, [specialists](https://www.google.com/search?kgmid=/m/0cqd_rb) believe it is likewise ripe for fraud.<br>
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<br>Used cooking oil imports may improve logging<br>
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<br>Consumers posture 'growing risk' to tropical forests<br>
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<br>Reducing emissions from transport is proving to be among the most difficult difficulties for federal governments all over the world.<br>
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<br>They've encouraged the use of biofuels as a crucial methods of [curbing](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) carbon from cars and trucks.<br>
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<br>[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) are typically a mix of [fossil fuel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) and oil made from plants or vegetables.<br>
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<br>The [reality](https://www.bloomberg.com/profile/company/MNELF:US) that these crops can be re-grown and take in more CO2 implies they counteract the carbon emitted when utilized in engines.<br>
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<br>Soy and palm oil were when widely used as components of [biodiesel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) but this practice has been extensively rejected due to the fact that it encourages logging.<br>
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<br>So for the last years or two, 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 ended up being a crucial part of biodiesel with a [reliable market](https://pitchbook.com/profiles/company/51278-86) emerging across Europe to gather and process the product.<br>
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<br>But with the amount of [biodiesel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) made from UCO increasing by around 40% every year given that 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, more than half of the UCO utilized in Europe is [imported](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>
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<br>Their research study suggests this is extremely problematic when it pertains to influence on the environment.<br>
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<br>While UCO is considered a waste material in the UK, in China, Indonesia and Malaysia it has long been used to [feed animals](https://www.investing.com/equities/mission-newenergy-ltd-company-profile). 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](https://forest500.org/rankings/companies/mission-newenergy-limited) 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 countries aren't offered but the circulation of UCO is likely to be comparable.<br>
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<br>With a 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 individuals, handled to gather around 5 million litres of UCO in 2019.<br>
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<br>"Because we are purchasing it, they have actually less utilized cooking oil to utilize on the important things that they were previously using it for," stated Greg Archer with Transport & Environment.<br>
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<br>"And they're just purchasing more virgin oil and that virgin oil is largely palm oil, since that's the cheapest oil readily available.<br>
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<br>"So indirectly, we're [simply motivating](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) more logging in Southeast Asia."<br>
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<br>Another significant issue with UCO is the suspicion of fraud.<br>
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<br>Because of demand from Europe, the price of UCO is often higher than palm oil. The concern is that some unscrupulous traders are merely diluting shipments of UCO with palm.<br>
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<br>As oils of various types are blended in bulk for transport, and no screening of the products is carried out, some professionals think fraud is rife.<br>
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<br>The tip of scams anywhere along the chain of supply is declined by the European Waste-to-Advanced Biofuels Association (EWABA), who state there are robust certification schemes in location.<br>
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<br>"It is commonly understood that the European Commission has actually taken appropriate actions to totally curb unsound market practices in [biofuel](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) markets," said Angel Alberdi, EWABA's secretary general.<br>
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<br>He says a new database being established by the EU will make sure that trading, certification and sustainability data on all bio-liquids will need to be registered.<br>
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<br>"The combination of revised certification plans and the [pan-EU track](https://forest500.org/rankings/companies/mission-newenergy-limited) and trace database will ensure that no [sustainability](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) problems develop in the whole [biofuels](https://stocktwits.com/symbol/MNEL) and bio-liquids supply chain," he informed BBC News.<br>
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<br>Others in the field are concerned that the database idea, which was very first mooted in 2018, may not work in stemming believed scams.<br>
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<br>The report from Transport & Environment explains that with shipping and air travel wanting to decarbonise by utilizing biofuels, demand for UCO could double over the next years.<br>
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<br>"Rising the demand beyond [sustainable supply](https://stocktwits.com/symbol/MNEL) levels would increase these concerns, and threats of using ['phony'](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) UCO, possibly leading to indirect effects 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 climate contract<br>
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<br>Climate<br>
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