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 concerns the environmental effect of increasing imports of oil (UCO) into the UK and Europe.<br>
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<br>Chip fat and other oils are considered waste, so when they are utilized to make [biodiesel](https://www.pinterest.com.au/missionnewenergy/) it conserves carbon emissions by displacing fossil oil.<br>
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<br>But such is the need across Europe that imports now [represent](https://www.crunchbase.com/organization/mission-newenergy) 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 screening of what's being available in, [professionals](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) believe it is likewise ripe for fraud.<br>
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<br>Used cooking oil imports may increase logging<br>
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<br>Consumers pose 'growing threat' to tropical forests<br>
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<br>Reducing emissions from transportation is showing to be among the most difficult difficulties for governments all over the world.<br>
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<br>They've motivated the use of biofuels as an essential methods of suppressing carbon from cars and trucks and lorries.<br>
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<br>[Biofuels](https://www.google.com/search?kgmid=/m/0cqd_rb) are generally a mix of fossil fuel and oil made from plants or vegetables.<br>
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<br>The fact that these crops can be re-grown and take in more CO2 indicates they counteract the carbon discharged when utilized in engines.<br>
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<br>Soy and palm oil were once commonly utilized as components of [biodiesel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) but this practice has been widely [challenged](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) because it encourages logging.<br>
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<br>So for the last years approximately, the usage of [utilized cooking](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) oil has actually [expanded enormously](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) as an [alternative feedstock](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) for fuel.<br>
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<br>Chip fat and other waste oils have become a key element of [biodiesel](https://www.crunchbase.com/organization/mission-newenergy) with an effective industry emerging throughout Europe to [collect](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) and process the item.<br>
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<br>But with the amount of [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) made from UCO increasing by around 40% every year considering that 2014, there simply isn't sufficient chip fat to walk 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 research study recommends this is extremely bothersome when it comes to impacts 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 long been used to feed animals. The report raises the question of what individuals in these nations are changing the UCO with, when it is exported.<br>
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<br>In 2019, [Malaysia exported](https://www.zoominfo.com/c/mission-newenergy/346542889) 90 million litres of UCO to the UK and Ireland. Figures for their exports to other [European nations](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) aren't available but 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 comparison, Thailand, which has a [population](https://www.bloomberg.com/profile/company/MNELF:US) of 70 million people, [managed](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) to gather around five 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," said Greg Archer with Transport & Environment.<br>
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<br>"And they're simply purchasing more virgin oil which virgin oil is largely palm oil, because that's the most affordable oil readily available.<br>
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<br>"So indirectly, we're simply motivating more [logging](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) in Southeast Asia."<br>
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<br>Another major problem with UCO is the suspicion of fraud.<br>
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<br>Because of demand from Europe, the cost of UCO is typically higher than palm oil. The concern is that some unscrupulous traders are simply diluting shipments 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 brought out, some specialists believe scams is swarming.<br>
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<br>The idea of fraud anywhere along the chain of supply is declined by the European Waste-to-Advanced Biofuels Association (EWABA), who state there are robust certification plans in location.<br>
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<br>"It is extensively understood that the European Commission has taken relevant steps to completely suppress unsound market practices in [biofuel](https://stocktwits.com/symbol/MNEL) markets," stated Angel Alberdi, EWABA's secretary general.<br>
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<br>He states a brand-new database being established by the EU will ensure that trading, certification and sustainability data on all bio-liquids will need to be registered.<br>
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<br>"The mix of modified certification plans and the pan-EU track and trace database will make sure that no sustainability [concerns occur](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) in the entire [biofuels](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) 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 first mooted in 2018, might not work in stemming suspected fraud.<br>
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<br>The report from Transport & Environment mentions that with shipping and aviation seeking to decarbonise by utilizing biofuels, demand for UCO might double over the next years.<br>
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<br>"Rising the need beyond sustainable supply levels would increase these concerns, and threats of using 'phony' 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 topics<br>
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<br>COP26<br>
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<br>Paris environment contract<br>
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<br>Climate<br>
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