Add Climate Change: Growing Doubts Over Chip Fat Biofuel
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<br>Climate modification: Growing doubts over chip fat [biofuel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608)<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 of rising imports of utilized cooking 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.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) it saves carbon emissions by displacing fossil oil.<br>
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<br>But such is the demand across Europe that imports now represent over half of the UCO that's made into fuel.<br>
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<br>According to the study, external, there's no chance to show these imports are sustainable.<br>
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<br>Without any screening of what's being available in, experts think it is also ripe for fraud.<br>
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<br>Used cooking oil imports might [improve](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) deforestation<br>
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<br>Consumers pose 'growing risk' to tropical forests<br>
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<br>Reducing emissions from transport is showing to be one of the most difficult challenges for governments all over the world.<br>
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<br>They've motivated making use of biofuels as an essential means of [curbing carbon](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) from vehicles and lorries.<br>
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<br>Biofuels are typically a mix of [nonrenewable fuel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) source and oil made from plants or veggies.<br>
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<br>The truth that these crops can be re-grown and soak up more CO2 implies they counteract the carbon given off when used in [engines](https://pitchbook.com/profiles/company/51278-86).<br>
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<br>Soy and palm oil were when widely utilized as [elements](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) of [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) but this practice has actually been commonly discredited due to the fact that it encourages logging.<br>
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<br>So for the last years approximately, the use of used cooking oil has broadened massively as an alternative feedstock for fuel.<br>
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<br>Chip fat and other waste oils have actually ended up being a crucial part of [biodiesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) with an effective market emerging throughout Europe to gather and process the item.<br>
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<br>But with the quantity of [biodiesel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) made from [UCO increasing](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) by around 40% every year given that 2014, there simply isn't [sufficient chip](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) 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](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html).<br>
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<br>Their study suggests this is highly problematic when it comes to effect 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 actually long been utilized to feed animals. The report raises the concern of what people in these [nations](https://www.zoominfo.com/c/mission-newenergy/346542889) are changing the UCO with, when it is exported.<br>
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<br>In 2019, [Malaysia exported](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) 90 million litres of UCO to the UK and Ireland. Figures for their exports to other European countries aren't readily available however the circulation 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 3 litres per head of utilized oil that's gathered and [exported](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) to the UK and Ireland alone.<br>
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<br>By contrast, Thailand, which has a population of 70 million people, [managed](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) to [collect](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) 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 use on the things that they were formerly utilizing it for," said Greg Archer with Transport & Environment.<br>
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<br>"And they're just purchasing more virgin oil and that virgin oil is mostly palm oil, since that's the most inexpensive oil offered.<br>
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<br>"So indirectly, we're just encouraging 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 need from Europe, the cost of UCO is frequently higher than palm oil. The worry is that some deceitful traders are merely watering down shipments of UCO with palm.<br>
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<br>As oils of different types are blended in bulk for transportation, and no testing of the products is brought out, some professionals think fraud is rife.<br>
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<br>The recommendation of fraud anywhere along the chain of supply is rejected 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 widely understood that the European Commission has actually taken appropriate steps to entirely 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 new database being established by the EU will make sure that trading, accreditation and sustainability data on all bio-liquids will need to be signed up.<br>
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<br>"The mix of revised accreditation [schemes](https://www.pinterest.com.au/missionnewenergy/) and the pan-EU track and trace database will make sure that no sustainability problems emerge in the entire biofuels 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 be reliable in stemming suspected scams.<br>
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<br>The report from Transport & Environment explains that with shipping and air travel looking to decarbonise by utilizing biofuels, need for UCO might double over the next decade.<br>
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<br>"Rising the demand beyond sustainable supply levels would increase these issues, and threats of using 'fake' UCO, possibly resulting in indirect effects such as [deforestation](https://www.crunchbase.com/organization/mission-newenergy)."<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 arrangement<br>
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<br>Climate<br>
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