Add 'Climate Change: Growing Doubts Over Chip Fat Biofuel'

Climate-Change%3A-Growing-Doubts-Over-Chip-Fat-Biofuel.md

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+<br>[Climate](https://pitchbook.com/profiles/company/51278-86) change: [Growing doubts](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) over chip fat [biofuel](https://stocktwits.com/symbol/MNEL)<br>
+<br>21 April 2021<br>
+<br>remarks<br>
+<br>354 Comments<br>
+<br>New research [questions](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) the environmental effect of rising imports of used cooking oil (UCO) into the UK and Europe.<br>
+<br>Chip fat and other oils are thought about waste, so when they are [utilized](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) to make [biodiesel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) it conserves carbon emissions by displacing fossil oil.<br>
+<br>But such is the need throughout Europe that  now [represent](https://stocktwits.com/symbol/MNEL) over half of the UCO that's made into fuel.<br>
+<br>According to the study, external, there's no other way to show these imports are sustainable.<br>
+<br>With no screening of what's can be found in, professionals think it is likewise ripe for scams.<br>
+<br>Used cooking oil imports may increase logging<br>
+<br>Consumers present 'growing risk' to tropical forests<br>
+<br>[Reducing emissions](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) from transportation is proving to be among the [hardest difficulties](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) for governments all over the world.<br>
+<br>They've encouraged using biofuels as an essential means of curbing carbon from vehicles and trucks.<br>
+<br>Biofuels are usually a blend of nonrenewable fuel source and oil made from plants or vegetables.<br>
+<br>The fact that these crops can be re-grown and take in more CO2 indicates they counteract the carbon emitted when utilized in engines.<br>
+<br>Soy and palm oil were when extensively used as parts of biodiesel however this practice has been widely rejected since it motivates logging.<br>
+<br>So for the last years or so, making use of utilized cooking oil has actually expanded enormously as an alternative feedstock for fuel.<br>
+<br>Chip fat and other waste oils have actually become an essential component of biodiesel with an effective market [springing](https://www.zoominfo.com/c/mission-newenergy/346542889) up throughout Europe to gather and [process](https://pitchbook.com/profiles/company/51278-86) the item.<br>
+<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](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) by around 40% every year since 2014, there just isn't enough chip fat to go around.<br>
+<br>According to a report from the campaign group Transport & Environment, external, more than half of the UCO utilized in Europe is imported.<br>
+<br>Their research study suggests this is highly problematic when it pertains to impacts on the environment.<br>
+<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](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price). The [report raises](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) the concern of what individuals in these countries are [replacing](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) 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.investing.com/equities/mission-newenergy-ltd-company-profile) aren't readily available but the circulation of UCO is likely to be comparable.<br>
+<br>With a population of around 33 million, that's close to three litres per head of used oil that's gathered and [exported](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) to the UK and Ireland alone.<br>
+<br>By contrast, Thailand, which has a population of 70 million people, managed to [collect](https://www.bloomberg.com/profile/company/MNELF:US) around 5 million litres of UCO in 2019.<br>
+<br>"Because we are buying it, they have less used cooking oil to utilize on the things that they were formerly utilizing it for," said Greg Archer with Transport & Environment.<br>
+<br>"And they're simply buying more virgin oil which virgin oil is mainly palm oil, since that's the most affordable oil readily available.<br>
+<br>"So indirectly, we're just encouraging more deforestation in Southeast Asia."<br>
+<br>Another significant problem with UCO is the suspicion of scams.<br>
+<br>Because of demand from Europe, the price of UCO is frequently higher than palm oil. The worry is that some unethical traders are simply diluting shipments of UCO with palm.<br>
+<br>As oils of different types are mixed in bulk for transport, and no screening of the products is performed, some experts believe fraud is rife.<br>
+<br>The suggestion 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>
+<br>"It is widely known that the European Commission has taken appropriate steps to totally suppress unsound market practices in [biofuel](https://stocktwits.com/symbol/MNEL) markets," stated Angel Alberdi, EWABA's secretary general.<br>
+<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 have to be registered.<br>
+<br>"The combination of revised certification schemes and the pan-EU track and trace database will ensure that no [sustainability concerns](https://stocktwits.com/symbol/MNEL) emerge in the entire biofuels and bio-liquids supply chain," he told BBC News.<br>
+<br>Others in the field are concerned that the database concept, which was first mooted in 2018, might not work in stemming suspected fraud.<br>
+<br>The report from Transport & Environment mentions that with shipping and air travel wanting to decarbonise by utilizing biofuels, demand for UCO could double over the next decade.<br>
+<br>"Rising the demand beyond sustainable supply levels would increase these concerns, and dangers of using 'fake' UCO, possibly leading to indirect impacts such as logging."<br>
+<br>Follow Matt on Twitter @mattmcgrathbbc, external.<br>
+<br>Related subjects<br>
+<br>COP26<br>
+<br>Paris climate agreement<br>
+<br>Climate<br>