Add Climate Change: Growing Doubts Over Chip Fat Biofuel
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<br>[Climate](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) change: [Growing doubts](https://www.crunchbase.com/organization/mission-newenergy) over [chip fat](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) [biofuel](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>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 ecological impact of increasing imports of used cooking oil (UCO) into the UK and Europe.<br>
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<br>[Chip fat](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) and other oils are considered waste, so when they are utilized to make biodiesel it saves carbon emissions by displacing fossil oil.<br>
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<br>But such is the demand 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 study, external, there's no method to prove these imports are sustainable.<br>
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<br>Without any screening of what's coming in, specialists think it is also ripe for scams.<br>
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<br>Used [cooking oil](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) imports might improve logging<br>
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<br>Consumers present 'growing danger' to tropical forests<br>
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<br>Reducing emissions from transport is showing to be among the hardest difficulties for federal governments all over the world.<br>
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<br>They've encouraged the use of biofuels as an essential means of curbing carbon from vehicles and lorries.<br>
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<br>Biofuels are usually a mix of [nonrenewable fuel](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) source and oil made from plants or vegetables.<br>
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<br>The fact that these crops can be re-grown and absorb more CO2 implies they cancel out the carbon discharged when used in engines.<br>
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<br>Soy and palm oil were when extensively used as parts of biodiesel but this [practice](https://www.zoominfo.com/c/mission-newenergy/346542889) has been widely discredited due to the fact that it motivates logging.<br>
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<br>So for the last decade approximately, making use of used cooking oil has actually broadened massively as an alternative feedstock for fuel.<br>
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<br>Chip fat and other waste oils have actually become a key element of biodiesel with a reliable industry springing up throughout Europe to collect and process the product.<br>
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<br>But with the amount of [biodiesel](https://www.zoominfo.com/c/mission-newenergy/346542889) made from UCO increasing by around 40% every year given that 2014, there just isn't enough chip fat to walk around.<br>
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<br>According to a report from the campaign group & Environment, external, more than half of the UCO used in Europe is imported.<br>
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<br>Their research study recommends this is extremely problematic when it comes to impacts on the environment.<br>
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<br>While UCO is thought about a waste material in the UK, in China, Indonesia and [Malaysia](https://forest500.org/rankings/companies/mission-newenergy-limited) it has long been utilized to feed animals. The report raises the question of what individuals in these [countries](https://pitchbook.com/profiles/company/51278-86) are changing the UCO with, when it is [exported](https://www.businessnews.com.au/Company/Mission-NewEnergy).<br>
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<br>In 2019, Malaysia exported 90 million litres of UCO to the UK and [Ireland](https://www.investing.com/equities/mission-newenergy-ltd-company-profile). Figures for their exports to other European countries aren't offered however the flow of UCO is likely to be similar.<br>
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<br>With a population of around 33 million, that's close to three litres per head of utilized oil that's collected and [exported](https://forest500.org/rankings/companies/mission-newenergy-limited) to the UK and Ireland alone.<br>
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<br>By contrast, Thailand, which has a population of 70 million individuals, managed to [collect](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) around 5 million litres of UCO in 2019.<br>
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<br>"Because we are buying it, they have less utilized cooking oil to use on the things that they were formerly utilizing it for," [stated Greg](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) Archer with Transport & Environment.<br>
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<br>"And they're just purchasing more virgin oil which virgin oil is mainly palm oil, since that's the least expensive oil readily available.<br>
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<br>"So indirectly, we're just motivating more deforestation 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 rate of UCO is frequently greater than palm oil. The worry is that some unscrupulous traders are just diluting shipments of UCO with palm.<br>
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<br>As oils of different types are blended in bulk for transport, and no screening of the products is performed, some professionals believe scams is swarming.<br>
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<br>The tip of scams anywhere along the chain of supply is turned down 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 widely [understood](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) that the [European](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) Commission has taken relevant steps to entirely suppress unsound market practices in [biofuel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) markets," stated Angel Alberdi, EWABA's secretary general.<br>
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<br>He states a brand-new database being developed by the EU will make sure that trading, certification and sustainability information on all bio-liquids will need to be signed up.<br>
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<br>"The combination of modified certification schemes and the pan-EU track and trace database will guarantee that no sustainability issues occur in the entire biofuels and bio-liquids supply chain," he told BBC News.<br>
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<br>Others in the field are worried that the database concept, which was first mooted in 2018, might not be efficient in stemming presumed scams.<br>
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<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 years.<br>
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<br>"Rising the demand beyond sustainable supply levels would increase these concerns, and risks of [utilizing 'fake'](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) UCO, potentially [leading](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) to indirect effects such as deforestation."<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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