Add Climate Change: Growing Doubts Over Chip Fat Biofuel

2025-01-11 20:20:34 +00:00 · 2025-01-11 20:20:34 +00:00 · 1b42411419
parent e3f9295eda
commit 1b42411419
1 changed files with 43 additions and 0 deletions
--- a/Climate-Change%3A-Growing-Doubts-Over-Chip-Fat-Biofuel.md
+++ b/Climate-Change%3A-Growing-Doubts-Over-Chip-Fat-Biofuel.md
@ -0,0 +1,43 @@
 <br>Climate change: Growing doubts over chip fat [biofuel](https://www.zoominfo.com/c/mission-newenergy/346542889)<br>
 <br>21 April 2021<br>
 <br>comments<br>
 <br>354 Comments<br>
 <br>New research concerns the environmental impact of rising [imports](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) 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 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>
 <br>But such is the need throughout Europe that imports now represent more than half of the UCO that's made into fuel.<br>
 <br>According to the study, external, there's no chance to show these imports are sustainable.<br>
 <br>With no screening of what's being available in, specialists believe it is also ripe for fraud.<br>
 <br>Used cooking oil [imports](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) might improve logging<br>
 <br>Consumers pose 'growing threat' to tropical forests<br>
 <br>Reducing emissions from [transport](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) is showing to be among the toughest obstacles for federal governments all over the world.<br>
 <br>They've motivated making use of biofuels as an important methods of curbing carbon from vehicles and trucks.<br>
 <br>Biofuels are generally a mix of fossil fuel and oil made from plants or vegetables.<br>
 <br>The fact that these crops can be  and take in more CO2 suggests they cancel out the [carbon discharged](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) when utilized in engines.<br>
 <br>Soy and palm oil were when extensively utilized as components of [biodiesel](https://www.google.com/search?kgmid=/m/0cqd_rb) however this practice has actually been extensively rejected because it [encourages](https://stocktwits.com/symbol/MNEL) deforestation.<br>
 <br>So for the last decade or so, using used cooking oil has broadened massively as an alternative feedstock for fuel.<br>
 <br>Chip fat and other waste oils have ended up being a key component of [biodiesel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) with a reliable market [emerging](https://www.bloomberg.com/profile/company/MNELF:US) across Europe to collect and process the item.<br>
 <br>But with the quantity of [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) made from UCO increasing by around 40% every year because 2014, there just isn't enough chip fat to walk around.<br>
 <br>According to a report from the campaign group Transport & Environment, external, majority of the UCO utilized in Europe is imported.<br>
 <br>Their research study recommends 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.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm). The report raises the [question](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) of what people in these nations are replacing the UCO with, when it is exported.<br>
 <br>In 2019, [Malaysia exported](https://pitchbook.com/profiles/company/51278-86) 90 million litres of UCO to the UK and Ireland. Figures for their exports to other European countries aren't offered 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 utilized oil that's collected and exported to the UK and Ireland alone.<br>
 <br>By comparison, Thailand, which has a population of 70 million individuals, handled to collect around five million litres of UCO in 2019.<br>
 <br>"Because we are buying it, they have actually less utilized cooking oil to utilize on the things that they were formerly using it for," stated Greg Archer with Transport & Environment.<br>
 <br>"And they're just purchasing more virgin oil and that virgin oil is mainly palm oil, because that's the least expensive oil offered.<br>
 <br>"So indirectly, we're simply motivating more logging in Southeast Asia."<br>
 <br>Another major issue with UCO is the suspicion of scams.<br>
 <br>Because of need from Europe, the price of UCO is typically higher than palm oil. The worry is that some unscrupulous traders are just diluting deliveries 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 think scams is rife.<br>
 <br>The suggestion of scams anywhere along the chain of supply is rejected by the European Waste-to-Advanced Biofuels Association (EWABA), who state there are robust accreditation plans in place.<br>
 <br>"It is widely known that the [European Commission](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) has actually taken pertinent steps to entirely [curb unsound](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) market practices in [biofuel](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) markets," said Angel Alberdi, EWABA's secretary general.<br>
 <br>He says a new database being established by the EU will ensure that trading, accreditation and sustainability data on all bio-liquids will have to be registered.<br>
 <br>"The mix of modified certification schemes and the pan-EU track and [trace database](https://pitchbook.com/profiles/company/51278-86) will guarantee that no [sustainability issues](https://www.businessnews.com.au/Company/Mission-NewEnergy) arise in the entire biofuels and bio-liquids supply chain," he informed BBC News.<br>
 <br>Others in the field are concerned that the database concept, which was very first mooted in 2018, may not be efficient in stemming thought scams.<br>
 <br>The report from Transport & Environment mentions that with shipping and aviation looking to decarbonise by using biofuels, demand for UCO could double over the next years.<br>
 <br>"Rising the demand beyond [sustainable supply](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) levels would increase these concerns, and risks of using 'fake' UCO, potentially leading to indirect effects such as [deforestation](https://forest500.org/rankings/companies/mission-newenergy-limited)."<br>
 <br>Follow Matt on Twitter @mattmcgrathbbc, external.<br>
 <br>Related topics<br>
 <br>COP26<br>
 <br>Paris climate arrangement<br>
 <br>Climate<br>