Add 'Climate Change: Growing Doubts Over Chip Fat Biofuel'
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<br>[Climate](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) change: Growing doubts over chip fat [biofuel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price)<br>
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<br>21 April 2021<br>
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<br>comments<br>
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<br>354 Comments<br>
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<br>New research concerns the ecological effect of increasing 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.zoominfo.com/c/mission-newenergy/346542889) it conserves carbon [emissions](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) by displacing fossil oil.<br>
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<br>But such is the demand across Europe that imports now represent more than 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 show these imports are sustainable.<br>
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<br>With no screening of what's coming in, [specialists](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) think it is likewise ripe for fraud.<br>
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<br>Used cooking oil imports might boost logging<br>
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<br>Consumers present 'growing threat' to tropical forests<br>
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<br>Reducing emissions from transport is proving to be among the toughest obstacles for federal governments all over the world.<br>
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<br>They've motivated the use of biofuels as a crucial ways of [curbing carbon](https://www.pinterest.com.au/missionnewenergy/) from cars and trucks and trucks.<br>
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<br>[Biofuels](https://www.crunchbase.com/organization/mission-newenergy) are generally a mix of [nonrenewable fuel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) 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 means they cancel out the carbon discharged when [utilized](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) in engines.<br>
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<br>Soy and palm oil were when commonly utilized as components of [biodiesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) however this has actually been extensively discredited since it encourages deforestation.<br>
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<br>So for the last years or so, making use of used cooking oil has expanded enormously as an alternative feedstock for fuel.<br>
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<br>[Chip fat](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) and other waste oils have ended up being an essential component of [biodiesel](https://www.businessnews.com.au/Company/Mission-NewEnergy) with an efficient [industry emerging](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) throughout Europe to collect and process the item.<br>
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<br>But with the amount of [biodiesel](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) 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 [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) & Environment, external, over half of the UCO utilized in Europe is imported.<br>
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<br>Their study suggests this is extremely bothersome when it pertains to influence on the [environment](https://forest500.org/rankings/companies/mission-newenergy-limited).<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](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) to feed animals. The report raises the question of what individuals in these countries are changing the UCO with, when it is exported.<br>
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<br>In 2019, Malaysia exported 90 million litres of UCO to the UK and Ireland. Figures for their exports to other European countries aren't readily available however the flow of UCO is most 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 to the UK and Ireland alone.<br>
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<br>By comparison, Thailand, which has a population of 70 million individuals, handled to gather around five million litres of UCO in 2019.<br>
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<br>"Because we are purchasing it, they have less used cooking oil to use on the important things that they were previously using it for," said [Greg Archer](https://www.businessnews.com.au/Company/Mission-NewEnergy) with Transport & Environment.<br>
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<br>"And they're just buying more virgin oil and that virgin oil is largely palm oil, because that's the most inexpensive oil offered.<br>
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<br>"So indirectly, we're [simply motivating](https://www.google.com/search?kgmid=/m/0cqd_rb) more deforestation in Southeast Asia."<br>
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<br>Another major problem with UCO is the suspicion of scams.<br>
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<br>Because of need from Europe, the cost of UCO is often higher than palm oil. The concern is that some unscrupulous traders are merely watering down deliveries of UCO with palm.<br>
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<br>As oils of different types are mixed in bulk for transportation, and no testing of the products is carried out, some experts think fraud 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 schemes in place.<br>
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<br>"It is extensively known that the European Commission has actually taken relevant steps to entirely curb unsound market practices in [biofuel](https://www.pinterest.com.au/missionnewenergy/) markets," said Angel Alberdi, EWABA's secretary general.<br>
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<br>He says a brand-new database being developed by the EU will make sure that trading, certification and sustainability data on all bio-liquids will have to be registered.<br>
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<br>"The combination of modified accreditation plans and the pan-EU track and trace database will ensure that no sustainability problems emerge in the entire biofuels and bio-liquids supply chain," he told BBC News.<br>
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<br>Others in the field are concerned that the database concept, which was very first mooted in 2018, might not be reliable in stemming suspected fraud.<br>
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<br>The report from Transport & Environment points out that with shipping and air travel wanting to decarbonise by utilizing biofuels, need for UCO could 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 utilizing 'phony' UCO, possibly leading to indirect effects such as [logging](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html)."<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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