Add Climate Change: Growing Doubts Over Chip Fat Biofuel

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 <br>Climate change: Growing doubts over chip fat [biofuel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/)<br>
 <br>21 April 2021<br>
 <br>remarks<br>
 <br>354 Comments<br>
 <br>New research [concerns](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) the ecological impact of rising imports of utilized cooking oil (UCO) into the UK and Europe.<br>
 <br>Chip fat and other oils are considered waste, so when they are utilized to make [biodiesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) it [saves carbon](https://www.crunchbase.com/organization/mission-newenergy) emissions by displacing fossil oil.<br>
 <br>But such is the need throughout Europe that imports now account for more than 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 being available in, specialists believe it is also ripe for scams.<br>
 <br>Used cooking oil imports might boost deforestation<br>
 <br>Consumers pose 'growing threat' to tropical forests<br>
 <br>Reducing emissions from transport is showing to be one of the toughest challenges for governments all over the world.<br>
 <br>They've [encouraged](https://www.zoominfo.com/c/mission-newenergy/346542889) making use of biofuels as an important ways of curbing carbon from vehicles and trucks.<br>
 <br>Biofuels are usually a blend of fossil fuel and oil made from plants or vegetables.<br>
 <br>The truth that these crops can be re-grown and soak up more CO2 implies they counteract the [carbon discharged](https://forest500.org/rankings/companies/mission-newenergy-limited) when used in engines.<br>
 <br>Soy and palm oil were as soon as extensively utilized as parts of [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) however this practice has actually been  because it encourages logging.<br>
 <br>So for the last years approximately, making use of utilized cooking oil has actually broadened enormously as an alternative feedstock for fuel.<br>
 <br>Chip fat and other waste oils have become a crucial component of [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) with a reliable industry springing up across Europe to gather and process the item.<br>
 <br>But with the amount of [biodiesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) made from [UCO increasing](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) by around 40% every year given that 2014, there just isn't [adequate](https://pitchbook.com/profiles/company/51278-86) chip fat to go around.<br>
 <br>According to a report from the project group [Transport](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) & Environment, external, [majority](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) of the UCO used in Europe is imported.<br>
 <br>Their research study suggests this is highly problematic when it comes to effects on the environment.<br>
 <br>While UCO is considered a waste material in the UK, in China, [Indonesia](https://www.crunchbase.com/organization/mission-newenergy) and Malaysia it has long been utilized to feed animals. The report raises the [question](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) of what individuals in these nations are [changing](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) the UCO with, when it is exported.<br>
 <br>In 2019, [Malaysia exported](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) 90 million litres of UCO to the UK and Ireland. Figures for their exports to other European countries aren't available however the circulation of UCO is most 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 [gathered](https://www.pinterest.com.au/missionnewenergy/) and exported to the UK and Ireland alone.<br>
 <br>By contrast, Thailand, which has a population of 70 million individuals, [managed](https://pitchbook.com/profiles/company/51278-86) to gather around five million litres of UCO in 2019.<br>
 <br>"Because we are buying it, they have less utilized 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 just buying more virgin oil and that virgin oil is mostly palm oil, since that's the cheapest oil available.<br>
 <br>"So indirectly, we're just [encouraging](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) more deforestation in Southeast Asia."<br>
 <br>Another significant issue with UCO is the suspicion of fraud.<br>
 <br>Because of demand from Europe, the cost of UCO is often greater than palm oil. The concern is that some unscrupulous traders are merely diluting shipments of UCO with palm.<br>
 <br>As oils of various types are blended in bulk for transport, and no screening of the products is performed, some experts think fraud is swarming.<br>
 <br>The tip of scams anywhere along the chain of supply is turned down by the European Waste-to-Advanced Biofuels Association (EWABA), who say there are robust accreditation plans in place.<br>
 <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>
 <br>He says a brand-new database being established by the EU will guarantee that trading, accreditation and sustainability data on all bio-liquids will have to be registered.<br>
 <br>"The combination of revised accreditation schemes and the pan-EU track and trace database will make sure that no sustainability issues develop in the entire biofuels and bio-liquids supply chain," he told BBC News.<br>
 <br>Others in the field are concerned that the database idea, which was very first mooted in 2018, might not be efficient in stemming suspected scams.<br>
 <br>The report from Transport & Environment points out that with shipping and air travel looking to decarbonise by using biofuels, demand for UCO could double over the next decade.<br>
 <br>"Rising the need beyond sustainable supply levels would increase these issues, and threats of utilizing 'fake' UCO, possibly causing indirect impacts such as logging."<br>
 <br>Follow Matt on Twitter @mattmcgrathbbc, external.<br>
 <br>Related topics<br>
 <br>COP26<br>
 <br>Paris environment arrangement<br>
 <br>Climate<br>