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<br>Climate change: Growing doubts over chip fat [biofuel](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/)<br>
<br>21 April 2021<br>
<br>remarks<br>
<br>354 Comments<br>
<br>New research study concerns the ecological impact of increasing 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 used to make [biodiesel](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) it conserves carbon emissions by [displacing fossil](https://www.zoominfo.com/c/mission-newenergy/346542889) oil.<br>
<br>But such is the demand across Europe that imports now [account](https://forest500.org/rankings/companies/mission-newenergy-limited) for 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, professionals believe it is also ripe for scams.<br>
<br>Used [cooking oil](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) imports might improve deforestation<br>
<br>Consumers present 'growing threat' to tropical forests<br>
<br>Reducing emissions from transportation is proving to be one of the toughest challenges for governments all over the world.<br>
<br>They have actually encouraged making use of biofuels as an important means of [suppressing carbon](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) from automobiles and lorries.<br>
<br>Biofuels are a blend of fossil fuel and oil made from plants or vegetables.<br>
<br>The fact that these crops can be re-grown and absorb more CO2 indicates they counteract the carbon discharged when used in engines.<br>
<br>Soy and [palm oil](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) were as soon as extensively utilized as components of [biodiesel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) but this practice has been widely [discredited](https://www.bloomberg.com/profile/company/MNELF:US) due to the fact that it [motivates logging](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm).<br>
<br>So for the last years approximately, using used cooking oil has broadened enormously as an alternative feedstock for fuel.<br>
<br>Chip fat and other waste oils have ended up being an [essential component](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) of [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) with a reliable market springing up throughout Europe to gather and process the product.<br>
<br>But with the amount 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](https://stocktwits.com/symbol/MNEL) by around 40% every year since 2014, there simply isn't sufficient chip fat to go around.<br>
<br>According to a report from the project group Transport & Environment, external, over half of the UCO used in Europe is imported.<br>
<br>Their research study suggests this is highly bothersome when it concerns effect on the environment.<br>
<br>While UCO is thought about a waste product in the UK, in China, Indonesia and Malaysia it has long been utilized to feed animals. The report raises the concern of what individuals in these countries are replacing the UCO with, when it is exported.<br>
<br>In 2019, [Malaysia exported](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) 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>
<br>With a population of around 33 million, that's close to three litres per head of utilized oil that's [gathered](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) and exported to the UK and Ireland alone.<br>
<br>By comparison, Thailand, which has a population of 70 million individuals, handled to gather around five million litres of UCO in 2019.<br>
<br>"Because we are buying it, they have less utilized cooking oil to use on the important things that they were previously using it for," said Greg Archer with Transport & Environment.<br>
<br>"And they're simply buying more virgin oil and that virgin oil is mostly palm oil, since that's the most affordable oil readily available.<br>
<br>"So indirectly, we're simply encouraging more [logging](https://www.bloomberg.com/profile/company/MNELF:US) in Southeast Asia."<br>
<br>Another significant issue with UCO is the suspicion of fraud.<br>
<br>Because of need from Europe, the cost of UCO is typically higher than palm oil. The worry is that some deceitful traders are just watering down shipments of UCO with palm.<br>
<br>As oils of different types are mixed in bulk for transportation, and no testing of the products is brought out, some experts think scams is rife.<br>
<br>The recommendation of scams anywhere along the chain of supply is declined by the European Waste-to-Advanced Biofuels Association (EWABA), who state there are robust certification plans in place.<br>
<br>"It is commonly understood that the European Commission has taken appropriate actions to entirely [curb unsound](https://forest500.org/rankings/companies/mission-newenergy-limited) market practices in [biofuel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) markets," said Angel Alberdi, EWABA's secretary general.<br>
<br>He states a new database being developed by the EU will guarantee that trading, accreditation and sustainability information on all bio-liquids will have to be registered.<br>
<br>"The mix of modified certification plans and the pan-EU track and trace database will make sure that no sustainability problems develop 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 first mooted in 2018, might not work in stemming believed fraud.<br>
<br>The report from Transport & Environment mentions that with shipping and aviation looking to decarbonise by utilizing biofuels, need for UCO might double over the next years.<br>
<br>"Rising the need beyond sustainable supply levels would [increase](https://www.pinterest.com.au/missionnewenergy/) these issues, and [threats](https://www.crunchbase.com/organization/mission-newenergy) 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 arrangement<br>
<br>Climate<br>