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Add Climate Change: Growing Doubts Over Chip Fat Biofuel

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<br>Climate modification: [Growing doubts](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) over chip fat biofuel<br>
<br>21 April 2021<br>
<br>comments<br>
<br>354 Comments<br>
<br>New research [study questions](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) the environmental effect 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.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) it saves carbon emissions by displacing fossil oil.<br>
<br>But such is the demand across Europe that imports now represent majority 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 testing of what's being available in, [experts](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) think it is also ripe for fraud.<br>
<br>Used cooking oil [imports](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) might increase deforestation<br>
<br>Consumers pose 'growing threat' to tropical forests<br>
<br>Reducing emissions from transportation is showing to be one of the hardest difficulties for federal governments all over the world.<br>
<br>They have actually encouraged the usage of biofuels as a crucial means of curbing carbon from cars and trucks.<br>
<br>Biofuels are [typically](https://forest500.org/rankings/companies/mission-newenergy-limited) a blend of fossil fuel and oil made from plants or veggies.<br>
<br>The fact that these crops can be re-grown and take in more CO2 [implies](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) they cancel out the carbon discharged when used in engines.<br>
<br>Soy and palm oil were when extensively utilized as parts of [biodiesel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) but this practice has been extensively challenged due to the fact that it [motivates logging](https://www.crunchbase.com/organization/mission-newenergy).<br>
<br>So for the last years or so, using utilized cooking oil has expanded enormously as an alternative feedstock for fuel.<br>
<br>[Chip fat](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) and other waste oils have actually ended up being a key component of [biodiesel](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) with a reliable industry springing up throughout Europe to collect and process the item.<br>
<br>But with the quantity of [biodiesel](https://www.crunchbase.com/organization/mission-newenergy) made from UCO increasing by around 40% every year given that 2014, there just isn't sufficient chip fat to walk around.<br>
<br>According to a report from the project group Transport & Environment, external, majority of the UCO used in Europe is imported.<br>
<br>Their study suggests this is extremely troublesome when it pertains to effects on the environment.<br>
<br>While UCO is thought about a [waste product](https://pitchbook.com/profiles/company/51278-86) in the UK, in China, Indonesia and Malaysia it has long been utilized to feed animals. The report raises the question of what individuals in these nations are replacing the UCO with, when it is exported.<br>
<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 available but the circulation of UCO is likely to be [comparable](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html).<br>
<br>With a population of around 33 million, that's close to 3 litres per head of used oil that's gathered and exported to the UK and Ireland alone.<br>
<br>By contrast, Thailand, which has a population of 70 million individuals, handled to [collect](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) 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 formerly utilizing it for," said Greg Archer with Transport & Environment.<br>
<br>"And they're just purchasing more virgin oil which virgin oil is mainly palm oil, since that's the cheapest oil offered.<br>
<br>"So indirectly, we're [simply motivating](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) more deforestation in Southeast Asia."<br>
<br>Another significant problem with UCO is the suspicion of scams.<br>
<br>Because of need from Europe, the cost of UCO is frequently greater than palm oil. The worry is that some unscrupulous traders are just watering down deliveries of UCO with palm.<br>
<br>As oils of different types are blended in bulk for transportation, and no testing of the materials is performed, some specialists think fraud is rife.<br>
<br>The suggestion of fraud anywhere along the chain of supply is rejected by the European Waste-to-Advanced Biofuels Association (EWABA), who say there are robust accreditation schemes in place.<br>
<br>"It is widely [understood](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) that the [European Commission](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) has actually taken pertinent steps to totally curb unsound market [practices](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) in [biofuel](https://stocktwits.com/symbol/MNEL) markets," stated Angel Alberdi, EWABA's secretary general.<br>
<br>He says a brand-new database being developed by the EU will guarantee that trading, certification and sustainability information on all bio-liquids will have to be signed up.<br>
<br>"The combination of revised accreditation plans and the pan-EU track and trace database will ensure that no sustainability issues 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 first mooted in 2018, may not be effective in stemming believed scams.<br>
<br>The report from Transport & Environment explains that with shipping and air travel aiming to decarbonise by utilizing biofuels, need for UCO could double over the next decade.<br>
<br>"Rising the need beyond sustainable supply levels would [increase](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) these concerns, and risks of using 'phony' UCO, possibly to indirect effects such as deforestation."<br>
<br>Follow Matt on Twitter @mattmcgrathbbc, external.<br>
<br>Related subjects<br>
<br>COP26<br>
<br>Paris climate agreement<br>
<br>Climate<br>