From 133d436a789a6235c11d36eb58eb7dab72370033 Mon Sep 17 00:00:00 2001 From: Hugh Lonergan Date: Sat, 18 Jan 2025 16:36:02 +0800 Subject: [PATCH] Add Climate Change: Growing Doubts Over Chip Fat Biofuel --- ...3A-Growing-Doubts-Over-Chip-Fat-Biofuel.md | 43 +++++++++++++++++++ 1 file changed, 43 insertions(+) create mode 100644 Climate-Change%3A-Growing-Doubts-Over-Chip-Fat-Biofuel.md diff --git a/Climate-Change%3A-Growing-Doubts-Over-Chip-Fat-Biofuel.md b/Climate-Change%3A-Growing-Doubts-Over-Chip-Fat-Biofuel.md new file mode 100644 index 0000000..b75d7f9 --- /dev/null +++ b/Climate-Change%3A-Growing-Doubts-Over-Chip-Fat-Biofuel.md @@ -0,0 +1,43 @@ +
Climate change: [Growing doubts](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) over chip fat [biofuel](https://www.zoominfo.com/c/mission-newenergy/346542889)
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21 April 2021
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comments
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354 Comments
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New research [study questions](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) the environmental impact of increasing imports of utilized cooking oil (UCO) into the UK and Europe.
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[Chip fat](https://forest500.org/rankings/companies/mission-newenergy-limited) and other oils are considered waste, so when they are [utilized](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) to make biodiesel it conserves carbon [emissions](https://stocktwits.com/symbol/MNEL) by [displacing fossil](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) oil.
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But such is the demand across Europe that imports now represent majority of the UCO that's made into fuel.
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According to the study, external, there's no chance to prove these imports are sustainable.
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With no screening of what's can be found in, experts believe it is also ripe for fraud.
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Used cooking oil imports may increase logging
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Consumers present 'growing hazard' to tropical forests
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[Reducing emissions](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) from transportation is showing to be among the hardest challenges for governments all over the world.
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They have actually motivated the usage of biofuels as an essential ways of curbing carbon from [vehicles](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) and lorries.
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Biofuels are usually a mix of fossil fuel and oil made from plants or veggies.
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The fact that these crops can be re-grown and absorb more CO2 means they cancel out the carbon produced when used in [engines](https://www.investing.com/equities/mission-newenergy-ltd-company-profile).
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Soy and palm oil were once extensively used as components of biodiesel however this practice has actually been widely challenged due to the fact that it motivates deforestation.
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So for the last decade approximately, making use of utilized cooking oil has broadened enormously as an alternative feedstock for fuel.
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Chip fat and other waste oils have become a crucial element of [biodiesel](https://www.zoominfo.com/c/mission-newenergy/346542889) with a reliable industry springing up throughout Europe to gather and [process](https://pitchbook.com/profiles/company/51278-86) the item.
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But with the amount of biodiesel made from [UCO increasing](https://forest500.org/rankings/companies/mission-newenergy-limited) by around 40% every year considering that 2014, there simply isn't [adequate chip](https://www.businessnews.com.au/Company/Mission-NewEnergy) fat to walk around.
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According to a report from the project group Transport & Environment, external, over half of the UCO utilized in Europe is imported.
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Their research study recommends this is extremely problematic when it comes to effect on the environment.
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While UCO is thought about a waste material in the UK, in China, Indonesia and Malaysia it has actually long been utilized to feed animals. The report raises the concern of what individuals in these countries are changing the UCO with, when it is exported.
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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 circulation of UCO is likely to be similar.
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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.
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By contrast, Thailand, which has a population of 70 million individuals, [managed](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) to [collect](https://www.bloomberg.com/profile/company/MNELF:US) around 5 million litres of UCO in 2019.
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"Because we are purchasing it, they have less used cooking oil to utilize on the important things that they were formerly using it for," [stated Greg](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) Archer with [Transport](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) & Environment.
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"And they're simply purchasing more virgin oil and that virgin oil is largely palm oil, because that's the least expensive oil offered.
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"So indirectly, we're more logging in Southeast Asia."
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Another significant issue with UCO is the suspicion of fraud.
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Because of demand from Europe, the rate of UCO is typically greater than palm oil. The worry is that some dishonest traders are just watering down deliveries of UCO with palm.
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As oils of different types are mixed in bulk for transport, and no screening of the materials is performed, some experts believe scams is swarming.
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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 schemes in place.
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"It is commonly known that the European Commission has taken relevant steps to completely suppress unsound market practices in [biofuel](https://stocktwits.com/symbol/MNEL) markets," stated Angel Alberdi, EWABA's secretary general.
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He states a brand-new database being developed by the EU will make sure that trading, accreditation and sustainability data on all bio-liquids will have to be signed up.
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"The mix of revised accreditation schemes and the pan-EU track and trace database will ensure that no sustainability concerns occur in the whole biofuels and [bio-liquids supply](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) chain," he informed BBC News.
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Others in the field are concerned that the database concept, which was first mooted in 2018, might not be effective in stemming thought fraud.
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The report from Transport & Environment points out that with shipping and aviation aiming to decarbonise by using biofuels, need for UCO might double over the next decade.
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"Rising the demand beyond [sustainable supply](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) levels would increase these concerns, and dangers of utilizing 'phony' UCO, potentially causing indirect impacts such as logging."
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Follow Matt on Twitter @mattmcgrathbbc, external.
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Related subjects
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COP26
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Paris environment contract
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Climate
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