Add 'Climate Change: Growing Doubts Over Chip Fat Biofuel'

3 months ago · baee73f543
1 changed files with 43 additions and 0 deletions
--- a/Climate-Change%3A-Growing-Doubts-Over-Chip-Fat-Biofuel.md
+++ b/Climate-Change%3A-Growing-Doubts-Over-Chip-Fat-Biofuel.md
@ -0,0 +1,43 @@
 <br>Climate change: Growing doubts over chip fat [biofuel](https://www.businessnews.com.au/Company/Mission-NewEnergy)<br>
 <br>21 April 2021<br>
 <br>remarks<br>
 <br>354 Comments<br>
 <br>New research concerns the ecological impact of increasing [imports](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) of [utilized cooking](https://pitchbook.com/profiles/company/51278-86) oil (UCO) into the UK and Europe.<br>
 <br>Chip fat and other oils are considered waste, so when they are used to make [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) it conserves carbon emissions by displacing fossil oil.<br>
 <br>But such is the demand throughout Europe that imports now represent over half of the UCO that's made into fuel.<br>
 <br>According to the research study, external, there's no chance to show these imports are sustainable.<br>
 <br>With no screening of what's being available in, specialists think it is also ripe for scams.<br>
 <br>Used [cooking oil](https://www.businessnews.com.au/Company/Mission-NewEnergy) [imports](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) might enhance deforestation<br>
 <br>Consumers pose 'growing risk' to tropical forests<br>
 <br>[Reducing emissions](https://pitchbook.com/profiles/company/51278-86) from transport is proving to be one of the toughest difficulties for federal [governments](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) all over the world.<br>
 <br>They've motivated the use of biofuels as an essential means of suppressing carbon from cars and lorries.<br>
 <br>Biofuels are usually a blend of nonrenewable fuel source and oil made from plants or vegetables.<br>
 <br>The reality that these crops can be re-grown and soak up more CO2 indicates they counteract the carbon produced when used in engines.<br>
 <br>Soy and palm oil were when widely used as elements of [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) however this practice has actually been extensively discredited due to the fact that it [encourages logging](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm).<br>
 <br>So for the last decade or two, the usage of utilized cooking oil has broadened enormously as an alternative feedstock for fuel.<br>
 <br>Chip fat and other waste oils have actually become a key part of [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) with an efficient market emerging across Europe to gather and process the item.<br>
 <br>But with the amount of [biodiesel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) made from UCO increasing by around 40% every year considering that 2014, there just isn't adequate chip fat to go around.<br>
 <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>
 <br>Their study recommends this is highly troublesome when it comes to [impacts](https://www.bloomberg.com/profile/company/MNELF:US) on the environment.<br>
 <br>While UCO is considered a waste material in the UK, in China, Indonesia and Malaysia it has long been used to [feed animals](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048). The report raises the concern of what individuals in these countries are [replacing](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) 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 however the flow of UCO is most likely to be similar.<br>
 <br>With a population of around 33 million, that's close to 3 litres per head of used oil that's collected and exported to the UK and Ireland alone.<br>
 <br>By comparison, Thailand, which has a population of 70 million people, handled to gather around five million litres of UCO in 2019.<br>
 <br>"Because we are purchasing it, they have actually less used 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 simply buying more virgin oil which virgin oil is largely palm oil, since that's the most affordable oil available.<br>
 <br>"So indirectly, we're simply motivating more deforestation in Southeast Asia."<br>
 <br>Another significant problem with UCO is the suspicion of fraud.<br>
 <br>Because of need from Europe, the cost of UCO is often higher than palm oil. The worry is that some deceitful traders are simply watering down shipments of UCO with palm.<br>
 <br>As oils of various types are mixed in bulk for transportation, and no testing of the products is performed, some professionals believe scams is swarming.<br>
 <br>The idea of scams anywhere along the chain of supply is rejected by the European Waste-to-Advanced Biofuels Association (EWABA), who say there are robust accreditation plans in place.<br>
 <br>"It is commonly understood that the European Commission has taken relevant [actions](https://www.bloomberg.com/profile/company/MNELF:US) to totally  market practices in [biofuel](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) markets," said Angel Alberdi, EWABA's secretary general.<br>
 <br>He states a new database being developed by the EU will make sure that trading, accreditation and sustainability information on all bio-liquids will need to be registered.<br>
 <br>"The [combination](https://www.zoominfo.com/c/mission-newenergy/346542889) of revised accreditation plans and the pan-EU track and trace database will guarantee that no sustainability concerns develop in the entire biofuels and [bio-liquids supply](https://www.zoominfo.com/c/mission-newenergy/346542889) chain," he informed BBC News.<br>
 <br>Others in the field are concerned that the database idea, which was first mooted in 2018, might not work in stemming thought scams.<br>
 <br>The report from Transport & Environment points out that with shipping and air travel seeking to decarbonise by using biofuels, need for UCO could double over the next decade.<br>
 <br>"Rising the demand beyond sustainable supply levels would [increase](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) these concerns, and risks of utilizing 'phony' UCO, possibly resulting in indirect effects such as logging."<br>
 <br>Follow Matt on Twitter @mattmcgrathbbc, external.<br>
 <br>Related subjects<br>
 <br>COP26<br>
 <br>Paris environment contract<br>
 <br>Climate<br>