Add Climate Change: Growing Doubts Over Chip Fat Biofuel

Climate-Change%3A-Growing-Doubts-Over-Chip-Fat-Biofuel.md

@@ -0,0 +1,43 @@
+<br>Climate modification: Growing doubts over chip fat [biofuel](https://stocktwits.com/symbol/MNEL)<br>
+<br>21 April 2021<br>
+<br>comments<br>
+<br>354 Comments<br>
+<br>New research questions the [ecological](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) effect of rising imports of used cooking 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://www.energy-xprt.com/companies/mission-newenergy-limited-36048) it conserves carbon emissions by displacing fossil oil.<br>
+<br>But such is the need throughout Europe that imports now account for [majority](https://www.businessnews.com.au/Company/Mission-NewEnergy) of the UCO that's made into fuel.<br>
+<br>According to the study, external, there's no other way to prove these imports are sustainable.<br>
+<br>With no testing of what's can be found in, [experts](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) believe it is likewise ripe for fraud.<br>
+<br>Used cooking oil imports may enhance deforestation<br>
+<br>Consumers position 'growing hazard' to tropical forests<br>
+<br>Reducing emissions from [transport](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) is showing to be one of the hardest obstacles for federal governments all over the world.<br>
+<br>They've encouraged using biofuels as an important methods of suppressing carbon from automobiles and trucks.<br>
+<br>Biofuels are typically a mix of [fossil fuel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) and oil made from plants or veggies.<br>
+<br>The fact that these crops can be re-grown and absorb more CO2 indicates they cancel out the carbon emitted when utilized in engines.<br>
+<br>Soy and palm oil were when extensively utilized as components of biodiesel however this practice has actually been widely [challenged](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) since it motivates logging.<br>
+<br>So for the last years or so, the use of utilized cooking oil has actually broadened massively as an alternative feedstock for fuel.<br>
+<br>Chip fat and other waste oils have become a crucial element of biodiesel with an effective market [emerging](https://www.pinterest.com.au/missionnewenergy/) across Europe to collect and process the item.<br>
+<br>But with the quantity of biodiesel made from UCO increasing by around 40% every year considering that 2014, there just isn't enough chip fat to walk around.<br>
+<br>According to a report from the project group  & Environment, external, over half of the UCO used in Europe is [imported](https://www.crunchbase.com/organization/mission-newenergy).<br>
+<br>Their [study recommends](https://pitchbook.com/profiles/company/51278-86) this is extremely problematic when it comes to effect 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 used to feed animals. The report raises the concern of what [individuals](https://www.google.com/search?kgmid=/m/0cqd_rb) in these nations are changing the UCO with, when it is exported.<br>
+<br>In 2019, [Malaysia exported](https://pitchbook.com/profiles/company/51278-86) 90 million litres of UCO to the UK and Ireland. Figures for their exports to other [European nations](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) aren't readily available but the circulation of UCO is most likely to be [comparable](https://forest500.org/rankings/companies/mission-newenergy-limited).<br>
+<br>With a population of around 33 million, that's close to three litres per head of used oil that's gathered and exported to the UK and Ireland alone.<br>
+<br>By comparison, Thailand, which has a population of 70 million people, handled to collect 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 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, because that's the most affordable oil available.<br>
+<br>"So indirectly, we're simply encouraging more deforestation in Southeast Asia."<br>
+<br>Another major issue with UCO is the suspicion of fraud.<br>
+<br>Because of demand from Europe, the price of UCO is typically higher than palm oil. The worry is that some unethical traders are just diluting shipments of UCO with palm.<br>
+<br>As oils of different types are mixed in bulk for transportation, and no screening of the materials is brought out, some professionals think fraud is rife.<br>
+<br>The idea of scams anywhere along the chain of supply is rejected by the European Waste-to-Advanced Biofuels Association (EWABA), who state there are robust certification schemes in location.<br>
+<br>"It is widely understood that the European Commission has actually taken [relevant](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) actions to completely suppress unsound [market practices](https://www.zoominfo.com/c/mission-newenergy/346542889) 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 make sure that trading, accreditation and sustainability data on all bio-liquids will have to be registered.<br>
+<br>"The mix of revised accreditation plans and the [pan-EU track](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) and trace database will [guarantee](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) that no sustainability problems arise in the entire biofuels and bio-liquids supply chain," he informed BBC News.<br>
+<br>Others in the field are worried that the database concept, which was first mooted in 2018, may not work in stemming thought fraud.<br>
+<br>The report from Transport & Environment points out that with shipping and aviation looking to decarbonise by utilizing biofuels, need for UCO could double over the next years.<br>
+<br>"Rising the demand beyond sustainable supply levels would increase these issues, and dangers of using 'phony' UCO, possibly causing indirect effects such as deforestation."<br>
+<br>Follow Matt on Twitter @mattmcgrathbbc, external.<br>
+<br>Related subjects<br>
+<br>COP26<br>
+<br>Paris environment contract<br>
+<br>Climate<br>