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<br>Climate change: Growing doubts over chip fat [biofuel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/)<br> |
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<br>Climate modification: Growing doubts over chip fat [biofuel](https://www.google.com/search?kgmid=/m/0cqd_rb)<br> |
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<br>21 April 2021<br> |
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<br>remarks<br> |
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<br>comments<br> |
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<br>354 Comments<br> |
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<br>New research concerns the environmental effect of increasing imports of utilized cooking oil (UCO) into the UK and Europe.<br> |
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<br>Chip fat and other oils are considered waste, so when they are utilized to make [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) it saves carbon emissions by displacing fossil oil.<br> |
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<br>But such is the need across Europe that [imports](https://www.google.com/search?kgmid=/m/0cqd_rb) now represent more than half of the UCO that's made into fuel.<br> |
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<br>According to the study, external, there's no other way to prove these imports are sustainable.<br> |
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<br>With no screening of what's coming in, professionals believe it is likewise ripe for scams.<br> |
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<br>Used [cooking oil](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) imports might increase logging<br> |
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<br>Consumers present 'growing danger' to [tropical](https://stocktwits.com/symbol/MNEL) forests<br> |
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<br>Reducing emissions from transportation is proving to be among the most difficult challenges for governments all over the world.<br> |
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<br>They have actually motivated using biofuels as an [essential](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) means of curbing carbon from vehicles and trucks.<br> |
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<br>Biofuels are generally a blend of [fossil fuel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) and oil made from plants or veggies.<br> |
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<br>The truth that these crops can be re-grown and take in more CO2 indicates they counteract the carbon released when utilized in [engines](https://pitchbook.com/profiles/company/51278-86).<br> |
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<br>Soy and palm oil were once widely utilized as elements of [biodiesel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) but this practice has actually been widely discredited due to the fact that it encourages deforestation.<br> |
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<br>So for the last years or so, using [utilized cooking](https://www.zoominfo.com/c/mission-newenergy/346542889) oil has [broadened massively](https://www.businessnews.com.au/Company/Mission-NewEnergy) as an [alternative feedstock](https://www.zoominfo.com/c/mission-newenergy/346542889) for fuel.<br> |
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<br>Chip fat and other waste oils have actually become a key part of [biodiesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) with a reliable market [emerging](https://www.businessnews.com.au/Company/Mission-NewEnergy) throughout Europe to collect and process the item.<br> |
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<br>But with the quantity of [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) made from by around 40% every year considering that 2014, there simply isn't enough chip fat to walk around.<br> |
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<br>According to a report from the campaign group Transport & Environment, external, over half of the [UCO utilized](https://www.google.com/search?kgmid=/m/0cqd_rb) in Europe is imported.<br> |
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<br>Their study recommends this is highly bothersome when it [pertains](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) to influence on the environment.<br> |
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<br>While UCO is considered a waste product in the UK, in China, Indonesia and Malaysia it has actually long been used to feed animals. The report raises the concern of what individuals in these countries are changing the UCO with, when it is exported.<br> |
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<br>In 2019, Malaysia exported 90 million litres of UCO to the UK and Ireland. Figures for their exports to other European nations aren't readily available however the [circulation](https://pitchbook.com/profiles/company/51278-86) of UCO is likely to be comparable.<br> |
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<br>With a [population](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) 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> |
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<br>By contrast, Thailand, which has a population of 70 million individuals, managed to collect around 5 million litres of UCO in 2019.<br> |
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<br>"Because we are purchasing it, they have actually less used cooking oil to use on the things that they were previously utilizing it for," said Greg Archer with Transport & Environment.<br> |
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<br>"And they're simply buying more virgin oil which virgin oil is mainly palm oil, since that's the least expensive oil available.<br> |
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<br>"So indirectly, we're simply motivating more [logging](https://www.businessnews.com.au/Company/Mission-NewEnergy) in Southeast Asia."<br> |
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<br>Another significant issue with UCO is the suspicion of scams.<br> |
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<br>Because of need from Europe, the cost of UCO is frequently higher than palm oil. The concern is that some unscrupulous traders are just diluting deliveries of UCO with palm.<br> |
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<br>As oils of various types are blended in bulk for transportation, and no testing of the materials is brought out, some experts believe scams is swarming.<br> |
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<br>The tip of scams anywhere along the chain of supply is declined by the European Waste-to-Advanced Biofuels Association (EWABA), who say there are robust accreditation plans in place.<br> |
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<br>"It is widely known that the European Commission has actually taken relevant actions to entirely curb unsound market practices in [biofuel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) markets," said Angel Alberdi, EWABA's secretary general.<br> |
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<br>He says a brand-new database being established by the EU will guarantee that trading, certification and sustainability data on all bio-liquids will need to be signed up.<br> |
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<br>"The mix of revised certification schemes and the pan-EU track and trace database will guarantee that no sustainability issues emerge in the entire biofuels and bio-liquids supply chain," he informed BBC News.<br> |
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<br>Others in the field are worried that the database idea, which was very first mooted in 2018, may not be reliable in stemming believed fraud.<br> |
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<br>The report from Transport & Environment explains that with shipping and aviation seeking to decarbonise by utilizing biofuels, demand for UCO could double over the next years.<br> |
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<br>"Rising the need beyond sustainable supply levels would increase these concerns, and threats of using 'fake' UCO, possibly leading to indirect effects such as deforestation."<br> |
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<br>New research concerns the [environmental](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) effect of rising imports of utilized cooking oil (UCO) into the UK and Europe.<br> |
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<br>Chip fat and other oils are considered 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> |
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<br>But such is the demand across Europe that imports now represent majority of the UCO that's made into fuel.<br> |
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<br>According to the research study, external, there's no chance to show these imports are sustainable.<br> |
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<br>With no screening of what's coming in, professionals think it is also ripe for fraud.<br> |
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<br>Used cooking oil imports may enhance deforestation<br> |
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<br>Consumers posture 'growing [danger'](https://www.crunchbase.com/organization/mission-newenergy) to tropical forests<br> |
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<br>Reducing emissions from transport is proving to be among the most difficult challenges for federal governments all over the world.<br> |
||||
<br>They've encouraged using biofuels as an essential means of curbing carbon from cars and trucks and lorries.<br> |
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<br>Biofuels are typically a mix of nonrenewable fuel source and oil made from plants or veggies.<br> |
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<br>The truth that these crops can be re-grown and absorb more CO2 means they cancel out the carbon emitted when utilized in engines.<br> |
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<br>Soy and palm oil were once extensively utilized as components of [biodiesel](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) but this [practice](https://www.businessnews.com.au/Company/Mission-NewEnergy) has been extensively rejected due to the fact that it [motivates](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) [logging](https://www.bloomberg.com/profile/company/MNELF:US).<br> |
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<br>So for the last years or so, the usage of used cooking oil has broadened massively as an alternative feedstock for fuel.<br> |
||||
<br>Chip fat and other waste oils have actually ended up being an essential component of [biodiesel](https://www.zoominfo.com/c/mission-newenergy/346542889) with a reliable market emerging throughout Europe to collect and process the item.<br> |
||||
<br>But with the amount of [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) made from UCO increasing by around 40% every year given that 2014, there just isn't sufficient chip fat to go around.<br> |
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<br>According to a report from the campaign group Transport & Environment, external, majority of the UCO used in Europe is [imported](https://www.google.com/search?kgmid=/m/0cqd_rb).<br> |
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<br>Their research study recommends this is highly problematic when it pertains to influence on the environment.<br> |
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<br>While UCO is considered a waste material in the UK, in China, Indonesia and Malaysia it has actually long been utilized to [feed animals](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). The report raises the [question](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) of what people in these countries are [replacing](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) the UCO with, when it is exported.<br> |
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<br>In 2019, [Malaysia exported](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) 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 most likely to be comparable.<br> |
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<br>With a population of around 33 million, that's close to 3 litres per head of that's collected and exported to the UK and Ireland alone.<br> |
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<br>By comparison, Thailand, which has a population of 70 million individuals, [managed](https://www.crunchbase.com/organization/mission-newenergy) to [collect](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) around 5 million litres of UCO in 2019.<br> |
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<br>"Because we are buying it, they have less utilized cooking oil to utilize on the important things that they were formerly using it for," stated Greg Archer with [Transport](https://pitchbook.com/profiles/company/51278-86) & Environment.<br> |
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<br>"And they're just purchasing more virgin oil and that virgin oil is mostly palm oil, because that's the most affordable oil available.<br> |
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<br>"So indirectly, we're simply motivating more deforestation in Southeast Asia."<br> |
||||
<br>Another significant issue with UCO is the suspicion of fraud.<br> |
||||
<br>Because of demand from Europe, the price of UCO is frequently higher than palm oil. The concern is that some dishonest traders are just diluting deliveries of UCO with palm.<br> |
||||
<br>As oils of various types are blended in bulk for transport, and no screening of the materials is performed, some specialists believe scams is rife.<br> |
||||
<br>The tip 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 plans in place.<br> |
||||
<br>"It is commonly understood that the [European](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) Commission has actually taken pertinent actions to totally curb unsound market practices in [biofuel](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) markets," said Angel Alberdi, EWABA's secretary general.<br> |
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<br>He states a new database being established by the EU will ensure that trading, accreditation and sustainability information on all bio-liquids will need to be signed up.<br> |
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<br>"The combination of modified accreditation schemes and the pan-EU track and trace database will make sure that no sustainability problems occur in the entire biofuels and bio-liquids supply chain," he told BBC News.<br> |
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<br>Others in the field are worried that the database idea, which was very first mooted in 2018, might not work in stemming presumed fraud.<br> |
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<br>The report from Transport & Environment points out that with shipping and air travel seeking to decarbonise by utilizing biofuels, need for UCO could double over the next decade.<br> |
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<br>"Rising the need beyond [sustainable supply](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) levels would increase these concerns, and dangers of utilizing 'phony' UCO, potentially causing indirect impacts such as deforestation."<br> |
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<br>Follow Matt on Twitter @mattmcgrathbbc, external.<br> |
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<br>Related topics<br> |
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<br>Related subjects<br> |
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<br>COP26<br> |
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<br>Paris climate arrangement<br> |
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<br>Paris environment agreement<br> |
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<br>Climate<br> |
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