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<br>Climate change: [Growing doubts](https://forest500.org/rankings/companies/mission-newenergy-limited) over chip fat [biofuel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608)<br>
<br>21 April 2021<br>
<br>comments<br>
<br>354 Comments<br>
<br>New research study concerns the environmental effect of increasing 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 utilized to make [biodiesel](https://www.pinterest.com.au/missionnewenergy/) it saves carbon emissions by displacing fossil oil.<br>
<br>But such is the need 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 prove these imports are sustainable.<br>
<br>Without any screening of what's being available in, professionals believe it is likewise ripe for scams.<br>
<br>Used cooking oil imports may [enhance](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) deforestation<br>
<br>Consumers posture 'growing [hazard'](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) to tropical forests<br>
<br>Reducing emissions from transportation is showing to be among the toughest difficulties for federal governments all over the world.<br>
<br>They have actually encouraged using biofuels as an essential ways of curbing carbon from [vehicles](https://www.zoominfo.com/c/mission-newenergy/346542889) and trucks.<br>
<br>[Biofuels](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) are usually a mix of [nonrenewable fuel](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) source and oil made from plants or vegetables.<br>
<br>The reality that these crops can be re-grown and take in more CO2 suggests they counteract the carbon produced when utilized in [engines](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608).<br>
<br>Soy and palm oil were when widely utilized as components of biodiesel however this practice has been commonly discredited because it encourages logging.<br>
<br>So for the last years or two, making use of [utilized](https://www.zoominfo.com/c/mission-newenergy/346542889) cooking oil has actually broadened enormously as an [alternative feedstock](https://stocktwits.com/symbol/MNEL) for fuel.<br>
<br>Chip fat and other waste oils have become a key part of [biodiesel](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) with an [efficient market](https://www.pinterest.com.au/missionnewenergy/) [springing](https://www.crunchbase.com/organization/mission-newenergy) up across Europe to gather and process the product.<br>
<br>But with the amount of [biodiesel](https://www.crunchbase.com/organization/mission-newenergy) made from UCO increasing by around 40% every year because 2014, there just isn't enough chip fat to walk around.<br>
<br>According to a report from the campaign group Transport & Environment, external, more than half of the UCO used in Europe is imported.<br>
<br>Their research study recommends this is highly bothersome when it concerns effects on the environment.<br>
<br>While UCO is thought about a waste product in the UK, in China, Indonesia and Malaysia it has long been utilized to feed animals. The report raises the [question](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) of what individuals in these countries 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 nations aren't available but the of UCO is 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](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) alone.<br>
<br>By contrast, Thailand, which has a population of 70 million individuals, managed to gather around 5 million litres of UCO in 2019.<br>
<br>"Because we are buying it, they have actually less utilized cooking oil to use on the things that they were formerly using it for," stated Greg Archer with Transport & Environment.<br>
<br>"And they're just purchasing more virgin oil which virgin oil is mostly palm oil, because that's the most affordable oil readily available.<br>
<br>"So indirectly, we're simply encouraging more logging in Southeast Asia."<br>
<br>Another significant issue 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 unscrupulous traders are just diluting deliveries of UCO with palm.<br>
<br>As oils of different types are mixed in bulk for transportation, and no testing of the products is carried out, some professionals believe scams is swarming.<br>
<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>
<br>"It is extensively understood that the [European](https://www.bloomberg.com/profile/company/MNELF:US) Commission has actually taken pertinent steps to entirely curb unsound market [practices](https://forest500.org/rankings/companies/mission-newenergy-limited) in [biofuel](https://stocktwits.com/symbol/MNEL) markets," said Angel Alberdi, EWABA's secretary general.<br>
<br>He says a brand-new database being developed by the EU will guarantee that trading, accreditation and sustainability information on all bio-liquids will need to be signed up.<br>
<br>"The combination of modified accreditation schemes and the pan-EU track and trace database will ensure that no sustainability problems emerge in the whole [biofuels](https://www.businessnews.com.au/Company/Mission-NewEnergy) and bio-liquids supply chain," he told BBC News.<br>
<br>Others in the field are concerned that the database idea, which was first mooted in 2018, may not be efficient in stemming believed scams.<br>
<br>The report from Transport & Environment points out that with shipping and air travel wanting to decarbonise by utilizing biofuels, need for UCO might double over the next decade.<br>
<br>"Rising the need beyond sustainable supply levels would increase these concerns, and dangers of utilizing 'phony' UCO, possibly causing indirect impacts such as logging."<br>
<br>Follow Matt on Twitter @mattmcgrathbbc, external.<br>
<br>Related topics<br>
<br>COP26<br>
<br>Paris environment contract<br>
<br>Climate<br>