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<br>Climate change: [Growing doubts](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) over chip fat [biofuel](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/)<br>
<br>21 April 2021<br>
<br>comments<br>
<br>354 Comments<br>
<br>New research concerns the ecological impact 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 used to make [biodiesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) it conserves carbon emissions by displacing fossil oil.<br>
<br>But such is the need throughout Europe that imports now represent more than half of the UCO that's made into fuel.<br>
<br>According to the research study, external, there's no other way to show these imports are sustainable.<br>
<br>Without any screening of what's being available in, experts believe it is also ripe for fraud.<br>
<br>Used cooking oil imports may [improve](https://www.pinterest.com.au/missionnewenergy/) deforestation<br>
<br>Consumers posture 'growing risk' to tropical forests<br>
<br>Reducing emissions from transportation is proving to be among the most difficult obstacles for federal governments all over the world.<br>
<br>They have actually [motivated](https://pitchbook.com/profiles/company/51278-86) using biofuels as a crucial means of curbing carbon from cars and trucks and lorries.<br>
<br>Biofuels are typically a blend of fossil fuel and oil made from plants or vegetables.<br>
<br>The truth that these crops can be [re-grown](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) and absorb more CO2 indicates they cancel out the carbon released when used in [engines](https://pitchbook.com/profiles/company/51278-86).<br>
<br>Soy and palm oil were once commonly utilized as elements of [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) but this practice has actually been extensively challenged due to the fact that it motivates deforestation.<br>
<br>So for the last years or so, using used [cooking](https://www.zoominfo.com/c/mission-newenergy/346542889) oil has [expanded enormously](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) as an alternative feedstock for fuel.<br>
<br>Chip fat and other waste oils have become a crucial part of [biodiesel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) with a reliable industry springing up throughout Europe to collect and process the item.<br>
<br>But with the amount of [biodiesel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) made from [UCO increasing](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) by around 40% every year because 2014, there simply isn't [sufficient chip](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) fat to go around.<br>
<br>According to a report from the campaign group Transport & Environment, external, majority of the UCO utilized in Europe is imported.<br>
<br>Their research study recommends this is highly problematic when it pertains to effect on the environment.<br>
<br>While UCO is thought about a waste material in the UK, in China, [Indonesia](https://www.google.com/search?kgmid=/m/0cqd_rb) and Malaysia it has actually long been utilized to [feed animals](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/). 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 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 comparable.<br>
<br>With a population of around 33 million, that's close to 3 litres per head of used oil that's [collected](https://www.bloomberg.com/profile/company/MNELF:US) and exported to the UK and Ireland alone.<br>
<br>By contrast, Thailand, which has a population of 70 million people, handled to gather around 5 million litres of UCO in 2019.<br>
<br>"Because we are purchasing it, they have less utilized cooking oil to use on the important things that they were formerly utilizing it for," stated Greg Archer with Transport & Environment.<br>
<br>"And they're just purchasing more virgin oil which virgin oil is mainly palm oil, since that's the least expensive oil offered.<br>
<br>"So indirectly, we're just motivating more deforestation in Southeast Asia."<br>
<br>Another significant problem with UCO is the suspicion of scams.<br>
<br>Because of demand from Europe, the cost of UCO is frequently greater than palm oil. The concern is that some dishonest traders are merely diluting shipments of UCO with palm.<br>
<br>As oils of different types are mixed in bulk for transport, and no testing of the materials is carried out, some specialists think fraud is rife.<br>
<br>The tip of scams anywhere along the chain of supply is turned down by the European Waste-to-Advanced Biofuels Association (EWABA), who say there are robust certification plans in place.<br>
<br>"It is [extensively](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) understood that the European Commission has taken pertinent steps to entirely suppress unsound market practices in [biofuel](https://stocktwits.com/symbol/MNEL) markets," said Angel Alberdi, EWABA's secretary general.<br>
<br>He states a new database being developed by the EU will guarantee that trading, certification and sustainability data on all bio-liquids will need to be registered.<br>
<br>"The combination of revised certification schemes and the pan-EU track and trace database will ensure that no develop in the whole biofuels and [bio-liquids supply](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) chain," he told BBC News.<br>
<br>Others in the field are worried that the database concept, which was first mooted in 2018, might not be efficient in stemming thought fraud.<br>
<br>The report from Transport & Environment mentions that with shipping and aviation looking to decarbonise by utilizing biofuels, demand for UCO could double over the next decade.<br>
<br>"Rising the need beyond sustainable supply levels would increase these issues, and threats of utilizing 'phony' UCO, possibly causing indirect impacts such as deforestation."<br>
<br>Follow Matt on Twitter @mattmcgrathbbc, external.<br>
<br>Related subjects<br>
<br>COP26<br>
<br>Paris climate contract<br>
<br>Climate<br>