Add Climate Change: Growing Doubts Over Chip Fat Biofuel

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 <br>[Climate](https://www.businessnews.com.au/Company/Mission-NewEnergy) change: 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 study concerns the environmental impact of increasing imports of utilized 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 demand 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 chance to show these imports are sustainable.<br>
 <br>With no testing of what's coming in, specialists think it is likewise ripe for fraud.<br>
 <br>Used cooking oil [imports](https://pitchbook.com/profiles/company/51278-86) might boost deforestation<br>
 <br>Consumers pose 'growing hazard' to tropical forests<br>
 <br>Reducing emissions from transportation is proving to be among the most difficult obstacles for governments all over the world.<br>
 <br>They've encouraged the usage of [biofuels](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) as a crucial methods of curbing carbon from vehicles and trucks.<br>
 <br>Biofuels are usually a blend of nonrenewable fuel source and oil made from plants or vegetables.<br>
 <br>The truth that these crops can be re-grown and soak up more CO2 means they counteract the carbon discharged when utilized in engines.<br>
 <br>Soy and palm oil were as soon as commonly utilized as components of [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) but this practice has been extensively discredited because it [encourages deforestation](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/).<br>
 <br>So for the last decade or so, making use of used cooking oil has actually expanded massively as an alternative feedstock for fuel.<br>
 <br>Chip fat and other waste oils have ended up being an essential element of [biodiesel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) with an effective industry emerging across Europe to collect and  the item.<br>
 <br>But with the quantity of [biodiesel](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) made from [UCO increasing](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) 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 campaign group Transport & Environment, external, majority of the UCO used in Europe is imported.<br>
 <br>Their research study recommends this is extremely bothersome when it comes to effect on the [environment](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html).<br>
 <br>While UCO is thought about a waste product in the UK, in China, Indonesia and Malaysia it has long been [utilized](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) to feed animals. The report raises the [concern](https://www.businessnews.com.au/Company/Mission-NewEnergy) of what people in these countries are [replacing](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) the UCO with, when it is [exported](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/).<br>
 <br>In 2019, [Malaysia exported](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) 90 million litres of UCO to the UK and Ireland. Figures for their exports to other European countries aren't offered however the circulation of UCO is likely to be similar.<br>
 <br>With a population of around 33 million, that's close to three litres per head of used oil that's collected and exported to the UK and Ireland alone.<br>
 <br>By contrast, Thailand, which has a population of 70 million individuals, managed to [collect](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) 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 things that they were formerly utilizing it for," said Greg Archer with Transport & Environment.<br>
 <br>"And they're just buying more virgin oil and that virgin oil is mainly palm oil, because that's the most affordable oil available.<br>
 <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 cost of UCO is typically higher than palm oil. The concern is that some unethical traders are simply diluting shipments of UCO with palm.<br>
 <br>As oils of various types are blended in bulk for transport, and no screening of the materials is brought out, some experts believe scams is swarming.<br>
 <br>The suggestion of fraud anywhere along the chain of supply is rejected by the European Waste-to-Advanced Biofuels Association (EWABA), who say there are robust certification plans in location.<br>
 <br>"It is commonly known that the European Commission has actually taken pertinent steps to entirely suppress unsound market [practices](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) in [biofuel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) markets," stated Angel Alberdi, EWABA's secretary general.<br>
 <br>He says a brand-new database being developed by the EU will ensure that trading, accreditation and sustainability information on all bio-liquids will have to be signed up.<br>
 <br>"The mix of modified certification plans and the [pan-EU track](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) and trace database will guarantee that no sustainability concerns develop in the entire biofuels and [bio-liquids supply](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) 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 suspected fraud.<br>
 <br>The report from Transport & Environment points out that with shipping and aviation wanting to decarbonise by using biofuels, demand for UCO might double over the next years.<br>
 <br>"Rising the need beyond sustainable supply levels would increase these issues, and risks of utilizing 'phony' UCO, potentially leading to 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>