diff --git a/Climate-Change%3A-Growing-Doubts-Over-Chip-Fat-Biofuel.md b/Climate-Change%3A-Growing-Doubts-Over-Chip-Fat-Biofuel.md new file mode 100644 index 0000000..cd85c6a --- /dev/null +++ b/Climate-Change%3A-Growing-Doubts-Over-Chip-Fat-Biofuel.md @@ -0,0 +1,43 @@ +
Climate modification: [Growing doubts](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) over chip fat [biofuel](https://www.pinterest.com.au/missionnewenergy/)
+
21 April 2021
+
remarks
+
354 Comments
+
New research concerns the ecological effect of rising imports of used [cooking oil](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) (UCO) into the UK and Europe.
+
Chip fat and other oils are considered waste, so when they are used to make [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) it saves carbon [emissions](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) by displacing fossil oil.
+
But such is the demand throughout Europe that imports now [represent](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) more than half of the UCO that's made into fuel.
+
According to the research study, external, there's no chance to prove these imports are sustainable.
+
Without any screening of what's coming in, experts think it is likewise ripe for scams.
+
Used cooking oil imports may enhance logging
+
Consumers present 'growing threat' to tropical forests
+
Reducing emissions from [transport](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) is showing to be one of the hardest obstacles for governments all over the world.
+
They have actually encouraged the use of biofuels as an important ways of suppressing carbon from cars and lorries.
+
[Biofuels](https://www.crunchbase.com/organization/mission-newenergy) are normally a blend of fossil fuel and oil made from plants or vegetables.
+
The reality that these crops can be re-grown and absorb more CO2 [implies](https://www.businessnews.com.au/Company/Mission-NewEnergy) they cancel out the carbon produced when used in engines.
+
Soy and palm oil were once extensively utilized as components of [biodiesel](https://www.zoominfo.com/c/mission-newenergy/346542889) however this practice has actually been extensively challenged since it motivates logging.
+
So for the last years or so, using utilized cooking oil has actually expanded enormously as an alternative feedstock for fuel.
+
[Chip fat](https://www.crunchbase.com/organization/mission-newenergy) and other waste oils have actually ended up being a crucial 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 a reliable industry springing up across Europe to collect and [process](https://www.pinterest.com.au/missionnewenergy/) the item.
+
But with the quantity of [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) made from UCO increasing by around 40% every year given that 2014, there just isn't sufficient chip fat to walk around.
+
According to a report from the [project](https://www.crunchbase.com/organization/mission-newenergy) group Transport & Environment, external, [majority](https://pitchbook.com/profiles/company/51278-86) of the UCO used in Europe is imported.
+
Their research study recommends this is extremely problematic when it concerns influence on the environment.
+
While UCO is considered a waste product in the UK, in China, Indonesia and Malaysia it has long been used to feed animals. The report raises the concern of what people in these countries are replacing the UCO with, when it is exported.
+
In 2019, 90 million litres of UCO to the UK and [Ireland](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html). Figures for their exports to other European nations aren't offered however the flow of UCO is most likely to be comparable.
+
With a population of around 33 million, that's close to three litres per head of utilized oil that's collected and exported to the UK and Ireland alone.
+
By contrast, Thailand, which has a population of 70 million people, [handled](https://pitchbook.com/profiles/company/51278-86) to collect around five million litres of UCO in 2019.
+
"Because we are purchasing it, they have less utilized cooking oil to utilize on the important things that they were previously utilizing it for," stated Greg Archer with Transport & Environment.
+
"And they're simply buying more virgin oil which virgin oil is mostly palm oil, because that's the cheapest oil offered.
+
"So indirectly, we're simply motivating more deforestation in Southeast Asia."
+
Another major problem with UCO is the suspicion of scams.
+
Because of demand from Europe, the cost of UCO is often higher than palm oil. The worry is that some unscrupulous traders are merely watering down shipments of UCO with palm.
+
As oils of various types are mixed in bulk for transport, and no screening of the materials is performed, some experts think fraud is rife.
+
The idea 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 accreditation plans in place.
+
"It is commonly understood that the European Commission has taken appropriate steps to completely curb unsound market practices in [biofuel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) markets," said Angel Alberdi, EWABA's secretary general.
+
He states a brand-new database being established by the EU will guarantee that trading, accreditation and sustainability data on all bio-liquids will have to be registered.
+
"The combination of revised certification 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](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) chain," he informed BBC News.
+
Others in the field are worried that the database idea, which was first mooted in 2018, may not work in stemming suspected fraud.
+
The report from Transport & Environment points out that with shipping and air travel seeking to decarbonise by using biofuels, demand for UCO might double over the next decade.
+
"Rising the demand beyond sustainable supply levels would increase these concerns, and risks of using 'fake' UCO, potentially causing indirect [impacts](https://forest500.org/rankings/companies/mission-newenergy-limited) such as logging."
+
Follow Matt on Twitter @mattmcgrathbbc, external.
+
Related subjects
+
COP26
+
Paris environment contract
+
Climate
\ No newline at end of file