From a075abab63fc99c59391360fd1d6654ae5ff2cd2 Mon Sep 17 00:00:00 2001 From: wilburnbyars23 Date: Sat, 11 Jan 2025 22:02:19 +0800 Subject: [PATCH] Add 'Climate Change: Growing Doubts Over Chip Fat Biofuel' --- ...3A-Growing-Doubts-Over-Chip-Fat-Biofuel.md | 43 +++++++++++++++++++ 1 file changed, 43 insertions(+) create mode 100644 Climate-Change%3A-Growing-Doubts-Over-Chip-Fat-Biofuel.md 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..cc00cf6 --- /dev/null +++ b/Climate-Change%3A-Growing-Doubts-Over-Chip-Fat-Biofuel.md @@ -0,0 +1,43 @@ +
Climate modification: Growing doubts over chip fat [biofuel](https://stocktwits.com/symbol/MNEL)
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21 April 2021
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comments
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354 Comments
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New research study concerns the environmental effect of rising imports of utilized cooking oil (UCO) into the UK and Europe.
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Chip fat and other oils are thought about waste, so when they are used to make biodiesel it saves carbon emissions by displacing fossil oil.
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But such is the need throughout Europe that [imports](https://www.bloomberg.com/profile/company/MNELF:US) now over half of the UCO that's made into fuel.
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According to the research study, external, there's no chance to show these imports are [sustainable](https://www.investing.com/equities/mission-newenergy-ltd-company-profile).
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Without any testing of what's coming in, professionals think it is also ripe for scams.
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Used cooking oil imports might boost logging
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Consumers pose 'growing risk' to [tropical](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) forests
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Reducing emissions from transportation is proving to be among the most difficult challenges for governments all over the world.
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They have actually [motivated](https://www.businessnews.com.au/Company/Mission-NewEnergy) making use of biofuels as an important means of curbing carbon from cars and trucks.
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Biofuels are usually a mix of nonrenewable fuel source and oil made from plants or vegetables.
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The reality that these crops can be re-grown and absorb more CO2 indicates they cancel out the carbon given off when used in engines.
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Soy and palm oil were when extensively utilized as elements of biodiesel however this practice has actually been commonly discredited due to the fact that it encourages logging.
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So for the last decade or so, the use of used cooking oil has [expanded enormously](https://www.google.com/search?kgmid=/m/0cqd_rb) as an alternative feedstock for fuel.
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[Chip fat](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) and other waste oils have actually ended up being a crucial component of [biodiesel](https://www.google.com/search?kgmid=/m/0cqd_rb) with an effective market emerging across Europe to gather and process the product.
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But with the [quantity](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) of [biodiesel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) made from UCO increasing by around 40% every year because 2014, there simply isn't [adequate chip](https://forest500.org/rankings/companies/mission-newenergy-limited) fat to go around.
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According to a report from the project group Transport & Environment, external, majority of the UCO used in Europe is imported.
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Their research study suggests this is highly bothersome when it pertains to impacts on the [environment](https://pitchbook.com/profiles/company/51278-86).
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While UCO is considered a [waste product](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) in the UK, in China, [Indonesia](https://www.businessnews.com.au/Company/Mission-NewEnergy) and Malaysia it has long been used to feed animals. The report raises the question of what individuals in these countries are changing the UCO with, when it is exported.
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In 2019, Malaysia exported 90 million litres of UCO to the UK and [Ireland](https://www.zoominfo.com/c/mission-newenergy/346542889). [Figures](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) for their exports to other European nations aren't readily available however the flow of UCO is most likely to be similar.
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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.
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By contrast, Thailand, which has a [population](https://stocktwits.com/symbol/MNEL) of 70 million people, [managed](https://www.businessnews.com.au/Company/Mission-NewEnergy) to [collect](https://www.zoominfo.com/c/mission-newenergy/346542889) around 5 million litres of UCO in 2019.
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"Because we are purchasing it, they have less utilized cooking oil to utilize on the important things that they were previously utilizing it for," said Greg Archer with Transport & Environment.
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"And they're just buying more virgin oil and that virgin oil is largely palm oil, since that's the most inexpensive oil available.
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"So indirectly, we're [simply motivating](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) more deforestation in Southeast Asia."
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Another major issue with UCO is the suspicion of scams.
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Because of need from Europe, the cost of UCO is frequently greater than palm oil. The worry is that some unscrupulous traders are just diluting shipments of UCO with palm.
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As oils of various types are mixed in bulk for transportation, and no testing of the materials is performed, some experts think scams is swarming.
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The recommendation of fraud anywhere along the chain of supply is turned down by the European Waste-to-Advanced Biofuels Association (EWABA), who state there are robust certification plans in place.
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"It is extensively known that the European Commission has taken appropriate steps to completely suppress unsound market practices in [biofuel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) markets," said Angel Alberdi, EWABA's secretary general.
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He says a new database being established by the EU will guarantee that trading, certification and sustainability information on all bio-liquids will need to be registered.
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"The mix of revised certification schemes and the pan-EU track and trace database will make sure that no sustainability issues emerge in the entire biofuels and bio-liquids supply chain," he informed BBC News.
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Others in the field are concerned that the database idea, which was first mooted in 2018, might not work in stemming presumed scams.
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The report from Transport & Environment mentions that with shipping and air travel aiming to decarbonise by using biofuels, need for UCO could double over the next years.
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"Rising the need beyond sustainable supply levels would increase these concerns, and threats of using 'fake' UCO, possibly causing indirect effects such as logging."
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Follow Matt on Twitter @mattmcgrathbbc, external.
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Related topics
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COP26
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Paris environment contract
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Climate
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