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 <br>Climate change: Growing doubts over chip fat [biofuel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608)<br>
 <br>21 April 2021<br>
 <br>remarks<br>
 <br>354 Comments<br>
 <br>New research study concerns the environmental effect of [rising imports](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) of used [cooking](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) oil (UCO) into the UK and Europe.<br>
 <br>[Chip fat](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) and other oils are thought about waste, so when they are utilized to make [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) it saves carbon emissions by displacing fossil oil.<br>
 <br>But such is the demand across Europe that imports now represent over half 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>With no screening of what's coming in, specialists think it is also ripe for scams.<br>
 <br>Used cooking oil imports may improve deforestation<br>
 <br>[Consumers position](https://pitchbook.com/profiles/company/51278-86) 'growing danger' to tropical forests<br>
 <br>Reducing emissions from transport is proving to be one of the most difficult challenges for governments all over the world.<br>
 <br>They have actually encouraged making use of biofuels as a crucial methods of suppressing carbon from cars and trucks and trucks.<br>
 <br>Biofuels are usually a mix of nonrenewable fuel source and oil made from plants or vegetables.<br>
 <br>The fact that these crops can be re-grown and absorb more CO2 implies they cancel out the carbon released when utilized in engines.<br>
 <br>Soy and palm oil were when extensively used as [elements](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) of [biodiesel](https://www.pinterest.com.au/missionnewenergy/) however this practice has been extensively rejected due to the fact that it encourages logging.<br>
 <br>So for the last years or so, the usage of used cooking oil has actually expanded massively as an  for fuel.<br>
 <br>Chip fat and other waste oils have actually become a crucial component 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 [springing](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) up across Europe to collect and process the [product](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd).<br>
 <br>But with the amount of [biodiesel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) made from UCO increasing by around 40% every year since 2014, there simply isn't [adequate chip](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) fat to walk around.<br>
 <br>According to a report from the campaign group Transport & Environment, external, more than half of the UCO utilized in Europe is imported.<br>
 <br>Their research [study recommends](https://www.bloomberg.com/profile/company/MNELF:US) this is highly bothersome when it concerns effects on the environment.<br>
 <br>While UCO is thought about a waste material in the UK, in China, [Indonesia](https://pitchbook.com/profiles/company/51278-86) and Malaysia it has actually long been used to [feed animals](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/). The report raises the question of what people 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 offered however the flow of UCO is most likely to be comparable.<br>
 <br>With a [population](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) of around 33 million, that's close to three litres per head of used oil that's gathered and exported to the UK and Ireland alone.<br>
 <br>By contrast, Thailand, which has a population of 70 million individuals, managed to collect around 5 million litres of UCO in 2019.<br>
 <br>"Because we are buying it, they have less used cooking oil to use on the things that they were formerly utilizing it for," [stated Greg](https://www.pinterest.com.au/missionnewenergy/) Archer with [Transport](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) & Environment.<br>
 <br>"And they're just buying more virgin oil and that virgin oil is largely palm oil, because that's the most inexpensive oil offered.<br>
 <br>"So indirectly, we're just encouraging more deforestation in Southeast Asia."<br>
 <br>Another major issue with UCO is the suspicion of scams.<br>
 <br>Because of need from Europe, the rate of UCO is typically higher than palm oil. The concern is that some deceitful traders are simply watering down deliveries of UCO with palm.<br>
 <br>As oils of different types are mixed in bulk for transport, and no screening of the products is performed, some experts think fraud is rife.<br>
 <br>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 accreditation schemes in location.<br>
 <br>"It is commonly understood that the European Commission has actually taken relevant steps to totally suppress unsound market practices in [biofuel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) 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, certification and sustainability information on all bio-liquids will have to be registered.<br>
 <br>"The combination of modified accreditation plans and the pan-EU track and trace [database](https://www.crunchbase.com/organization/mission-newenergy) will make sure that no sustainability problems arise in the entire biofuels and bio-liquids supply chain," he told BBC News.<br>
 <br>Others in the field are concerned that the database concept, which was first mooted in 2018, may not work in stemming presumed fraud.<br>
 <br>The report from Transport & Environment explains that with shipping and aviation looking to decarbonise by utilizing biofuels, need for UCO could double over the next years.<br>
 <br>"Rising the need beyond sustainable supply levels would increase these concerns, and dangers of using 'phony' UCO, possibly resulting in indirect effects such as logging."<br>
 <br>Follow Matt on Twitter @mattmcgrathbbc, external.<br>
 <br>Related subjects<br>
 <br>COP26<br>
 <br>Paris environment arrangement<br>
 <br>Climate<br>