From 69e2b252ef050c124a322d5ebc89130eb416a992 Mon Sep 17 00:00:00 2001 From: Roberto Saulsbury Date: Sat, 11 Jan 2025 13:41:59 +0000 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..2ac0eaf --- /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://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html)
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21 April 2021
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comments
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354 Comments
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New research concerns the ecological effect of rising imports of used [cooking](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) oil (UCO) into the UK and Europe.
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Chip fat and other oils are thought about waste, so when they are utilized to make [biodiesel](https://www.zoominfo.com/c/mission-newenergy/346542889) it saves carbon emissions by [displacing fossil](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) oil.
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But such is the demand across Europe that [imports](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) now represent over half of the UCO that's made into fuel.
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According to the study, external, there's no way to prove these imports are sustainable.
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With no screening of what's being available in, [experts](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) believe it is likewise ripe for scams.
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Used cooking oil imports might [enhance](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) logging
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Consumers pose 'growing risk' to tropical forests
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Reducing emissions from transportation is showing to be among the most difficult difficulties for governments all over the world.
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They have actually motivated the usage of biofuels as a crucial means of suppressing carbon from cars and trucks and lorries.
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Biofuels are typically a mix of fossil fuel and oil made from plants or vegetables.
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The reality that these crops can be re-grown and take in more CO2 indicates they cancel out the carbon emitted when used in engines.
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Soy and palm oil were as soon as extensively used as parts of [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) but this practice has actually been commonly challenged because it motivates logging.
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So for the last decade or two, making use of [utilized cooking](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) oil has broadened enormously as an [alternative](https://pitchbook.com/profiles/company/51278-86) feedstock for fuel.
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Chip fat and other waste oils have become a crucial component of [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) with an effective [market emerging](https://www.businessnews.com.au/Company/Mission-NewEnergy) throughout Europe to collect and process the product.
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But with the quantity of [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) made from UCO increasing by around 40% every year because 2014, there simply isn't [sufficient chip](https://www.zoominfo.com/c/mission-newenergy/346542889) fat to go around.
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According to a report from the [project](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) group Transport & Environment, external, of the UCO utilized in Europe is imported.
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Their research study recommends this is extremely bothersome when it comes to effect on the environment.
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While UCO is thought about a waste material in the UK, in China, Indonesia and Malaysia it has long been utilized to feed animals. The report raises the concern of what [individuals](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) in these [nations](https://www.pinterest.com.au/missionnewenergy/) 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. Figures for their exports to other European nations aren't available however the circulation of UCO is likely to be similar.
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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.
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By contrast, Thailand, which has a population of 70 million individuals, managed to collect around 5 million litres of UCO in 2019.
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"Because we are purchasing it, they have less used cooking oil to utilize on the important things that they were previously utilizing it for," [stated Greg](https://www.pinterest.com.au/missionnewenergy/) Archer with Transport & Environment.
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"And they're just purchasing more virgin oil which virgin oil is mostly palm oil, because that's the most inexpensive oil offered.
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"So indirectly, we're just encouraging more [deforestation](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) in Southeast Asia."
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Another significant problem with UCO is the suspicion of scams.
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Because of need from Europe, the rate of UCO is often greater than palm oil. The concern is that some dishonest traders are just diluting shipments of UCO with palm.
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As oils of different types are blended in bulk for transport, and no screening of the materials is performed, some specialists believe fraud is swarming.
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The tip of scams anywhere along the chain of supply is declined by the European Waste-to-Advanced Biofuels Association (EWABA), who say there are robust accreditation plans in location.
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"It is commonly understood that the [European Commission](https://forest500.org/rankings/companies/mission-newenergy-limited) has taken pertinent actions to completely suppress unsound market practices in [biofuel](https://stocktwits.com/symbol/MNEL) markets," said Angel Alberdi, EWABA's secretary general.
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He says a brand-new database being established by the EU will make sure that trading, accreditation and sustainability information on all bio-liquids will have to be signed up.
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"The combination of modified accreditation schemes and the pan-EU track and trace database will ensure that no sustainability issues develop in the whole biofuels and bio-liquids supply chain," he told BBC News.
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Others in the field are concerned that the database idea, which was very first mooted in 2018, may not work in stemming suspected fraud.
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The report from Transport & Environment points out that with shipping and aviation wanting to decarbonise by utilizing biofuels, demand for UCO might double over the next years.
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"Rising the demand beyond sustainable supply levels would increase these issues, and risks of utilizing 'phony' UCO, possibly leading to indirect impacts such as logging."
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Follow Matt on Twitter @mattmcgrathbbc, external.
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Related subjects
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COP26
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Paris climate contract
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Climate
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