adakulikowski/m2-capital-sdn.-bhd
1
0
Code Issues Actions Packages Projects Wiki

Add Climate Change: Growing Doubts Over Chip Fat Biofuel

Ollie Wicker 2025-01-12 11:45:28 +00:00
parent 56d629b22c
commit 8dafe66e85
1 changed files with 43 additions and 0 deletions
Show Stats Download Patch File Download Diff File Expand all files Collapse all files

43
Climate-Change%3A-Growing-Doubts-Over-Chip-Fat-Biofuel.md Normal file

@ -0,0 +1,43 @@
<br>Climate change: Growing doubts over chip fat [biofuel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/)<br>
<br>21 April 2021<br>
<br>remarks<br>
<br>354 Comments<br>
<br>New research [study concerns](https://www.google.com/search?kgmid=/m/0cqd_rb) the ecological impact of increasing imports of [utilized cooking](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) 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://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) it conserves carbon emissions by [displacing fossil](https://www.bloomberg.com/profile/company/MNELF:US) oil.<br>
<br>But such is the need throughout Europe that imports now represent over half of the UCO that's made into fuel.<br>
<br>According to the research study, external, there's no chance to prove these imports are sustainable.<br>
<br>With no screening of what's can be found in, experts believe it is also ripe for fraud.<br>
<br>Used cooking oil imports may enhance deforestation<br>
<br>Consumers present 'growing hazard' to tropical forests<br>
<br>Reducing emissions from transport is showing to be one of the most [difficult difficulties](https://www.bloomberg.com/profile/company/MNELF:US) for governments all over the world.<br>
<br>They've encouraged the usage of biofuels as an important methods of suppressing carbon from cars and trucks and lorries.<br>
<br>Biofuels are [typically](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) a mix of nonrenewable fuel source and oil made from plants or .<br>
<br>The fact that these crops can be re-grown and absorb more CO2 means they cancel out the carbon emitted when [utilized](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) in engines.<br>
<br>Soy and palm oil were when extensively used as parts 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) however this practice has actually been extensively challenged because it encourages deforestation.<br>
<br>So for the last years approximately, the usage of used cooking oil has broadened enormously as an alternative feedstock for fuel.<br>
<br>Chip fat and other waste oils have actually become a crucial part 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 industry emerging across Europe to collect and process the [product](https://www.bloomberg.com/profile/company/MNELF:US).<br>
<br>But with the quantity of [biodiesel](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) made from UCO increasing by around 40% every year because 2014, there merely isn't sufficient chip fat to go around.<br>
<br>According to a report from the campaign group Transport & Environment, external, over half of the UCO used in Europe is imported.<br>
<br>Their study suggests this is highly bothersome when it comes to influence on the environment.<br>
<br>While UCO is considered a [waste material](https://www.google.com/search?kgmid=/m/0cqd_rb) in the UK, in China, Indonesia and Malaysia it has long been utilized to feed animals. The report raises the concern of what individuals in these countries are [changing](https://www.businessnews.com.au/Company/Mission-NewEnergy) 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](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) aren't available however the flow of UCO is most likely to be comparable.<br>
<br>With a [population](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) of around 33 million, that's close to 3 litres per head of utilized oil that's [gathered](https://stocktwits.com/symbol/MNEL) and exported to the UK and Ireland alone.<br>
<br>By comparison, Thailand, which has a population of 70 million people, managed to gather around 5 million litres of UCO in 2019.<br>
<br>"Because we are purchasing it, they have actually less utilized cooking oil to use on the things that they were formerly using it for," stated Greg Archer with Transport & Environment.<br>
<br>"And they're simply buying more virgin oil and that virgin oil is mainly palm oil, since that's the least expensive oil readily available.<br>
<br>"So indirectly, we're just encouraging more deforestation in Southeast Asia."<br>
<br>Another major problem with UCO is the suspicion of fraud.<br>
<br>Because of need from Europe, the rate of UCO is often greater than palm oil. The concern is that some deceitful traders are just diluting shipments of UCO with palm.<br>
<br>As oils of various types are mixed in bulk for transportation, and no testing of the products is performed, some professionals believe scams is swarming.<br>
<br>The tip of fraud anywhere along the chain of supply is turned down by the European Waste-to-Advanced Biofuels Association (EWABA), who say there are robust accreditation schemes in location.<br>
<br>"It is extensively known that the European Commission has taken relevant steps to totally curb unsound market practices in [biofuel](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) 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 data on all bio-liquids will need to be signed up.<br>
<br>"The mix of [modified certification](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) schemes and the pan-EU track and trace database will [guarantee](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) that no [sustainability issues](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) occur in the entire biofuels and bio-liquids supply 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 be reliable in stemming suspected fraud.<br>
<br>The report from Transport & Environment mentions that with shipping and aviation aiming to decarbonise by utilizing biofuels, demand for UCO might double over the next decade.<br>
<br>"Rising the need beyond sustainable supply levels would increase these concerns, and risks of utilizing 'fake' UCO, possibly leading to indirect effects such as logging."<br>
<br>Follow Matt on Twitter @mattmcgrathbbc, external.<br>
<br>Related topics<br>
<br>COP26<br>
<br>Paris climate arrangement<br>
<br>Climate<br>