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[Climate](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) change: 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 [study questions](https://forest500.org/rankings/companies/mission-newenergy-limited) the [ecological](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) impact of rising imports of used cooking oil (UCO) into the UK and Europe.
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Chip fat and other oils are considered waste, so when they are used to make [biodiesel](https://www.google.com/search?kgmid=/m/0cqd_rb) it conserves carbon emissions by displacing fossil oil.
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But such is the demand throughout Europe that imports now [represent](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) 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.
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With no screening of what's being available in, experts believe it is also ripe for fraud.
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Used cooking oil imports might boost logging
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Consumers position 'growing hazard' to tropical forests
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Reducing emissions from transportation is proving to be among the most for federal governments all over the world.
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They've motivated using biofuels as an essential methods of suppressing carbon from automobiles and trucks.
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Biofuels are generally a mix of fossil fuel and oil made from plants or veggies.
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The [reality](https://www.businessnews.com.au/Company/Mission-NewEnergy) that these crops can be re-grown and take in more CO2 means they [counteract](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) the carbon produced when used in engines.
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Soy and palm oil were as soon as commonly utilized 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) but this practice has been commonly discredited because it encourages logging.
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So for the last decade or so, the use of [utilized cooking](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) oil has actually [expanded enormously](https://pitchbook.com/profiles/company/51278-86) as an alternative feedstock for fuel.
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Chip fat and other waste oils have ended up being a crucial [component](https://www.businessnews.com.au/Company/Mission-NewEnergy) of [biodiesel](https://www.crunchbase.com/organization/mission-newenergy) with a reliable market springing up throughout Europe to gather and process the item.
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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 because 2014, there simply isn't adequate chip fat to walk around.
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According to a report from the project group Transport & Environment, external, over half of the UCO used in Europe is imported.
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Their study recommends this is highly problematic when it pertains to influence on the environment.
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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 question of what individuals in these nations 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 countries aren't readily available however the flow of UCO is likely to be similar.
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With a population of around 33 million, that's close to 3 litres per head of utilized oil that's gathered and [exported](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) to the UK and Ireland alone.
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By contrast, Thailand, which has a population of 70 million people, managed to [collect](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) around 5 million litres of UCO in 2019.
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"Because we are buying it, they have less utilized cooking oil to use on the important things that they were previously using it for," stated Greg Archer with [Transport](https://www.crunchbase.com/organization/mission-newenergy) & Environment.
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"And they're simply purchasing more virgin oil and that virgin oil is largely palm oil, because that's the most inexpensive oil available.
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"So indirectly, we're [simply encouraging](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) more deforestation in Southeast Asia."
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Another significant issue with UCO is the suspicion of scams.
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Because of demand from Europe, the price of UCO is often greater than palm oil. The concern is that some unscrupulous traders are merely diluting shipments of UCO with palm.
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As oils of different types are blended in bulk for transportation, and no testing of the materials is performed, some experts believe scams is swarming.
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The recommendation of scams anywhere along the chain of supply is declined by the European Waste-to-Advanced Biofuels Association (EWABA), who state there are robust accreditation schemes in place.
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"It is extensively understood that the European Commission has taken relevant steps to entirely suppress unsound market practices in [biofuel](https://stocktwits.com/symbol/MNEL) markets," stated Angel Alberdi, EWABA's secretary general.
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He says a new database being established by the EU will ensure that trading, accreditation and sustainability information on all bio-liquids will need to be registered.
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"The combination of modified certification plans and the pan-EU track and trace database will guarantee that no [sustainability issues](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) emerge in the whole biofuels and bio-liquids supply chain," he informed BBC News.
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Others in the field are concerned that the database concept, which was very first mooted in 2018, may not be effective in stemming thought scams.
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The report from Transport & Environment explains that with shipping and aviation looking to decarbonise by utilizing biofuels, need for UCO might double over the next decade.
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"Rising the need beyond sustainable supply levels would [increase](https://www.bloomberg.com/profile/company/MNELF:US) these issues, and threats of utilizing 'phony' UCO, possibly causing indirect impacts 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 agreement
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Climate
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