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[Climate](https://www.businessnews.com.au/Company/Mission-NewEnergy) modification: Growing doubts over chip fat [biofuel](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048)
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21 April 2021
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remarks
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354 Comments
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New research questions the [ecological impact](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) of increasing imports of utilized [cooking oil](https://www.businessnews.com.au/Company/Mission-NewEnergy) (UCO) into the UK and Europe.
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Chip fat and other oils are considered waste, so when they are utilized to make biodiesel it saves carbon emissions by displacing fossil oil.
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But such is the demand across Europe that imports now [account](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) for more than half of the UCO that's made into fuel.
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According to the research study, external, there's no way to prove these imports are sustainable.
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With no testing of what's can be found in, [professionals](https://www.pinterest.com.au/missionnewenergy/) think it is also ripe for fraud.
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Used [cooking oil](https://www.crunchbase.com/organization/mission-newenergy) imports may increase logging
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[Consumers position](https://www.pinterest.com.au/missionnewenergy/) 'growing danger' to tropical forests
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Reducing emissions from transport is proving to be among the most difficult obstacles for governments all over the world.
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They've encouraged using biofuels as a crucial ways of curbing carbon from [automobiles](https://forest500.org/rankings/companies/mission-newenergy-limited) and trucks.
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Biofuels are typically a mix of nonrenewable fuel source and oil made from plants or veggies.
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The reality that these crops can be re-grown and take in more CO2 indicates they cancel out the carbon given off when used in engines.
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Soy and palm oil were as soon as commonly used as components of [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) however this practice has actually been extensively challenged since it encourages [deforestation](https://www.bloomberg.com/profile/company/MNELF:US).
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So for the last years approximately, using used cooking oil has expanded massively as an alternative feedstock for fuel.
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Chip fat and other waste oils have ended up being a crucial element of [biodiesel](https://www.zoominfo.com/c/mission-newenergy/346542889) with a reliable industry springing up throughout Europe to collect and process the product.
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But with the quantity of biodiesel made from UCO increasing by around 40% every year given that 2014, there merely isn't sufficient chip 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 study recommends this is highly bothersome when it comes to effect on the [environment](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price).
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While UCO is considered a waste material in the UK, in China, Indonesia and Malaysia it has actually long been utilized to feed animals. The report raises the [concern](https://stocktwits.com/symbol/MNEL) of what people 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. Figures for their exports to other [European nations](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) aren't offered however the [circulation](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) 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 used oil that's gathered 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 five million litres of UCO in 2019.
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"Because we are buying it, they have actually less used cooking oil to utilize on the important things that they were formerly utilizing it for," stated Greg Archer with Transport & [Environment](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price).
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"And they're simply buying more virgin oil which virgin oil is largely palm oil, because that's the most affordable oil available.
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"So indirectly, we're just [encouraging](https://www.crunchbase.com/organization/mission-newenergy) more in Southeast Asia."
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Another major problem with UCO is the suspicion of fraud.
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Because of demand from Europe, the price of UCO is typically higher than palm oil. The concern is that some deceitful traders are just diluting shipments of UCO with palm.
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As oils of different types are blended in bulk for transportation, and no screening of the materials is performed, some experts think fraud is rife.
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The recommendation of scams anywhere along the chain of supply is turned down by the European Waste-to-Advanced Biofuels Association (EWABA), who state there are robust accreditation plans in location.
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"It is commonly understood that the European Commission has actually taken relevant actions to totally curb unsound market practices in [biofuel](https://stocktwits.com/symbol/MNEL) markets," stated Angel Alberdi, EWABA's secretary general.
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He states a new database being developed by the EU will guarantee that trading, accreditation and sustainability information on all bio-liquids will have to be registered.
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"The mix of revised accreditation schemes and the [pan-EU track](https://www.bloomberg.com/profile/company/MNELF:US) and trace database will ensure that no sustainability concerns emerge in the entire 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, might not work in stemming believed scams.
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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](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) levels would increase these concerns, and dangers of utilizing 'fake' UCO, potentially causing indirect effects 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 environment contract
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Climate
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