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<br>Biofuels: 'Irrational' and 'even worse than nonrenewable fuel sources'<br><br><br>The UK's "unreasonable" use of [https://www.investing.com/equities/mission-newenergy-ltd-company-profile biofuels] will cost vehicle [https://www.investing.com/equities/mission-newenergy-ltd-company-profile drivers] around ₤ 460 million over the next 12 months, a think tank states.<br><br><br>A report by Chatham House, external says the growing reliance on sustainable liquid fuels will likewise increase food rates.<br><br><br>The author states that [https://www.pinterest.com.au/missionnewenergy/ biodiesel] made from grease was worse for the environment than nonrenewable fuel sources.<br><br><br>Under EU law, external, [https://forest500.org/rankings/companies/mission-newenergy-limited biofuels] are set to make up 5% of the UK's transportation fuel from today.<br><br><br>Since 2008, the UK has actually needed fuel providers to add a growing proportion of [https://forest500.org/rankings/companies/mission-newenergy-limited sustainable materials] into the petrol and diesel they supply. These biofuels are mainly ethanol distilled from corn and [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 biodiesel] made from rapeseed, utilized cooking oil and tallow.<br><br><br>Deep fried fuel<br><br><br>But research study performed for Chatham House says that reaching the 5% level indicates that UK drivers will have to pay an additional ₤ 460m a year because of the higher cost of fuel at the pump and from filling up regularly as biofuels have a lower energy [https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm material].<br><br><br>The report say that if the UK is to fulfill its commitments to EU energy targets the expense to vehicle drivers is most likely to rise to ₤ 1.3 bn per year by 2020.<br><br><br>"It is tough to discover any great news," Rob Bailey, senior research study fellow at Chatham House, told BBC News.<br><br><br>"Biofuels increase expenses and they are a really expensive way to reduce carbon emissions," he said.<br><br><br>The EU biofuel requireds are likewise having hugely distorting effects in the marketplace. Because used cooking oil is considered one of the most sustainable kinds of [https://www.crunchbase.com/organization/mission-newenergy biodiesel], the price for it has risen rapidly. Rob Bailey states that towards the end of 2012 it was more costly than refined palm oil.<br><br><br>"It develops a financial incentive to buy refined palm oil, cook a chip in it to turn it into used cooking oil and then offer it at profit,"<br><br><br>"It is insane however the incentives are there."<br><br><br>There are likewise frets that taking EU land out of [https://www.pinterest.com.au/missionnewenergy/ production] to grow rapeseed oil in particular is producing more climate problems than it resolves. The more fuel of this type that is taken into cars and trucks the larger the deficit created in the [https://www.investing.com/equities/mission-newenergy-ltd-company-profile edible oils] market. This had actually resulted in [https://www.businessnews.com.au/Company/Mission-NewEnergy increased imports] of palm oil from Indonesia, frequently produced on deforested land.<br><br><br>"Once you take into consideration these indirect effects, biofuels made from veggie oils in fact result worldwide in more emissions than you would obtain from using diesel in the first location," said Rob Bailey.<br><br><br>"Plus you are asking drivers to pay more for the fuel - it makes no sense, it is an entirely irrational technique."<br><br><br>[https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html Biofuel] benefits<br><br><br>The European [https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html Biodiesel] Board (EBB), which represents the market, external across the EU, said it understood the issues triggered by the . But it believes that biofuels have many positives.<br><br><br>"Blaming biofuels for all the troubles worldwide is a bit too overstated," stated Isabelle Maurizi, [https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price project] supervisor at the EBB.<br><br><br>"It has actually brought great deals of advantages. 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However getting contract from nations with powerful farming sectors who take advantage of the [https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price existing plan] will be tough.<br><br><br>"When you have a lobby which consists of the farming sector and the oil sector it is extremely tough for Governments to make a U-turn," said [https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html Rob Bailey].<br><br><br>County starts recycling chip fat<br><br><br>8 December 2010<br><br><br>How does [https://www.crunchbase.com/organization/mission-newenergy Qantas fly] on chip fat? Video, 00:02:00 How does Qantas fly on chip fat?<br><br><br>13 April 2012<br> <br><br>Measuring energy crops' footprint<br><br><br>18 October 2012<br>
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<br>Biofuels: 'Irrational' and [https://www.zoominfo.com/c/mission-newenergy/346542889 'even worse] than fossil fuels'<br><br><br>The UK's "illogical" use of biofuels will cost vehicle drivers around ₤ 460 million over the next 12 months, a think tank states.<br><br><br>A report by Chatham House, external states the growing dependence on sustainable liquid fuels will also [https://pitchbook.com/profiles/company/51278-86 increase] food prices.<br><br><br>The author says that [https://www.businessnews.com.au/Company/Mission-NewEnergy biodiesel] made from vegetable oil was even worse for the environment than [https://forest500.org/rankings/companies/mission-newenergy-limited fossil fuels].<br><br><br>Under EU law, external, biofuels are set to make up 5% of the UK's transportation fuel from today.<br><br><br>Since 2008, the UK has actually required fuel suppliers to add a growing percentage of sustainable [https://pitchbook.com/profiles/company/51278-86 products] into the petrol and diesel they supply. These biofuels are mainly ethanol distilled from corn and [https://forest500.org/rankings/companies/mission-newenergy-limited biodiesel] made from rapeseed, utilized cooking oil and tallow.<br><br><br>Deep fried fuel<br><br><br>But research study carried out for Chatham House states that reaching the 5% [https://www.pinterest.com.au/missionnewenergy/ level implies] that UK drivers will need to pay an additional ₤ 460m a year since of the greater expense of fuel at the pump and from filling up more frequently as biofuels have a lower energy content.<br><br><br>The report say that if the UK is to fulfill its responsibilities to EU [https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html energy targets] the cost to vehicle drivers is most likely to [https://www.investing.com/equities/mission-newenergy-ltd-company-profile increase] to ₤ 1.3 bn per year by 2020.<br><br><br>"It is hard to find any great news," Rob Bailey, senior research study fellow at Chatham House, told BBC News.<br><br><br>"Biofuels increase costs and they are an extremely costly way to lower carbon emissions," he said.<br><br><br>The EU biofuel requireds are also having hugely distorting  in the market. Because utilized cooking oil is considered as one of the most sustainable kinds of [https://www.crunchbase.com/organization/mission-newenergy biodiesel], the cost for it has increased quickly. [https://www.crunchbase.com/organization/mission-newenergy Rob Bailey] states that towards completion of 2012 it was more costly than refined palm oil.<br><br><br>"It develops a financial incentive to purchase refined palm oil, cook a chip in it to turn it into utilized cooking oil and then offer it at revenue,"<br><br><br>"It is crazy but the rewards exist."<br><br><br>There are likewise [https://forest500.org/rankings/companies/mission-newenergy-limited stresses] that taking EU land out of production to grow rapeseed oil in specific is creating more environment issues than it resolves. The more fuel of this type that is taken into automobiles the larger the deficit developed in the [https://pitchbook.com/profiles/company/51278-86 edible oils] market. This had caused increased imports of [https://www.bloomberg.com/profile/company/MNELF:US palm oil] from Indonesia, often produced on deforested land.<br><br><br>"Once you take into account these indirect effects, biofuels made from vegetable oils actually result worldwide in more emissions than you would get from utilizing diesel in the first place," stated Rob Bailey.<br><br><br>"Plus you are asking drivers to pay more for the fuel - it makes no sense, it is a totally illogical strategy."<br><br><br>[https://www.investing.com/equities/mission-newenergy-ltd-company-profile Biofuel] benefits<br><br><br>The European Biodiesel Board (EBB), which represents the market, external throughout the EU, said it knew the issues brought on by the mandate. But it thinks that biofuels have many positives.<br><br><br>"Blaming biofuels for all the problems worldwide is a bit too exaggerated," said Isabelle Maurizi, project manager at the EBB.<br><br><br>"It has actually brought lots of benefits. It has actually improved the security of our diesel; it has actually lowered EU dependency on animal feed imports, thanks to the rapeseed we grow for biodiesel."<br><br><br>"If there was no biodiesel farmers would simply make their land idle - no food, no feed!"<br><br><br>As the UK hits the 5% of liquid fuels mark, the [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 federal government] deals with some difficult choices on how to move [https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm forward] on this issue as it deals with tripling the costs for [https://www.crunchbase.com/organization/mission-newenergy motorists] by 2020.<br><br><br>Insiders recommend its choice would be to try and get agreement in Brussels on the impacts of indirect costs which may constrain what counts as [https://www.pinterest.com.au/missionnewenergy/ biofuel]. However getting contract from nations with effective agricultural sectors who gain from the current plan will be [https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm challenging].<br><br><br>"When you have a lobby that includes the agricultural sector and the oil sector it is very tough for Governments to make a U-turn," said Rob Bailey.<br><br><br>County begins recycling chip fat<br><br><br>8 December 2010<br><br><br>How does [https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/ Qantas fly] on chip fat? Video, 00:02:00 How does Qantas fly on chip fat?<br><br><br>13 April 2012<br><br><br>Measuring energy crops' footprint<br><br><br>18 October 2012<br>

Aktuální verse z 11. 1. 2025, 04:10


Biofuels: 'Irrational' and 'even worse than fossil fuels'


The UK's "illogical" use of biofuels will cost vehicle drivers around ₤ 460 million over the next 12 months, a think tank states.


A report by Chatham House, external states the growing dependence on sustainable liquid fuels will also increase food prices.


The author says that biodiesel made from vegetable oil was even worse for the environment than fossil fuels.


Under EU law, external, biofuels are set to make up 5% of the UK's transportation fuel from today.


Since 2008, the UK has actually required fuel suppliers to add a growing percentage of sustainable products into the petrol and diesel they supply. These biofuels are mainly ethanol distilled from corn and biodiesel made from rapeseed, utilized cooking oil and tallow.


Deep fried fuel


But research study carried out for Chatham House states that reaching the 5% level implies that UK drivers will need to pay an additional ₤ 460m a year since of the greater expense of fuel at the pump and from filling up more frequently as biofuels have a lower energy content.


The report say that if the UK is to fulfill its responsibilities to EU energy targets the cost to vehicle drivers is most likely to increase to ₤ 1.3 bn per year by 2020.


"It is hard to find any great news," Rob Bailey, senior research study fellow at Chatham House, told BBC News.


"Biofuels increase costs and they are an extremely costly way to lower carbon emissions," he said.


The EU biofuel requireds are also having hugely distorting in the market. Because utilized cooking oil is considered as one of the most sustainable kinds of biodiesel, the cost for it has increased quickly. Rob Bailey states that towards completion of 2012 it was more costly than refined palm oil.


"It develops a financial incentive to purchase refined palm oil, cook a chip in it to turn it into utilized cooking oil and then offer it at revenue,"


"It is crazy but the rewards exist."


There are likewise stresses that taking EU land out of production to grow rapeseed oil in specific is creating more environment issues than it resolves. The more fuel of this type that is taken into automobiles the larger the deficit developed in the edible oils market. This had caused increased imports of palm oil from Indonesia, often produced on deforested land.


"Once you take into account these indirect effects, biofuels made from vegetable oils actually result worldwide in more emissions than you would get from utilizing diesel in the first place," stated Rob Bailey.


"Plus you are asking drivers to pay more for the fuel - it makes no sense, it is a totally illogical strategy."


Biofuel benefits


The European Biodiesel Board (EBB), which represents the market, external throughout the EU, said it knew the issues brought on by the mandate. But it thinks that biofuels have many positives.


"Blaming biofuels for all the problems worldwide is a bit too exaggerated," said Isabelle Maurizi, project manager at the EBB.


"It has actually brought lots of benefits. It has actually improved the security of our diesel; it has actually lowered EU dependency on animal feed imports, thanks to the rapeseed we grow for biodiesel."


"If there was no biodiesel farmers would simply make their land idle - no food, no feed!"


As the UK hits the 5% of liquid fuels mark, the federal government deals with some difficult choices on how to move forward on this issue as it deals with tripling the costs for motorists by 2020.


Insiders recommend its choice would be to try and get agreement in Brussels on the impacts of indirect costs which may constrain what counts as biofuel. However getting contract from nations with effective agricultural sectors who gain from the current plan will be challenging.


"When you have a lobby that includes the agricultural sector and the oil sector it is very tough for Governments to make a U-turn," said Rob Bailey.


County begins recycling chip fat


8 December 2010


How does Qantas fly on chip fat? Video, 00:02:00 How does Qantas fly on chip fat?


13 April 2012


Measuring energy crops' footprint


18 October 2012