From 97a8e41dc574326a1fca34f8ff8f6371c6977645 Mon Sep 17 00:00:00 2001 From: Belle Jeffcott Date: Tue, 14 Jan 2025 21:18:46 +0800 Subject: [PATCH] Add 'Biofuels: 'Irrational' and 'Worse than Fossil Fuels'' --- ...al%27-and-%27Worse-than-Fossil-Fuels%27.md | 21 +++++++++++++++++++ 1 file changed, 21 insertions(+) create mode 100644 Biofuels%3A-%27Irrational%27-and-%27Worse-than-Fossil-Fuels%27.md diff --git a/Biofuels%3A-%27Irrational%27-and-%27Worse-than-Fossil-Fuels%27.md b/Biofuels%3A-%27Irrational%27-and-%27Worse-than-Fossil-Fuels%27.md new file mode 100644 index 0000000..660dab7 --- /dev/null +++ b/Biofuels%3A-%27Irrational%27-and-%27Worse-than-Fossil-Fuels%27.md @@ -0,0 +1,21 @@ +
Biofuels: 'Irrational' and 'worse than [nonrenewable fuel](https://forest500.org/rankings/companies/mission-newenergy-limited) sources'
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The UK's "irrational" use of biofuels will cost drivers around ₤ 460 million over the next 12 months, a think tank says.
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A report by Chatham House, external says the growing reliance on sustainable liquid fuels will likewise increase food prices.
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The author states that biodiesel made from veggie oil was even worse for the environment than nonrenewable fuel sources.
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Under EU law, external, biofuels are set to make up 5% of the UK's transportation fuel from today.
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Since 2008, the UK has required fuel providers to add a growing percentage of [sustainable products](https://www.zoominfo.com/c/mission-newenergy/346542889) into the fuel and diesel they [provide](https://forest500.org/rankings/companies/mission-newenergy-limited). These biofuels are mainly ethanol distilled from corn and [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) made from rapeseed, used cooking oil and tallow.
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Deep fried fuel
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But research study carried out for Chatham House says that [reaching](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) the 5% level implies that UK motorists will need to pay an extra ₤ 460m a year since of the higher expense of fuel at the pump and from filling regularly as biofuels have a lower energy content.
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The report state that if the UK is to meet its responsibilities to EU energy targets the [expense](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) to [drivers](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) is likely to rise to ₤ 1.3 bn per year by 2020.
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"It is tough to find any great news," Rob Bailey, senior research study fellow at Chatham House, informed BBC News.
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"Biofuels increase costs and they are a very costly way to reduce carbon emissions," he stated.
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The EU [biofuel](https://www.crunchbase.com/organization/mission-newenergy) requireds are also having extremely distorting results in the market. Because used cooking oil is considered as one of the most [sustainable kinds](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) of biodiesel, the rate for it has actually risen quickly. Rob Bailey says that towards completion of 2012 it was more expensive than [refined palm](https://pitchbook.com/profiles/company/51278-86) oil.
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"It produces a monetary reward to buy refined palm oil, prepare a chip in it to turn it into used cooking oil and then offer it at earnings,"
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"It is crazy however the incentives are there."
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There are also frets that taking EU land out of production to grow rapeseed oil in specific is developing more environment issues than it resolves. The more fuel of this type that is taken into automobiles the larger the deficit created in the [edible oils](https://pitchbook.com/profiles/company/51278-86) market. This had actually resulted in [increased imports](https://www.businessnews.com.au/Company/Mission-NewEnergy) of palm oil from Indonesia, often produced on deforested land.
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"Once you take into consideration these indirect effects, biofuels made from vegetable oils in fact result worldwide in more emissions than you would obtain from utilizing diesel in the first place," said [Rob Bailey](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048).
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"Plus you are asking drivers to pay more for the fuel - it makes no sense, it is a totally irrational strategy."
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[Biofuel](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) benefits
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The European Biodiesel Board (EBB), which represents the market, external across the EU, stated it knew the issues brought on by the [mandate](https://www.businessnews.com.au/Company/Mission-NewEnergy). But it thinks that biofuels have many [positives](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608).
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"Blaming biofuels for all the problems in the world is a bit too overstated," said Isabelle Maurizi, job manager at the EBB.
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"It has brought great deals of benefits. It has improved the security of our diesel \ No newline at end of file