Add 'Biofuels: 'Irrational' and 'Worse than Nonrenewable Fuel Source''

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      Biofuels%3A-%27Irrational%27-and-%27Worse-than-Nonrenewable-Fuel-Source%27.md

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Biofuels%3A-%27Irrational%27-and-%27Worse-than-Nonrenewable-Fuel-Source%27.md

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<br>Biofuels: and 'worse than fossil fuels'<br>
<br>The UK's "illogical" usage of [biofuels](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) will cost motorists around ₤ 460 million over the next 12 months, a think tank says.<br>
<br>A report by Chatham House, external says the growing reliance on [sustainable liquid](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) fuels will also increase food prices.<br>
<br>The author states that [biodiesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) made from grease was even worse for the environment than nonrenewable fuel sources.<br>
<br>Under EU law, external, biofuels are set to comprise 5% of the UK's transportation fuel from today.<br>
<br>Since 2008, the UK has needed fuel suppliers to include a growing percentage of sustainable products into the gas and diesel they provide. These biofuels are generally [ethanol distilled](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) from corn and biodiesel made from rapeseed, used [cooking oil](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) and tallow.<br>
<br>Deep fried fuel<br>
<br>But research carried out for Chatham House states that reaching the 5% level implies that UK vehicle drivers will have to pay an additional ₤ 460m a year since of the higher expense of fuel at the pump and from filling up more often as biofuels have a lower energy material.<br>
<br>The report say that if the UK is to [satisfy](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) its [obligations](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) to EU energy targets the cost to drivers is most likely to [increase](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) to ₤ 1.3 bn per annum by 2020.<br>
<br>"It is difficult to discover any excellent news," Rob Bailey, senior research fellow at Chatham House, told BBC News.<br>
<br>"Biofuels increase costs and they are a really pricey method to minimize carbon emissions," he stated.<br>
<br>The EU [biofuel](https://www.zoominfo.com/c/mission-newenergy/346542889) requireds are also having hugely distorting effects in the [marketplace](https://pitchbook.com/profiles/company/51278-86). Because used cooking oil is considered as one of the most sustainable types of [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053), the rate for it has risen quickly. Rob Bailey states that towards completion of 2012 it was more expensive than refined palm oil.<br>
<br>"It develops a monetary reward to purchase refined palm oil, cook a chip in it to turn it into utilized cooking oil and after that sell it at profit,"<br>
<br>"It is insane however the rewards exist."<br>
<br>There are also frets that taking EU land out of production to grow rapeseed oil in specific is producing more climate issues than it resolves. The more fuel of this type that is put into cars and trucks the bigger the deficit developed in the edible oils market. This had lead to [increased imports](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) of palm oil from Indonesia, frequently produced on deforested land.<br>
<br>"Once you take into account these indirect impacts, biofuels made from veggie oils actually result worldwide in more emissions than you would obtain from utilizing diesel in the very first place," stated Rob Bailey.<br>
<br>"Plus you are asking drivers to pay more for the fuel - it makes no sense, it is a totally unreasonable method."<br>
<br>[Biofuel](https://www.google.com/search?kgmid=/m/0cqd_rb) advantages<br>
<br>The [European](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) [Biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) Board (EBB), which represents the market, external across the EU, said it was aware of the problems triggered by the mandate. But it thinks that biofuels have lots of positives.<br>
<br>"Blaming biofuels for all the difficulties on the planet is a bit too overstated," [stated Isabelle](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) Maurizi, project supervisor at the EBB.<br>
<br>"It has actually brought lots of advantages. It has actually improved the security of our diesel
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