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 <br>Biofuels: 'Irrational' and 'even worse than nonrenewable fuel sources'<br>
 <br>The UK's "irrational" use of biofuels will cost drivers around ₤ 460 million over the next 12 months, a think tank states.<br>
 <br>A report by Chatham House, external states the growing dependence on sustainable liquid fuels will likewise increase food costs.<br>
 <br>The author states that [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) made from grease was 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 actually needed fuel suppliers to include a [growing proportion](https://www.zoominfo.com/c/mission-newenergy/346542889) of [sustainable materials](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) into the gas and diesel they supply. These biofuels are generally ethanol distilled from corn and [biodiesel](https://www.businessnews.com.au/Company/Mission-NewEnergy) made from rapeseed, used cooking oil and tallow.<br>
 <br>Deep fried fuel<br>
 <br>But research study performed for Chatham House states that [reaching](https://www.pinterest.com.au/missionnewenergy/) the 5% level means that UK vehicle drivers will need to pay an [additional](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) ₤ 460m a year since of the higher expense of fuel at the pump and from filling more frequently as biofuels have a [lower energy](https://www.zoominfo.com/c/mission-newenergy/346542889) material.<br>
 <br>The report say that if the UK is to satisfy its  to EU energy targets the cost to [vehicle drivers](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) is most likely to increase to ₤ 1.3 bn per annum by 2020.<br>
 <br>"It is hard to find any excellent news," Rob Bailey, senior research fellow at Chatham House, told BBC News.<br>
 <br>"Biofuels increase costs and they are an extremely expensive method to decrease carbon emissions," he said.<br>
 <br>The EU [biofuel](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) requireds are likewise having extremely distorting [impacts](https://www.crunchbase.com/organization/mission-newenergy) in the market. Because used cooking oil is considered 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 actually risen quickly. Rob Bailey says that towards the end of 2012 it was more expensive than refined palm oil.<br>
 <br>"It creates a financial incentive to purchase refined palm oil, cook a chip in it to turn it into utilized cooking oil and after that sell it at revenue,"<br>
 <br>"It is insane but the incentives exist."<br>
 <br>There are likewise worries that taking EU land out of production to grow rapeseed oil in particular is creating more climate problems than it fixes. The more fuel of this type that is put into automobiles the bigger the deficit developed in the edible oils market. This had actually lead to increased imports of palm oil from Indonesia, typically produced on deforested land.<br>
 <br>"Once you take into account these indirect results, biofuels made from veggie oils really result worldwide in more emissions than you would get from using diesel in the first place," said Rob Bailey.<br>
 <br>"Plus you are asking drivers to pay more for the fuel - it makes no sense, it is a completely illogical technique."<br>
 <br>[Biofuel](https://stocktwits.com/symbol/MNEL) advantages<br>
 <br>The European [Biodiesel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) Board (EBB), which represents the industry, external throughout the EU, stated it was aware of the problems brought on by the mandate. But it believes that biofuels have numerous positives.<br>
 <br>"Blaming biofuels for all the difficulties worldwide is a bit too exaggerated," [stated Isabelle](https://www.pinterest.com.au/missionnewenergy/) Maurizi, project supervisor at the EBB.<br>
 <br>"It has brought lots of benefits. It has actually improved the security of our diesel