Sunday, February 5, 2023
  • Contact Us
  • Terms of Use
  • Privacy Policy
  • DMCA
  • CCPA
Oil Market News Today
Advertisement
  • Home
  • Market
    • All
    • Africa
    • Europe
    • Middle East
    • Russia
    • US
    • Venezuela
    Chinese oil giant CNPC eyes BP’s $1.5bn stake in Oman gas field

    Chinese oil giant CNPC eyes BP’s $1.5bn stake in Oman gas field

    Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

    Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

    Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

    Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

    Construction of Dangote oil refinery Africa’s largest nears completion

    Construction of Dangote oil refinery Africa’s largest nears completion

    Oil rises further from 3-week lows, but headwinds loom amid pandemic

    Oil rises further from 3-week lows, but headwinds loom amid pandemic

    TC Energy says new U.S. permit to boost Keystone pipeline oil exports by

    TC Energy says new U.S. permit to boost Keystone pipeline oil exports by

    • US
    • Russia
    • Europe
    • Middle East
    • Africa
    • Venezuela
  • Oil News
  • Oil & Gas
  • Diesel
  • Oil Price
  • Politics
  • Industry
  • Companys
  • Production
  • Natural Gas
No Result
View All Result
  • Home
  • Market
    • All
    • Africa
    • Europe
    • Middle East
    • Russia
    • US
    • Venezuela
    Chinese oil giant CNPC eyes BP’s $1.5bn stake in Oman gas field

    Chinese oil giant CNPC eyes BP’s $1.5bn stake in Oman gas field

    Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

    Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

    Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

    Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

    Construction of Dangote oil refinery Africa’s largest nears completion

    Construction of Dangote oil refinery Africa’s largest nears completion

    Oil rises further from 3-week lows, but headwinds loom amid pandemic

    Oil rises further from 3-week lows, but headwinds loom amid pandemic

    TC Energy says new U.S. permit to boost Keystone pipeline oil exports by

    TC Energy says new U.S. permit to boost Keystone pipeline oil exports by

    • US
    • Russia
    • Europe
    • Middle East
    • Africa
    • Venezuela
  • Oil News
  • Oil & Gas
  • Diesel
  • Oil Price
  • Politics
  • Industry
  • Companys
  • Production
  • Natural Gas
No Result
View All Result
Oil Market News Today
No Result
View All Result
Home Market Europe

EU lacks ‘complete overview’ about used cooking oil origins

June 24, 2020
in Europe
EU lacks ‘complete overview’ about used cooking oil origins
Share on FacebookShare on Twitter


Latest Oil MArket NewsPosts

Oil rises further from 3-week lows, but headwinds loom amid pandemic

Shell posts $18billion loss in second quarter – News for the Oil and Gas

Path to net zero: European oil majors outpace US companies on climate goals

The European Commission does not have a “complete overview” of the origin of used cooking oils used for the production of biodiesel consumed in the EU, but appears set to tighten the rules, according to sources close to the matter.

EURACTIV has learnt that this information is currently not reported by the member states.

Used cooking oils (UCO) are considered as a second-generation waste-based biofuel under the EU’s renewable energy directive because they can help decarbonise Europe’s transport sector.

But the current directive does not distinguish between domestically collected oils and those which are imported from third countries. And critics suggest some of it contains palm oil, which the EU decided to phase out in order to slow deforestation in tropical countries.

Last year, the UK and the Netherlands launched official investigations into companies which have allegedly been selling unsustainable UCO containing palm oil.

“All biofuels have to meet the same sustainability criteria independently of the origin of the feedstock. Currently, the Commission receives only data from the voluntary schemes that have been recognised by the Commission,” said sources said, who asked not to be named.

However, the same sources added that the schemes do not cover the entire market and that it is not certain that all biofuels certified by the schemes are consumed in the EU. UCO-based biofuels are also promoted in third countries.

“This situation will change, however, as the Commission has been empowered by the Renewable Energy Directive to put in place a Union database that will allow it to centrally trace all biofuels consumed in the EU,” the sources said.

EURACTIV was also informed that the Commission will further tighten the auditing approaches applied for biofuels produced from UCO by setting out detailed certification rules in an implementing act.

“It should also be noted that the revised Renewable Energy Directive needs to supervise the work of the certification bodies which are conducting the audits under the voluntary schemes. These measures will further improve the robustness of the system,” the sources said.

Differentiating UCOs?

For József Papp, a small collector of imported used cooking oils based in Hungary, there should be a distinction between domestically collected and imported UCO.

“Our view is that the EU should support the production of biodiesel from waste (used cooking oil) and ban the production of biodiesel from fresh oil (palm oil),” he told EURACTIV.

He said fresh oils are normally unable to compete with used cooking oils because they are more expensive. But if the price of fresh oil is low, it can be used to make biodiesel just the same, because refineries don’t make the distinction.

Moreover, according to Papp, there is a moral issue when it comes to merchants who create pollution by importing fresh cooking oil into the EU on ships and then do not use it for its intended purpose.

“With traders importing oil into the market, prices fall, so local companies who trade in used cooking…



Read More: EU lacks ‘complete overview’ about used cooking oil origins

Tags: completecookinglacksoiloriginsOverview

Related Posts

Oil rises further from 3-week lows, but headwinds loom amid pandemic
Europe

Oil rises further from 3-week lows, but headwinds loom amid pandemic

by Oil Market
July 31, 2020
0

TOKYO (Reuters) - Oil prices recovered further ground on Friday, after touching three-week lows in the previous session, responding...

Read more
Shell posts $18billion loss in second quarter – News for the Oil and Gas
Europe

Shell posts $18billion loss in second quarter – News for the Oil and Gas

by Oil Market
July 30, 2020
0

Shell has posted losses of $18.1billion (£14bn) for the second quarter of 2020 as oil, LNG and gas prices...

Read more
Path to net zero: European oil majors outpace US companies on climate goals
Europe

Path to net zero: European oil majors outpace US companies on climate goals

by Oil Market
July 29, 2020
0

The strong and growing pressure on oil and gas companies to dramatically reconfigure their core businesses to accept a...

Read more
Oil price holds near four-month high amid bearish signals – News for the
Europe

Oil price holds near four-month high amid bearish signals – News for the

by Oil Market
July 28, 2020
0

Oil held near a four-month high after speculation the Federal Reserve will keep U.S. interest rates near zero for...

Read more
Traore uses BABY OIL to slip opponents and avoid another dislocated
Europe

Traore uses BABY OIL to slip opponents and avoid another dislocated

by Oil Market
July 26, 2020
0

ADAMA TRAORE is feared throughout Europe for his blistering pace. However, Chelsea defenders beware - the speedy Spaniard literally...

Read more
Schlumberger eyes deeper cost cuts as oil rout triggers $3.7 bln charge,
Europe

Schlumberger eyes deeper cost cuts as oil rout triggers $3.7 bln charge,

by Oil Market
July 25, 2020
0

The large loss capped second-quarter reports from U.S. oilfield services providers that laid bare the damage wreaked by the...

Read more
Next Post
Oil And Gas Automation Solutions Market Innovative Report Growth Impact

Oil And Gas Automation Solutions Market Innovative Report Growth Impact

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Today Oil Markets

PSUs rally on buzz of global oil companies’ interest in BPCL stake

PSUs rally on buzz of global oil companies’ interest in BPCL stake

3 years ago
Oil Prices Transitioning to Next Phase of Cycle

Oil Prices Transitioning to Next Phase of Cycle

3 years ago
Rose Oil Market Current Scenario; Who will Surpass 2027

Rose Oil Market Current Scenario; Who will Surpass 2027

3 years ago
PTT boss: Russia and Saudi Arabia will end oil feud

PTT boss: Russia and Saudi Arabia will end oil feud

3 years ago
Industry urgently needs standards for avocado oil as study highlights scope

Industry urgently needs standards for avocado oil as study highlights scope

3 years ago
OPEC+ Cuts Effective In Reducing Oil Market Volatility | OilPrice.com

OPEC+ Cuts Effective In Reducing Oil Market Volatility | OilPrice.com

3 years ago

Oil Market

Chinese oil giant CNPC eyes BP’s $1.5bn stake in Oman gas field

Chinese oil giant CNPC eyes BP’s $1.5bn stake in Oman gas field

July 31, 2020
Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

July 31, 2020
Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

July 31, 2020
Construction of Dangote oil refinery Africa’s largest nears completion

Construction of Dangote oil refinery Africa’s largest nears completion

July 31, 2020

Russia Oil Market

Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

July 31, 2020
Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

July 31, 2020
CORONAVIRUS (COVID-19) IMPACT ON Sandalwood Essential Oil Market OUTLOOK,

CORONAVIRUS (COVID-19) IMPACT ON Sandalwood Essential Oil Market OUTLOOK,

July 29, 2020
Gas, Oil and Dual-fuel Burners Market Size 2020, Global Industry Trends,

Gas, Oil and Dual-fuel Burners Market Size 2020, Global Industry Trends,

July 28, 2020

Europe Oil Market

Oil rises further from 3-week lows, but headwinds loom amid pandemic

Oil rises further from 3-week lows, but headwinds loom amid pandemic

July 31, 2020
Shell posts $18billion loss in second quarter – News for the Oil and Gas

Shell posts $18billion loss in second quarter – News for the Oil and Gas

July 30, 2020
Path to net zero: European oil majors outpace US companies on climate goals

Path to net zero: European oil majors outpace US companies on climate goals

July 29, 2020
Oil price holds near four-month high amid bearish signals – News for the

Oil price holds near four-month high amid bearish signals – News for the

July 28, 2020
  • Contact Us
  • Terms of Use
  • Privacy Policy
  • DMCA
  • CCPA

© 2020 MarketFor Oil.com

No Result
View All Result
  • Home
  • Market
    • US
    • Russia
    • Europe
    • Middle East
    • Africa
    • Venezuela
  • Oil News
  • Oil & Gas
  • Diesel
  • Oil Price
  • Politics
  • Industry
  • Companys
  • Production
  • Natural Gas

© 2020 MarketFor Oil.com