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Used cooking oil the new black gold as it rides biofuel demand, limited supply

Europe is the largest consumer of the feedstock globally, but regulatory uncertainty in US, Europe still a hurdle

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Mia Pei

Mia Pei

Published Mon, Nov 25, 2024 · 05:00 AM
    • UCO exports from China and Malaysia, two of the biggest UCO exporters in the region, have been increasing each year.
    • UCO exports from China and Malaysia, two of the biggest UCO exporters in the region, have been increasing each year. PHOTO: BT FILE

    GLOBAL demand for used cooking oil (UCO), a feedstock for biofuels such as sustainable aviation fuel (SAF), is expected to continue to rise, despite regulatory uncertainty in major importing regions such as the United States and Europe.

    Together with a limited supply of legitimate UCO, market watchers believe this will support UCO prices in the medium term.

    Export volumes from Asia – the largest collector of UCO – have increased more than fivefold between 2016 and 2021 to a total of 2.5 tonnes, accounting for 38 per cent of global UCO exports.

    US-China relationsUS-China tradeChinese OiloilRenewable energysoybeansbiofuelsDonald TrumpTrade warEuropean Union

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