A Long Voyage for Used Cooking Oil
Bigger carbon savings could be made by converting China’s waste oil closer to home.
A biodiesel plant in Hong Kong processes waste cooking oil into fuel.
Photographer: Brent Lewin/Bloomberg
Welcome to Elements, our energy and commodities newsletter. Today, Bloomberg Oil Strategist Julian Lee looks at the rationale behind China’s shipments of used cooking oil to the US. Meanwhile, the European Union has struck a landmark deal to fight greenwashing in the bond market, and China’s nuclear trade with Russia has America worried. If you haven’t signed up to get Elements in your inbox, you can do it here.
What’s wrong with China shipping used cooking oil to the US, where it’s transformed into biofuel, reducing the carbon tire-print of American trucks?