Suddenly, the price of ＂gutter oil＂ skyrocketed!

△ CCTV Finance "World Finance" column video

Waste edible oil in Japan is recycled and used to make aviation fuel.

In a resource recycling station in Shibuya, Tokyo, there are separate recycling bins for different items, which are used to recycle small household appliances, fluorescent tubes and waste cooking oil. The recycling bins are filled with many oil bottles brought by nearby residents, some of which are used kitchen waste oil and some of which have passed the shelf life. After recycling, these waste oils can be used to produce feed, industrial oil and fuel, including aviation fuel.

Japan: Sustainable aviation fuel helps reduce carbon emissions.

This Friday, Narita Airport will introduce sustainable aviation fuel made by Japanese companies with waste edible oil as raw materials. Because the edible oil used in Japan mainly comes from plants, compared with traditional aviation fuel, the new fuel is expected to reduce carbon emissions by about 80%, and its impact on the environment will be greatly reduced. Japan has placed great expectations on the development of sustainable aviation fuel. It is estimated that Japan produces about 500,000 tons of waste cooking oil every year, including households and restaurants, of which 4/5 comes from catering and food processing industries and 1/5 comes from households. Relevant laws prohibit the excessive discharge of waste oil into sewers, and the overall recovery rate is about 80%. Therefore, in Japan, where energy is scarce, these waste oils are also called "urban oil fields".

In 2030, the utilization rate of renewable fuels in Japan’s aviation industry may reach 10%

The Japanese government plans to replace 10% of domestic airline fuel with sustainable aviation fuel by 2030. In order to promote popularization, in the first half of this year, related enterprises in Japan’s energy and aviation fields have established consultation mechanisms and started cooperation in this regard.

New fuel fever drives the price of waste edible oil in Japan higher.

With the high price of traditional energy, including Japan, the development of new energy in the world is accelerating. The increasing attention to sustainable aviation fuel has also driven the price of waste edible oil in Japan to rise. According to Japanese media reports, the purchase price of waste oil has increased significantly recently, and in some areas it has doubled compared with last year. Even in some catering streets, there has been a phenomenon of stealing waste cooking oil at night. With the expansion of the sustainable aviation fuel market, the price of waste edible oil in Japan is expected to continue to rise.

Source: CCTV Finance

Editor: Liu Siyu

Audit: Xie Likui