Rapidly Growing Demand for Biomass Fuels Leads to U.S. Becoming an Importer of Waste Cooking Oil
The phenomenon of the United States becoming a net importer of Used Cooking Oil (UCO) reflects the development trend of the global biofuel industry and the changes in the industry chain driven by environmental policies. To understand this phenomenon, we need to analyze it from the following aspects: Growth of biofuel demand With the increase of global environmental protection awareness, biofuels, especially biodiesel extracted from waste cooking oil, are getting more and more attention. Biodiesel is a renewable energy source that helps mitigate climate change by emitting less carbon dioxide when burned compared to traditional fossil fuels. The U.S. becomes a net importer of waste cooking oil in 2022, largely due to the rapidly increasing domestic demand for biodiesel. Many states and the federal government have introduced policies to promote…