According to Bloomberg, theft of used fast food oil has become more common as its economic value has increased recently. There are a few interesting reasons for this:
Finding value in old grease isn’t new. For more than a century, the waste product has been processed into ingredients for everything from makeup and paint to pet food and livestock feed, according to the Arlington, Virginia-based National Renderers Association, which represents 51 companies with 205 plants in the U.S. and Canada.
What’s different is more cooking oil is being made into fuel. It’s now the largest use for old grease, at around 30 percent of demand. A 2007 energy law calls for American cars, trucks and buses to use escalating amounts of biofuels. Most of that is corn-based ethanol used in gasoline, but refiners also are making more biodiesel. Soybean oil is the primary raw material, followed by used grease and corn oil…
The rally in biodiesel is boosting the value of grease. Since Feb. 17, the fuel is up 12 percent to $3 a gallon, as of April 28. Further gains may be likely because of a trade dispute with competitors in Argentina and Indonesia, which may limit imports of biodiesel
So the value of, and therefore the incentive to steal, grease is on the rise due to a complicated set of factors involving fuel demand, government regulation, and international trade policy. If some of the biodiesel we are using in the U.S. is coming from palm oil plantations in the tropics, that adds another element to consider in the environmental benefits or costs of the technology. I also suspected that the typical burger joint owner who is paying someone to pick this stuff up doesn’t care all that much if someone else picks it up. From that person’s perspective, either way it goes away. I suppose the environment could be hurt depending on where it goes, and the licensed grease hauling industry gets hurt (and yes there is an industry association for that, called the National Renderers Association, and they are very concerned about this issue.