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<br> is the appealing source of energy for future fuel needs. [Biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) can be established from growing plants which naturally contains oil namely [jatropha curcas](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html), palm oil, Soybean and algae. Bioethanol can be drawn out from sugar crops like sugarcane, sugar beet, maize, corn and so on by yeast fermentation. Wood items can also be transformed into Biofuels.<br> |
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<br>The gotten Biofuels from these products contains both [advantages](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) and disadvantages.<br> |
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<br>Advantages of Biofuels:<br> |
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<br>Ecological Benefits: The main expectation of utilizing the biofuel is to be carbon neutral, less of CO and Sulfur, as it is made from natural deposits, and it is sustainable and pure fuels so it is great for autos. It decreases the green home substantially [compared](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) to other [fossil fuels](https://www.pinterest.com.au/missionnewenergy/).<br> |
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<br>First generation biofuels can save carbon [emissions](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) about 60% compared to nonrenewable fuel sources whereas the 2nd generation biofuels are much better than very first generation fuels. It provides carbon emission cost savings as much as 80%. Recently, UK Government publication specified that biofuels can minimize emissions by 50-60%. Efficiency of the engine increases by utilizing biodiesel as the lubricant.<br> |
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<br>Economical: The [biofuel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price)'s rate reduces substantially if the [biofuel](https://www.businessnews.com.au/Company/Mission-NewEnergy) production technology [spreads worldwide](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608). The biofuels are established in your area which [instantly boosts](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) the rural development as the technology depends generally on manual power. The fast increase of [biofuel](https://stocktwits.com/symbol/MNEL) simultaneously increases the production of these oil crops which promotes the farming market. The UK federal government has announced that it reduces the tax for lorries which are environment-friendly. Additionally, the sturdiness of the engine increases while utilizing these combustible fuels in engines.<br> |
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<br>Renewability and Degradable: The biofuels are made from crops which are sustainable and it is biodegradable and safer to deal with and less harmful than [nonrenewable fuel](https://pitchbook.com/profiles/company/51278-86) sources.<br> |
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<br>Disadvantages of Biofuels:<br> |
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<br>Environmental Alarm: Adapting more lands for planting crops for [biofuel](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) extraction will got rid of more [environments](https://forest500.org/rankings/companies/mission-newenergy-limited). More forests have been ruined in Asian nations for the plantation. The producing system of these biodiesel undoubtedly needs fossil fuels which produces more carbon emissions. High initial investment is required for the [biodiesel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) production.<br> |
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<br>Odour: Certain biofuel crop produces heavy smell those smells are usually undesirable and biofuels plants can not be setup near the big communities.<br> |
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<br>Food and water Requirements: Some biofuel crops such as corn oil, [palm oil](https://www.google.com/search?kgmid=/m/0cqd_rb) are edible for cooking |
