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<br>Biofuels is the appealing source of energy for future fuel needs. [Biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) can be [developed](https://www.abnnewswire.net/companies/en/31347/%E0%B8%9A%E0%B8%A3%E0%B8%B4%E0%B8%A9%E0%B8%B1%E0%B8%97-Mission-NewEnergy-%E0%B8%88%E0%B8%B3%E0%B8%81%E0%B8%B1%E0%B8%94.html/4) from growing plants which naturally consists of oil particularly [Jatropha](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](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) like sugarcane, sugar beet, maize, corn and so on by yeast fermentation. Wood items can likewise be converted into Biofuels.<br> |
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<br>The gotten Biofuels from these items includes both benefits and disadvantages.<br> |
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<br>Advantages of Biofuels:<br> |
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<br>Ecological Benefits: The primary expectation of using the [biofuel](https://stocktwits.com/symbol/MNEL) is to be carbon neutral, less of CO and Sulfur, as it is made from natural deposits, and it is eco-friendly and pure fuels so it is good for automobiles. It minimizes the green home substantially compared to other nonrenewable fuel sources.<br> |
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<br>First generation biofuels can save carbon [emissions](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) about 60% compared to fossil fuels whereas the 2nd generation biofuels are much better than first generation fuels. It provides carbon emission savings approximately 80%. Recently, UK Government publication mentioned that biofuels can lower emissions by 50-60%. Efficiency of the engine increases by using [biodiesel](https://www.crunchbase.com/organization/mission-newenergy) as the lubricant.<br> |
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<br>Economical: The [biofuel](https://stocktwits.com/symbol/MNEL)'s price decreases substantially if the biofuel production innovation spreads out worldwide. The [biofuels](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) are [developed locally](https://www.abnnewswire.net/companies/en/31347/%E0%B8%9A%E0%B8%A3%E0%B8%B4%E0%B8%A9%E0%B8%B1%E0%B8%97-Mission-NewEnergy-%E0%B8%88%E0%B8%B3%E0%B8%81%E0%B8%B1%E0%B8%94.html/4) which instantly improves the rural advancement as the technology depends mainly on manual power. The quick increase of [biofuel](https://stocktwits.com/symbol/MNEL) all at once increases the production of these oil crops which promotes the farming industry. The UK federal government has revealed that it minimizes the tax for cars which are environment-friendly. Additionally, the toughness of the engine increases while utilizing these flammable fuels in engines.<br> |
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<br>Renewability and Degradable: The biofuels are made from crops which are renewable and it is eco-friendly and safer to manage and less hazardous than nonrenewable fuel 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.businessnews.com.au/Company/Mission-NewEnergy) extraction will got rid of more environments. More forests have been ruined in Asian nations for the plantation. The producing system of these [biodiesel](https://www.google.com/search?kgmid=/m/0cqd_rb) certainly requires fossil fuels which produces more [carbon emissions](https://www.zoominfo.com/c/mission-newenergy/346542889). High initial financial investment is required for the [biodiesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) production.<br> |
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<br>Odour: Certain [biofuel](https://stocktwits.com/symbol/MNEL) crop smell those odours are normally undesirable and biofuels plants can not be setup near the large communities.<br> |
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<br>Food and water Requirements: Some [biofuel crops](https://www.abnnewswire.net/companies/en/31347/%E0%B8%9A%E0%B8%A3%E0%B8%B4%E0%B8%A9%E0%B8%B1%E0%B8%97-Mission-NewEnergy-%E0%B8%88%E0%B8%B3%E0%B8%81%E0%B8%B1%E0%B8%94.html/4) such as corn oil, palm oil are edible for cooking |
