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<br>Biofuels is the [appealing source](https://pitchbook.com/profiles/company/51278-86) of energy for future fuel [requirements](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). Biodiesel can be developed from growing plants which naturally includes oil specifically [jatropha curcas](https://www.pinterest.com.au/missionnewenergy/), palm oil, Soybean and algae. Bioethanol can be extracted from sugar crops like sugarcane, sugar beet, maize, corn etc by yeast fermentation. Wood products can also be converted into Biofuels.<br> |
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<br>The gotten Biofuels from these [products](https://www.zoominfo.com/c/mission-newenergy/346542889) contains both benefits and disadvantages.<br> |
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<br>Advantages of Biofuels:<br> |
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<br>Ecological Benefits: The [primary expectation](https://www.zoominfo.com/c/mission-newenergy/346542889) of using the [biofuel](https://www.zoominfo.com/c/mission-newenergy/346542889) is to be carbon neutral, less of CO and Sulfur, as it is made from [natural](https://pitchbook.com/profiles/company/51278-86) resources, and it is eco-friendly and pure fuels so it is great for vehicles. It decreases the green home substantially compared to other [nonrenewable fuel](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) sources.<br> |
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<br>First generation biofuels can conserve carbon emissions about 60% compared to nonrenewable fuel sources whereas the 2nd generation biofuels are much better than very first [generation](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) fuels. It provides carbon emission savings as much as 80%. Recently, UK Government publication stated that biofuels can decrease emissions by 50-60%. Efficiency of the engine increases by utilizing biodiesel as the lube.<br> |
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<br>Economical: The biofuel's price reduces considerably if the [biofuel](https://www.google.com/search?kgmid=/m/0cqd_rb) production technology spreads worldwide. The [biofuels](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) are developed locally which immediately improves the rural development as the technology depends generally on manual power. The quick increase of biofuel concurrently increases the production of these oil crops which promotes the farming industry. The UK government has actually announced that it minimizes the taxation for automobiles which are eco-friendly. Additionally, the resilience of the engine increases while using these combustible fuels in [engines](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm).<br> |
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<br>Renewability and Degradable: The biofuels are made from crops which are renewable and it is eco-friendly and more secure to handle and less harmful than fossil fuels.<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.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) extraction will discarded more habitats. More forests have been ruined in Asian nations for the plantation. The producing mechanism of these [biodiesel](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) certainly needs nonrenewable fuel sources which produces more carbon emissions. High preliminary investment is needed for the biodiesel production.<br> |
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<br>Odour: Certain [biofuel](https://www.crunchbase.com/organization/mission-newenergy) crop produces heavy smell those odours are generally unfavorable and biofuels plants can not be setup near the big [neighborhoods](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm).<br> |
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<br>Food and water Requirements: Some [biofuel](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) crops such as corn oil, palm oil are edible for cooking |
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