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<br>Biofuels is the promising source of energy for future fuel needs. [Biodiesel](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) can be developed from growing plants which [naturally](https://www.pinterest.com.au/missionnewenergy/) contains oil specifically [jatropha curcas](https://forest500.org/rankings/companies/mission-newenergy-limited), palm oil, Soybean and algae. Bioethanol can be extracted from sugar crops like sugarcane, sugar beet, maize, corn and so on by yeast fermentation. Wood items can also be converted into Biofuels.<br> |
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<br>The gotten Biofuels from these products contains both advantages and drawbacks.<br> |
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<br>Advantages of Biofuels:<br> |
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<br>Ecological Benefits: The main expectation of using the [biofuel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) 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 great for vehicles. It decreases the green house substantially compared to other nonrenewable fuel sources.<br> |
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<br>First generation biofuels can save carbon emissions about 60% compared to fossil fuels whereas the 2nd generation biofuels are better than first generation fuels. It uses carbon emission cost savings as much as 80%. Recently, UK Government publication mentioned that biofuels can reduce emissions by 50-60%. Efficiency of the engine increases by utilizing [biodiesel](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) as the [lubricant](https://www.crunchbase.com/organization/mission-newenergy).<br> |
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<br>Economical: The [biofuel](https://stocktwits.com/symbol/MNEL)'s rate reduces considerably if the [biofuel](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) production innovation spreads out worldwide. The biofuels are developed in your area which immediately enhances the rural development as the [technology depends](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) primarily on manual power. The rapid boost of [biofuel](https://stocktwits.com/symbol/MNEL) concurrently increases the production of these oil crops which promotes the agricultural market. The UK federal government has actually announced that it lowers the taxation for vehicles which are eco-friendly. Additionally, the [resilience](https://pitchbook.com/profiles/company/51278-86) 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 sustainable and it is eco-friendly and safer to manage and less hazardous than fossil fuels.<br> |
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<br> of Biofuels:<br> |
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<br>Environmental Alarm: Adapting more lands for planting crops for [biofuel](https://www.google.com/search?kgmid=/m/0cqd_rb) extraction will got rid of more habitats. More forests have been destroyed in Asian nations for the plantation. The producing system of these biodiesel certainly requires 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.investing.com/equities/mission-newenergy-ltd-company-profile) crop produces heavy odor those smells are generally unfavorable 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.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) such as corn oil, palm oil are edible for cooking |
