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<br>Biofuels is the [appealing source](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) of energy for future fuel requirements. Biodiesel can be developed from growing plants which naturally contains oil namely [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 products can also be converted into Biofuels.<br> |
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<br>The obtained [Biofuels](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) from these items includes both benefits and disadvantages.<br> |
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<br>[Advantages](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) 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 eco-friendly and pure fuels so it benefits automobiles. It reduces the green house considerably compared to other fossil fuels.<br> |
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<br>First generation biofuels can conserve carbon emissions about 60% compared to fossil fuels whereas the 2nd generation biofuels are better than first generation fuels. It offers carbon emission cost savings approximately 80%. Recently, UK Government publication specified that biofuels can lower emissions by 50-60%. Efficiency of the engine increases by using [biodiesel](https://www.pinterest.com.au/missionnewenergy/) as the [lubricant](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).<br> |
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<br>Economical: The biofuel's cost decreases substantially if the biofuel production innovation spreads worldwide. The biofuels are [established locally](https://www.google.com/search?kgmid=/m/0cqd_rb) which the rural advancement as the technology depends generally on manual power. The quick boost of [biofuel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) at the same time increases the [production](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) of these oil crops which promotes the agricultural market. The UK government has announced that it minimizes the tax for [automobiles](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) which are environment-friendly. Additionally, the resilience of the engine increases while using these [combustible fuels](https://www.zoominfo.com/c/mission-newenergy/346542889) 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 much safer to deal with 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.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) extraction will tossed away more environments. More forests have actually been ruined in Asian countries for the plantation. The producing mechanism of these biodiesel certainly requires fossil fuels which produces more [carbon emissions](https://www.bloomberg.com/profile/company/MNELF:US). High initial financial [investment](https://forest500.org/rankings/companies/mission-newenergy-limited) is needed for the [biodiesel production](https://www.crunchbase.com/organization/mission-newenergy).<br> |
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<br>Odour: Certain biofuel crop produces [heavy odor](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) those smells are normally unwanted and biofuels plants can not be setup near the large neighborhoods.<br> |
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<br>Food and water Requirements: Some biofuel crops such as corn oil, palm oil are edible for cooking |
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