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<br>Biofuels is the appealing source of energy for future fuel requirements. [Biodiesel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) can be developed from growing plants which naturally consists of oil particularly [jatropha curcas](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/), palm oil, Soybean and algae. Bioethanol can be [extracted](https://www.zoominfo.com/c/mission-newenergy/346542889) from [sugar crops](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) like sugarcane, sugar beet, maize, corn and so on by yeast fermentation. Wood products can likewise be converted into Biofuels.<br> |
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<br>The acquired Biofuels from these products consists of both benefits and downsides.<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.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) is to be carbon neutral, less of CO and Sulfur, as it is made from natural resources, and it is renewable and pure fuels so it is [excellent](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) for vehicles. It reduces the green house significantly compared to other nonrenewable fuel sources.<br> |
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<br>First generation biofuels can save carbon emissions about 60% compared to nonrenewable fuel sources whereas the 2nd generation biofuels are much better than first generation fuels. It offers carbon emission savings approximately 80%. Recently, UK Government publication specified that biofuels can by 50-60%. Efficiency of the engine increases by utilizing [biodiesel](https://www.crunchbase.com/organization/mission-newenergy) as the lubricant.<br> |
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<br>Economical: The [biofuel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd)'s cost decreases significantly if the biofuel production innovation spreads worldwide. The biofuels are established locally which instantly boosts the rural development as the innovation depends generally on manual power. The quick boost of biofuel simultaneously increases the production of these oil crops which promotes the agricultural market. The UK [government](https://www.crunchbase.com/organization/mission-newenergy) has actually announced that it minimizes the taxation for vehicles which are eco-friendly. Additionally, the durability of the engine increases while using these combustible fuels in engines.<br> |
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<br>Renewability and Degradable: The biofuels are made from crops which are renewable and it is naturally degradable and more secure to deal with and less harmful 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 extraction will got rid of more habitats. More forests have been ruined in Asian countries for the plantation. The producing system of these [biodiesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) indeed requires nonrenewable fuel sources which produces more carbon emissions. High preliminary financial investment is needed for the [biodiesel](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) production.<br> |
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<br>Odour: Certain [biofuel](https://www.businessnews.com.au/Company/Mission-NewEnergy) crop produces heavy odor those odours are generally unfavorable and biofuels plants can not be setup near the large neighborhoods.<br> |
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<br>Food and water Requirements: Some [biofuel](https://stocktwits.com/symbol/MNEL) crops such as corn oil, palm oil are edible for cooking |
