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+<br>Biofuels is the promising source of energy for future fuel needs. [Biodiesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) can be established from growing plants which naturally includes oil namely [jatropha curcas](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/), palm oil, Soybean and algae. Bioethanol can be drawn out from sugar crops like sugarcane, sugar beet, maize, corn etc by yeast fermentation. Wood items can likewise be [transformed](https://www.pinterest.com.au/missionnewenergy/) into Biofuels.<br>
+<br>The acquired Biofuels from these items includes both advantages and drawbacks.<br>
+<br>Advantages of Biofuels:<br>
+<br>Ecological Benefits: The main expectation of using the [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) is to be carbon neutral, less of CO and Sulfur, as it is made from  deposits, and it is sustainable and pure fuels so it is great for vehicles. It reduces the green home considerably compared to other fossil fuels.<br>
+<br>First generation biofuels can save carbon [emissions](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) about 60% compared to nonrenewable fuel sources whereas the second generation biofuels are better than first [generation](https://www.zoominfo.com/c/mission-newenergy/346542889) fuels. It provides carbon emission [cost savings](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) as much as 80%. Recently, [UK Government](https://pitchbook.com/profiles/company/51278-86) publication mentioned that biofuels can lower emissions by 50-60%. Efficiency of the engine increases by utilizing [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) as the lubricant.<br>
+<br>Economical: The [biofuel](https://stocktwits.com/symbol/MNEL)'s price reduces significantly if the biofuel production technology spreads out worldwide. The biofuels are developed locally which automatically [enhances](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) the rural development as the technology depends mainly on manual power. The fast boost of [biofuel](https://www.google.com/search?kgmid=/m/0cqd_rb) all at once increases the production of these oil crops which stimulates the agricultural industry. The UK government has actually announced that it lowers the tax for vehicles which are environmentally friendly. Additionally, the resilience of the engine increases while using these combustible fuels in engines.<br>
+<br>Renewability and Degradable: The biofuels are made from crops which are renewable and it is biodegradable and more secure to handle and less dangerous than nonrenewable fuel sources.<br>
+<br>Disadvantages of Biofuels:<br>
+<br>Environmental Alarm: Adapting more lands for planting crops for biofuel extraction will threw away more environments. More forests have been ruined in Asian countries for the plantation. The producing mechanism of these [biodiesel](https://www.crunchbase.com/organization/mission-newenergy) certainly needs nonrenewable fuel sources which produces more carbon emissions. High initial financial investment is required for the [biodiesel](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) production.<br>
+<br>Odour: Certain biofuel crop produces heavy odor those smells are usually undesirable and biofuels plants can not be setup near the large communities.<br>
+<br>Food and water Requirements: Some [biofuel](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) crops such as corn oil, [palm oil](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) are edible for cooking
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