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<br>Biofuels is the promising source of energy for future fuel needs. [Biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) can be developed from [growing plants](https://forest500.org/rankings/companies/mission-newenergy-limited) which naturally contains oil specifically [Jatropha](https://www.investing.com/equities/mission-newenergy-ltd-company-profile), palm oil, Soybean and algae. Bioethanol can be drawn out from sugar crops like sugarcane, sugar beet, maize, corn and so on by yeast fermentation. Wood products can likewise be converted into [Biofuels](https://www.pinterest.com.au/missionnewenergy/).<br> |
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<br>The acquired Biofuels from these items contains both advantages and downsides.<br> |
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<br>Advantages of Biofuels:<br> |
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<br>[Ecological](https://www.bloomberg.com/profile/company/MNELF:US) Benefits: The main expectation of utilizing the [biofuel](https://stocktwits.com/symbol/MNEL) 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 vehicles. It decreases the green house significantly compared to other fossil fuels.<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 cost savings as much as 80%. Recently, UK Government publication stated that biofuels can reduce emissions by 50-60%. Efficiency of the engine increases by utilizing [biodiesel](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) as the lube.<br> |
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<br>Economical: The [biofuel's rate](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) decreases significantly if the biofuel production technology spreads out worldwide. The biofuels are established locally which automatically improves the rural advancement as the innovation depends mainly on manual power. The rapid boost of biofuel at the same time increases the production of these oil crops which promotes the farming market. The UK federal government has actually revealed that it reduces the taxation for vehicles which are environmentally friendly. Additionally, the resilience of the engine increases while utilizing these combustible fuels in engines.<br> |
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<br>Renewability and Degradable: The [biofuels](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) are made from crops which are renewable and it is biodegradable and safer to deal with and less dangerous 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 discarded more habitats. More forests have been damaged in Asian countries for the plantation. The producing mechanism of these biodiesel undoubtedly needs [nonrenewable fuel](https://www.pinterest.com.au/missionnewenergy/) sources which produces more carbon emissions. High initial financial investment is required for the [biodiesel production](https://pitchbook.com/profiles/company/51278-86).<br> |
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<br>Odour: Certain biofuel crop produces [heavy smell](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) those odours are typically undesirable and [biofuels plants](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) can not be setup near the large [neighborhoods](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608).<br> |
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<br>Food and water Requirements: Some [biofuel crops](https://pitchbook.com/profiles/company/51278-86) such as corn oil, palm oil are edible for cooking |
