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<br>Biofuels is the [appealing source](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) of energy for future fuel needs. Biodiesel can be developed from growing plants which naturally includes oil particularly [Jatropha](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048), palm oil, Soybean and algae. Bioethanol can be extracted from sugar crops like sugarcane, sugar beet, maize, corn etc by yeast fermentation. Wood products can likewise be converted into Biofuels.<br> |
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<br>The acquired Biofuels from these items includes both [advantages](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) and downsides.<br> |
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<br>Advantages of Biofuels:<br> |
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<br>Ecological Benefits: The primary expectation of utilizing the [biofuel](https://www.google.com/search?kgmid=/m/0cqd_rb) is to be carbon neutral, less of CO and Sulfur, as it is made from [natural](https://www.bloomberg.com/profile/company/MNELF:US) resources, and it is sustainable and pure fuels so it is good for automobiles. It reduces the green home substantially compared to other fossil fuels.<br> |
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<br>First generation biofuels can conserve carbon emissions about 60% compared to nonrenewable fuel sources whereas the 2nd generation biofuels are better than first [generation](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) fuels. It uses [carbon emission](https://www.businessnews.com.au/Company/Mission-NewEnergy) savings up to 80%. Recently, UK Government publication specified that biofuels can [minimize emissions](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) by 50-60%. Efficiency of the engine increases by utilizing biodiesel as the lubricant.<br> |
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<br>Economical: The [biofuel](https://stocktwits.com/symbol/MNEL)'s rate decreases substantially if the [biofuel](https://stocktwits.com/symbol/MNEL) production technology spreads out worldwide. The biofuels are established in your area which immediately boosts the rural advancement as the innovation depends primarily on manual power. The fast boost of [biofuel](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) all at once increases the production of these oil crops which stimulates the farming market. The UK government has announced that it reduces the taxation for automobiles which are environmentally friendly. Additionally, the durability of the engine increases while using these flammable fuels in engines.<br> |
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<br>Renewability and Degradable: The biofuels are made from crops which are eco-friendly and it is naturally degradable and safer to manage and less harmful than fossil fuels.<br> |
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<br>Disadvantages of Biofuels:<br> |
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<br>Environmental Alarm: [Adapting](https://www.crunchbase.com/organization/mission-newenergy) more lands for planting crops for [biofuel](https://www.google.com/search?kgmid=/m/0cqd_rb) extraction will threw away more habitats. More [forests](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) have actually been ruined in for the plantation. The producing system of these [biodiesel](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) certainly needs nonrenewable fuel sources which produces more carbon emissions. High preliminary investment is needed for the [biodiesel](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) production.<br> |
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<br>Odour: Certain [biofuel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) crop produces heavy smell those odours are usually unwanted and biofuels plants can not be setup near the big 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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