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<br>Biofuels is the [appealing source](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) of energy for future fuel needs. [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) can be established from growing plants which naturally of oil specifically [Jatropha](https://pitchbook.com/profiles/company/51278-86), palm oil, Soybean and algae. Bioethanol can be drawn out from [sugar crops](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) like sugarcane, sugar beet, maize, corn etc by yeast fermentation. Wood products can also be transformed into Biofuels.<br> |
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<br>The acquired Biofuels from these [products](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) consists of both benefits and disadvantages.<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.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) is to be carbon neutral, less of CO and Sulfur, as it is made from natural deposits, and it is sustainable and pure fuels so it benefits [vehicles](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). It lowers the green house substantially compared to other nonrenewable fuel sources.<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 much better than very first generation fuels. It offers carbon emission cost savings as much as 80%. Recently, UK Government publication stated that biofuels can lower emissions by 50-60%. Efficiency of the engine increases by utilizing [biodiesel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) as the lube.<br> |
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<br>Economical: The [biofuel](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048)'s cost decreases considerably if 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) production technology spreads worldwide. The biofuels are developed in your area which automatically improves the rural development as the innovation depends primarily on manual power. The rapid boost of [biofuel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) simultaneously increases the production of these oil crops which stimulates the farming industry. The UK government has revealed that it lowers the taxation for lorries which are environmentally friendly. Additionally, the sturdiness of the engine increases while utilizing 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 hazardous 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 extraction will discarded more environments. More forests have been damaged in Asian nations for the plantation. The [producing mechanism](https://forest500.org/rankings/companies/mission-newenergy-limited) of these [biodiesel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) indeed requires fossil fuels which produces more carbon emissions. High preliminary financial investment is required for the biodiesel production.<br> |
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<br>Odour: Certain [biofuel](https://www.businessnews.com.au/Company/Mission-NewEnergy) crop produces heavy smell those odours are generally undesirable and biofuels plants can not be setup near the big [neighborhoods](https://www.bloomberg.com/profile/company/MNELF:US).<br> |
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<br>Food and water Requirements: Some biofuel crops such as corn oil, palm oil are edible for cooking |
