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<br>Biofuels is the appealing source of energy for future fuel requirements. [Biodiesel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) can be established from growing plants which naturally contains oil specifically [jatropha curcas](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html), palm oil, Soybean and algae. Bioethanol can be extracted from like sugarcane, sugar beet, maize, corn and so on by yeast fermentation. Wood products can also be converted into Biofuels.<br> |
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<br>The gotten Biofuels from these items includes both advantages and drawbacks.<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.investing.com/equities/mission-newenergy-ltd-company-profile) 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.pinterest.com.au/missionnewenergy/) for cars. It lowers the green house considerably compared to other fossil fuels.<br> |
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<br>First generation biofuels can conserve carbon emissions about 60% compared to fossil fuels whereas the 2nd generation biofuels are better than first generation fuels. It offers carbon emission cost savings approximately 80%. Recently, UK Government publication stated that biofuels can reduce emissions by 50-60%. Efficiency of the engine increases by using [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) as the lube.<br> |
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<br>Economical: The biofuel's price decreases considerably if the biofuel [production innovation](https://www.zoominfo.com/c/mission-newenergy/346542889) spreads worldwide. The biofuels are [established](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) in your area which instantly boosts the rural development as the [technology depends](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) generally on manual power. The quick increase of [biofuel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) simultaneously increases the production of these oil crops which promotes the farming market. The UK federal government has actually revealed that it minimizes the tax for cars which are environment-friendly. Additionally, the sturdiness of the engine increases while using these [combustible](https://www.crunchbase.com/organization/mission-newenergy) fuels in engines.<br> |
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<br>Renewability and Degradable: The biofuels are made from crops which are sustainable and it is eco-friendly and safer 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](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) extraction will discarded more environments. More forests have actually been damaged in [Asian nations](https://www.zoominfo.com/c/mission-newenergy/346542889) for the plantation. The producing mechanism of these [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) certainly needs nonrenewable fuel sources which produces more carbon emissions. High initial investment is required for the [biodiesel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) production.<br> |
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<br>Odour: Certain biofuel crop produces heavy odor those odours are normally unfavorable and biofuels plants can not be setup near the large communities.<br> |
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<br>Food and water Requirements: Some [biofuel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) crops such as corn oil, palm oil are edible for cooking |
