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<br>Biofuels is the appealing 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 established from growing plants which naturally includes oil particularly [jatropha curcas](https://forest500.org/rankings/companies/mission-newenergy-limited), palm oil, Soybean and algae. can be drawn out from sugar crops like sugarcane, sugar beet, maize, corn and so on by yeast fermentation. Wood products can also be converted into [Biofuels](https://www.bloomberg.com/profile/company/MNELF:US).<br>
<br>The acquired Biofuels from these products consists of both benefits and disadvantages.<br>
<br>Advantages of Biofuels:<br>
<br>Ecological Benefits: The main expectation of utilizing the biofuel 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](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) so it is great for automobiles. It lowers the green house considerably compared to other fossil fuels.<br>
<br>First generation [biofuels](https://pitchbook.com/profiles/company/51278-86) can save carbon emissions about 60% compared to fossil fuels whereas the 2nd generation biofuels are better than very first generation fuels. It provides carbon emission cost savings up to 80%. Recently, UK Government [publication](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) mentioned that biofuels can reduce 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](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/).<br>
<br>Economical: The biofuel's price reduces significantly if the biofuel production technology spreads out worldwide. The biofuels are established locally which immediately enhances the rural development as the innovation depends primarily on manual power. The [quick increase](https://www.bloomberg.com/profile/company/MNELF:US) of biofuel concurrently increases the production of these oil crops which stimulates the farming industry. The [UK government](https://www.pinterest.com.au/missionnewenergy/) has revealed that it minimizes the [taxation](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) for lorries which are environment-friendly. Additionally, the durability of the engine increases while utilizing these [flammable fuels](https://www.bloomberg.com/profile/company/MNELF:US) in engines.<br>
<br>Renewability and Degradable: The biofuels are made from crops which are sustainable and it is biodegradable and more secure to deal with and less harmful than fossil fuels.<br>
<br>[Disadvantages](https://forest500.org/rankings/companies/mission-newenergy-limited) of Biofuels:<br>
<br>Environmental Alarm: Adapting more lands for planting crops for [biofuel](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) extraction will [discarded](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) more environments. More [forests](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) have actually been ruined in Asian countries for the plantation. The producing mechanism of these biodiesel certainly needs fossil fuels which produces more carbon emissions. High [initial](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) financial investment is needed for the biodiesel production.<br>
<br>Odour: Certain biofuel crop produces heavy smell those odours are typically unfavorable and biofuels plants can not be setup near the big neighborhoods.<br>
<br>Food and water Requirements: Some biofuel crops such as corn oil, palm oil are edible for cooking
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