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<br>The non-renewability, environmental issues and [health threats](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) related to the fossil fuels has led to exploration of alternative sources of energy to replace the conventional ones. A promising innovation, still in its infancy, that might show us the way to the future ahead is Biodiesels. Biodiesels are diesel fuels originated from grease or animal-fat that could be utilized to run diesel motors. Vegetables oils like sunflower, rape seed, palm oil, soya bean, [Jatropha](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) and so on can be subjected to oil processing to produce biodiesels. It includes no petroleum but can be combined with petroleum diesel for usage or might be utilized in its pure kind.<br> |
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<br>Developed nations specifically United States and European Countries have already made considerable advances in the Biodiesel Technology. Biodiesel have discovered its usage throughout [industries](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) and verticals and could become a perfect cleaner and cheaper option to petrol, diesel and [nonrenewable fuel](https://www.bloomberg.com/profile/company/MNELF:US) sources. India has actually also begun exploring the opportunities to produce and utilize bio-diesel. A variety of plants for biodiesel transesterification are already working in the nation where veggie oils are responded with alcohols (ethanol or methanol generally) to produce bio-diesel.<br> |
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<br>The main reason for the increasing need for biodiesels is the fact that are renewable and carbon-neutral, therefore having no net effect on the climate. Besides, bio-diesel operates in compression engines just like [regular petroleum](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) diesel and for this reason can be utilized with little or no engine adjustments. [Biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) do not need any different facilities for its storage and can be saved simply like the petroleum based fuels.<br> |
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<br>Considering the growing energy need in the country, rising petroleum rates and the ecological dangers of fossil fuels, the Indian Government has actually taken up efforts to develop the Bio Diesel Technology in India and set up more oil processing units. The Government revealed its 'National [Biofuel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) Policy' on 12 September 2008 which aims to satisfy 20% of India's diesel need with bio-fuels in the coming years.<br> |
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<br>Globally, [edible veggie](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) oils like sunflower, soya bean, rape seed, palm oil are used as the pre-dominant raw products for oil processing and [biodiesel production](https://www.crunchbase.com/organization/mission-newenergy) however in India the maximum capacity to produce biodiesels is from [jatropha curcas](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) oil - a non-edible one produced from the seeds of the [Jatropha curcas](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). The biggest benefit of using [jatropha curcas](https://forest500.org/rankings/companies/mission-newenergy-limited) as a [raw product](https://www.google.com/search?kgmid=/m/0cqd_rb) is that this plant can be grown in big quantities in wastelands all throughout India requiring really little water in contrast to other cash crops. Once grown, the plant has a helpful lifespan of several years. The [jatropha curcas](https://www.businessnews.com.au/Company/Mission-NewEnergy) seeds consist of 40% oil and are thought about to be an exceptional source of bio-diesel. The Government of India has identified 400,000 [square kilometres](https://www.bloomberg.com/profile/company/MNELF:US) of land suitable for the [Jatropha](https://www.crunchbase.com/organization/mission-newenergy) cultivation in the country. India now<br> |
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<br>A study estimates that even if a blending initiative of 2% [jatropha curcas](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) based Biodiesel is attained in 2011-12, India will conserve around Rs. 3000 crores. Besides, it will produce around Rs. 5500 crores in the rural economy and help in reduction of Green House Gas emission by 3 Million Metric Tonnes (MMT) every year. The government is taking steps to [motivate](https://www.google.com/search?kgmid=/m/0cqd_rb) the cultivation of [jatropha curcas](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) in India offering totally free seeds, subsidized loans and other facilities. India requires to now strengthen its efforts to make the max use of the [Biodiesel](https://www.google.com/search?kgmid=/m/0cqd_rb) Technology. Besides [Jatropha](https://pitchbook.com/profiles/company/51278-86), the avenues for extracting biodiesel from veggie oils, fats, sunflower, rape seed oil and palm oil must also be explored. It will not just supply a response to the obstacle of Global Warming however might decrease our reliance on foreign oil and add to our own economy.<br> |
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