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<br>Biofuels is the of energy for future fuel needs. [Biodiesel](https://www.google.com/search?kgmid=/m/0cqd_rb) can be developed from growing plants which naturally contains oil namely [jatropha curcas](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/), palm oil, Soybean and algae. Bioethanol can be extracted from sugar crops like sugarcane, sugar beet, maize, corn and so on by yeast fermentation. Wood items can also be converted into Biofuels.<br> |
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<br>The gotten Biofuels from these items includes both benefits and disadvantages.<br> |
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<br>Advantages of Biofuels:<br> |
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<br>Ecological Benefits: The main expectation of utilizing the [biofuel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) 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 so it benefits 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 uses carbon emission cost savings as much as 80%. Recently, UK Government [publication](https://www.businessnews.com.au/Company/Mission-NewEnergy) mentioned that biofuels can lower emissions by 50-60%. Efficiency of the engine increases by using [biodiesel](https://www.bloomberg.com/profile/company/MNELF:US) as the lubricant.<br> |
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<br>Economical: The [biofuel](https://www.zoominfo.com/c/mission-newenergy/346542889)'s cost reduces significantly if the [biofuel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) production technology spreads out worldwide. The biofuels are developed locally which automatically improves the rural advancement as the technology depends generally on manual power. The quick boost of [biofuel](https://stocktwits.com/symbol/MNEL) concurrently increases the production of these oil crops which promotes the [farming market](https://www.bloomberg.com/profile/company/MNELF:US). The UK federal government has actually revealed that it lowers the tax for cars which are [environmentally friendly](https://pitchbook.com/profiles/company/51278-86). Additionally, the sturdiness of the engine increases while utilizing these flammable fuels in engines.<br> |
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<br>Renewability and Degradable: The biofuels are made from crops which are [eco-friendly](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) and it is naturally degradable and much safer to deal with and less dangerous 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.pinterest.com.au/missionnewenergy/) extraction will got rid of more habitats. More [forests](https://www.crunchbase.com/organization/mission-newenergy) have been destroyed in Asian countries for the plantation. The producing system of these [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) indeed needs nonrenewable fuel sources which produces more carbon emissions. High initial financial investment is required for the biodiesel production.<br> |
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<br>Odour: Certain [biofuel](https://stocktwits.com/symbol/MNEL) crop [produces heavy](https://www.bloomberg.com/profile/company/MNELF:US) smell those smells are typically unwanted and biofuels plants can not be setup near the large neighborhoods.<br> |
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<br>Food and water Requirements: Some [biofuel](https://www.pinterest.com.au/missionnewenergy/) crops such as corn oil, palm oil are edible for cooking |
