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The non-renewability, ecological issues and health threats related to the nonrenewable fuel sources has actually resulted in expedition of [alternative sources](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) of energy to substitute the conventional ones. A promising innovation, still in its infancy, that might show us the method to the [future ahead](https://stocktwits.com/symbol/MNEL) is Biodiesels. Biodiesels are diesel fuels stemmed from vegetable oil or animal-fat that might be [utilized](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) to run diesel motors. Vegetables oils like sunflower, rape seed, palm oil, soya bean, [Jatropha](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) etc can be subjected to oil processing to produce biodiesels. It consists of no petroleum however can be combined with petroleum diesel for usage or could be utilized in its pure kind.
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Developed nations particularly United States and European Countries have already made considerable advances in the [Biodiesel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) Technology. [Biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) have discovered its use throughout industries and verticals and could become an ideal cleaner and more affordable alternative to gas, diesel and fossil fuels. India has likewise started checking out the opportunities to produce and use [bio-diesel](https://www.bloomberg.com/profile/company/MNELF:US). A variety of plants for biodiesel transesterification are already functioning in the nation where veggie oils are reacted with alcohols (ethanol or methanol typically) to produce bio-diesel.
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The main factor for the increasing need for biodiesels is the truth that biodiesels are renewable and carbon-neutral, therefore having no net effect on the environment. Besides, bio-diesel runs in compression engines similar to typical petroleum diesel and hence can be used with little or no engine modifications. Biodiesel do not require any different facilities for its storage and can be kept similar to the petroleum based fuels.
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Considering the growing energy need in the nation, increasing petroleum prices and the environmental threats of fossil fuels, the Indian Government has actually used up initiatives to develop the Bio Diesel Technology in India and set up more oil processing systems. The Government revealed its 'National [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) Policy' on 12 September 2008 which aims to meet 20% of India's diesel demand with bio-fuels in the coming years.
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Globally, edible veggie oils like sunflower, soya bean, rape seed, palm oil are used as the pre-dominant basic materials for oil processing and biodiesel production but in India the maximum potential to produce biodiesels is from [jatropha curcas](https://www.zoominfo.com/c/mission-newenergy/346542889) oil - a non-edible one produced from the seeds of the [Jatropha curcas](https://www.pinterest.com.au/missionnewenergy/). The most significant benefit of utilizing [jatropha curcas](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) as a raw material is that this plant can be grown in huge quantities in wastelands all across India needing little water in comparison to other [money crops](https://pitchbook.com/profiles/company/51278-86). Once grown, the plant has a beneficial life expectancy of a number of years. 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) [seeds consist](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) of 40% oil and are thought about to be an exceptional source of bio-diesel. The Government of India has actually identified 400,000 square kilometres of [land suitable](https://www.crunchbase.com/organization/mission-newenergy) for the [jatropha curcas](https://www.zoominfo.com/c/mission-newenergy/346542889) growing in the nation. India now
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A research study approximates that even if a blending effort of 2% [Jatropha](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) 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 assistance in decrease of Green House Gas emission by 3 Million Metric Tonnes (MMT) every year. The [federal government](https://www.bloomberg.com/profile/company/MNELF:US) is taking steps to motivate the growing of [jatropha curcas](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) in India providing free seeds, subsidized loans and other centers. India needs to now strengthen its efforts to make the maximum usage of the Biodiesel Technology. Besides [jatropha curcas](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048), the opportunities for [drawing](https://www.bloomberg.com/profile/company/MNELF:US) out biodiesel from veggie oils, fats, sunflower, rape seed oil and palm oil ought to also be explored. It will not only supply an answer to the challenge of Global Warming however might reduce our dependence on foreign oil and add to our own economy.
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