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<br>The non-renewability, environmental concerns and health dangers related to the nonrenewable fuel sources has caused exploration of alternative sources of energy to replace the conventional ones. An appealing innovation, still in its infancy, that could show us the way to the future ahead is Biodiesels. Biodiesels are diesel fuels derived from vegetable oil or animal-fat that might be used to run diesel engines. Vegetables oils like sunflower, rape seed, palm oil, soya bean, [jatropha curcas](https://forest500.org/rankings/companies/mission-newenergy-limited) and so on can be subjected to oil processing to produce biodiesels. It includes no petroleum however can be mixed with petroleum diesel for use or might be utilized in its pure kind.<br> |
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<br>Developed nations especially United States and European Countries have actually already made substantial advances in the Biodiesel Technology. [Biodiesel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) have discovered its use across industries and verticals and might become a perfect cleaner and cheaper option to fuel, diesel and nonrenewable fuel sources. India has actually also started exploring the chances to produce and use bio-diesel. A number of plants for biodiesel transesterification are currently functioning in the [country](https://www.bloomberg.com/profile/company/MNELF:US) where vegetable oils are reacted with alcohols (ethanol or methanol generally) to produce bio-diesel.<br> |
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<br>The primary reason for the increasing demand for biodiesels is the reality that biodiesels are [eco-friendly](https://stocktwits.com/symbol/MNEL) and carbon-neutral, thus having no net effect on the environment. Besides, bio-diesel runs in compression engines simply like typical petroleum diesel and hence can be used with little or no engine modifications. [Biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) do not require any separate facilities for its storage and can be saved similar to the [petroleum based](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) fuels.<br> |
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<br>Considering the [growing energy](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) demand in the nation, increasing petroleum costs and the environmental risks of nonrenewable fuel sources, the Indian Government has actually taken up initiatives to develop the Bio Diesel Technology in India and established more oil processing units. The Government announced its 'National [Biofuel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) [Policy'](https://stocktwits.com/symbol/MNEL) 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 oils like sunflower, soya bean, rape seed, palm oil are used as the pre-dominant raw materials for oil processing and biodiesel production however in India the maximum potential to produce biodiesels is from [jatropha curcas](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) oil - a non-edible one produced from the seeds of the [Jatropha curcas](https://forest500.org/rankings/companies/mission-newenergy-limited). The greatest benefit of using [Jatropha](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) as a basic material is that this plant can be grown in huge quantities in wastelands all throughout India requiring really little water in comparison to other cash crops. Once grown, the plant has a useful lifespan of a number of years. The [Jatropha](https://www.businessnews.com.au/Company/Mission-NewEnergy) seeds include 40% oil and are considered to be an exceptional source of bio-diesel. The [Government](https://www.google.com/search?kgmid=/m/0cqd_rb) of India has actually determined 400,000 square kilometres of land suitable for the [Jatropha](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) cultivation in the nation. India now<br> |
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<br>A study approximates that even if a mixing initiative of 2% [jatropha curcas](https://www.pinterest.com.au/missionnewenergy/) based Biodiesel is achieved in 2011-12, India will conserve around Rs. 3000 crores. Besides, it will produce around Rs. 5500 crores in the and aid in decrease of Green House Gas emission by 3 Million Metric Tonnes (MMT) every year. The government is taking steps to motivate the cultivation of [jatropha curcas](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) in India supplying totally free seeds, subsidized loans and other facilities. India needs to now reinforce its efforts to make the fullest usage of the [Biodiesel](https://www.pinterest.com.au/missionnewenergy/) Technology. Besides [Jatropha](https://www.businessnews.com.au/Company/Mission-NewEnergy), the avenues for extracting [biodiesel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) from [vegetable](https://www.google.com/search?kgmid=/m/0cqd_rb) oils, fats, sunflower, rape seed oil and palm oil need to likewise be checked out. It will not only provide an answer to the obstacle of Global Warming however might reduce our reliance on foreign oil and add to our own economy.<br> |
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