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<br>Biofuels is the of energy for future fuel requirements. [Biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) can be developed from growing plants which naturally contains oil namely [jatropha curcas](https://www.investing.com/equities/mission-newenergy-ltd-company-profile), palm oil, [Soybean](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) and algae. Bioethanol can be extracted from sugar crops like sugarcane, sugar beet, maize, corn and so on by yeast fermentation. Wood products can also be converted into Biofuels.<br> |
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<br>The obtained Biofuels from these items includes both benefits and downsides.<br> |
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<br>[Advantages](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) of Biofuels:<br> |
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<br>Ecological Benefits: The [primary expectation](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) of utilizing the biofuel is to be carbon neutral, less of CO and Sulfur, as it is made from natural resources, and it is renewable and pure fuels so it is good for vehicles. It decreases the green house significantly compared to other fossil fuels.<br> |
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<br>First generation biofuels can save carbon emissions about 60% compared to nonrenewable fuel sources whereas the second generation biofuels are better than very first generation fuels. It provides carbon emission cost savings up to 80%. Recently, UK Government publication mentioned that biofuels can decrease emissions by 50-60%. Efficiency of the engine increases by utilizing [biodiesel](https://www.zoominfo.com/c/mission-newenergy/346542889) as the lube.<br> |
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<br>Economical: The [biofuel](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html)'s cost decreases significantly if the biofuel production technology spreads worldwide. The biofuels are established locally which automatically enhances the rural advancement as the innovation depends primarily on manual power. The rapid increase of biofuel at the same time increases the production of these oil crops which promotes the farming market. The UK federal government has revealed that it reduces the tax for automobiles which are eco-friendly. Additionally, the toughness of the engine increases while using these combustible fuels in engines.<br> |
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<br>Renewability and Degradable: The biofuels are made from crops which are renewable and it is naturally degradable and much safer to deal with and less harmful than nonrenewable fuel sources.<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 extraction will tossed away more habitats. More forests have actually been destroyed in Asian nations for the plantation. The producing system of these [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) certainly requires nonrenewable fuel sources which produces more carbon emissions. High [preliminary financial](https://forest500.org/rankings/companies/mission-newenergy-limited) investment is required for the [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) production.<br> |
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<br>Odour: Certain [biofuel](https://www.crunchbase.com/organization/mission-newenergy) [crop produces](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) heavy odor those smells are normally unfavorable and biofuels plants can not be setup near the large neighborhoods.<br> |
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<br>Food and water Requirements: Some biofuel crops such as corn oil, palm oil are edible for cooking |
