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<br>The non-renewability, ecological issues and health risks connected with the fossil fuels has caused exploration of alternative sources of energy to substitute the conventional ones. A promising innovation, still in its infancy, that could reveal us the method to the future ahead is Biodiesels. Biodiesels are diesel fuels originated from veggie oil or animal-fat that could be used to run diesel engines. Vegetables oils like sunflower, rape seed, palm oil, soya bean, [Jatropha](https://pitchbook.com/profiles/company/51278-86) and so on can be subjected to oil processing to produce . It consists of no petroleum but can be [combined](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) with petroleum diesel for usage or might be utilized in its pure form.<br> |
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<br>Developed countries particularly United States and European Countries have actually already made substantial advances in the [Biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) Technology. [Biodiesel](https://www.zoominfo.com/c/mission-newenergy/346542889) have found its use throughout markets and verticals and might become a perfect cleaner and cheaper option to petrol, diesel and fossil fuels. India has likewise started checking out the opportunities to produce and utilize bio-diesel. A variety of plants for [biodiesel](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) transesterification are currently working in the country where veggie oils are reacted with alcohols (ethanol or methanol normally) to produce bio-diesel.<br> |
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<br>The main reason for the increasing demand for [biodiesels](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) is the truth that biodiesels are renewable and carbon-neutral, therefore having no net influence on the environment. Besides, bio-diesel runs in compression engines much like [typical petroleum](https://stocktwits.com/symbol/MNEL) diesel and thus can be utilized with little or no engine modifications. [Biodiesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) do not need any separate infrastructure for its storage and can be saved similar to the petroleum based fuels.<br> |
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<br>Considering the growing energy need in the country, rising petroleum costs and the environmental hazards of nonrenewable fuel sources, 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 announced its 'National [Biofuel](https://stocktwits.com/symbol/MNEL) Policy' on 12 September 2008 which aims to meet 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 basic materials for oil processing and [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) production however in India the maximum potential to produce biodiesels is from [jatropha curcas](https://www.businessnews.com.au/Company/Mission-NewEnergy) oil - a non-edible one produced from the seeds of the [Jatropha curcas](https://www.google.com/search?kgmid=/m/0cqd_rb). The greatest benefit of using [Jatropha](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) as a basic material is that this plant can be grown in big amounts in wastelands all throughout India needing extremely little water in comparison to other cash crops. Once grown, the plant has a [beneficial](https://stocktwits.com/symbol/MNEL) lifespan of several years. The [jatropha curcas](https://www.pinterest.com.au/missionnewenergy/) seeds contain 40% oil and are thought about to be an excellent source of bio-diesel. The Government of India has determined 400,000 square kilometres of land appropriate for the Jatropha growing in the [country](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm). India now<br> |
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<br>A research study estimates that even if a blending initiative of 2% Jatropha based [Biodiesel](https://www.zoominfo.com/c/mission-newenergy/346542889) is accomplished in 2011-12, India will conserve around Rs. 3000 crores. Besides, it will create around Rs. 5500 crores in the rural economy and aid in decrease of Green House Gas emission by 3 Million Metric Tonnes (MMT) every year. The government is taking actions to encourage the cultivation of [jatropha curcas](https://www.crunchbase.com/organization/mission-newenergy) in India supplying totally free seeds, subsidized loans and other centers. India requires to now enhance its efforts to make the max use of the [Biodiesel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) Technology. Besides [jatropha curcas](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd), the opportunities for extracting [biodiesel](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) from vegetable oils, fats, sunflower, rape seed oil and palm oil ought to also be explored. It will not only supply an answer to the obstacle of Global Warming but might reduce our reliance on foreign oil and add to our own economy.<br> |
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