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The non-renewability, ecological concerns and health risks connected with the fossil fuels has actually resulted in expedition of alternative sources of energy to replace the traditional ones. A promising technology, still in its infancy, that could reveal us the way to the future ahead is Biodiesels. Biodiesels are diesel fuels originated from grease or animal-fat that might be utilized to run diesel engines. [Vegetables oils](https://www.crunchbase.com/organization/mission-newenergy) like sunflower, rape seed, palm oil, soya bean, [jatropha curcas](https://www.businessnews.com.au/Company/Mission-NewEnergy) etc can be subjected to oil processing to produce biodiesels. It consists of no petroleum but can be combined with petroleum diesel for usage or could be used in its pure form.
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Developed nations particularly United States and European Countries have already made significant advances in the [Biodiesel](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) Technology. [Biodiesel](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) have actually found its use throughout industries and verticals and could emerge as a perfect cleaner and less expensive option to gas, diesel and fossil fuels. India has actually likewise started exploring the opportunities to produce and utilize bio-diesel. A number of plants for [biodiesel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) transesterification are already operating in the country where veggie oils are reacted with alcohols (ethanol or methanol normally) to produce bio-diesel.
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The primary reason for the increasing need for biodiesels is the truth that biodiesels are eco-friendly and carbon-neutral, therefore having no net effect on the climate. Besides, bio-diesel runs in compression engines much like regular petroleum diesel and for this reason can be used with little or no engine adjustments. [Biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) do not need any separate infrastructure for its storage and can be saved much like the petroleum based fuels.
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Considering the growing energy demand in the country, rising petroleum prices and the ecological hazards of [nonrenewable fuel](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) sources, the Indian Government has taken up initiatives to establish the Bio Diesel Technology in India and set up more oil processing systems. The Government announced its 'National [Biofuel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) Policy' on 12 September 2008 which intends to fulfill 20% of India's diesel need with bio-fuels in the coming years.
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Globally, edible vegetable oils like sunflower, soya bean, rape seed, palm oil are utilized as the pre-dominant raw products for oil processing and biodiesel production however in India the maximum potential to produce biodiesels is from [Jatropha](https://www.zoominfo.com/c/mission-newenergy/346542889) oil - a non-edible one from the seeds of the [Jatropha curcas](https://www.zoominfo.com/c/mission-newenergy/346542889). The greatest benefit of using [jatropha curcas](https://www.pinterest.com.au/missionnewenergy/) as a [basic material](https://pitchbook.com/profiles/company/51278-86) is that this plant can be grown in huge amounts in wastelands all across [India requiring](https://stocktwits.com/symbol/MNEL) extremely little water in contrast to other [cash crops](https://stocktwits.com/symbol/MNEL). Once grown, the plant has a helpful life-span of numerous decades. The [jatropha curcas](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) seeds contain 40% oil and are thought about to be an outstanding source of bio-diesel. The Government of India has actually recognized 400,000 square kilometres of land appropriate for the [Jatropha](https://pitchbook.com/profiles/company/51278-86) cultivation in the country. India now
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A research study estimates that even if a blending initiative of 2% [jatropha curcas](https://www.google.com/search?kgmid=/m/0cqd_rb) based Biodiesel is attained in 2011-12, India will [conserve](https://stocktwits.com/symbol/MNEL) around Rs. 3000 crores. Besides, it will create 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 is taking steps to encourage the growing of [Jatropha](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) in India supplying free seeds, subsidized loans and other facilities. India requires to now reinforce its efforts to make the maximum usage of the Biodiesel Technology. Besides [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), the avenues for extracting [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) from veggie oils, fats, sunflower, rape seed oil and palm oil need to likewise be checked out. It will not just supply a response to the difficulty of Global Warming however might reduce our dependence on foreign oil and add to our own economy.
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