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The non-renewability, environmental issues and health risks related to the fossil fuels has actually resulted in exploration of alternative sources of energy to substitute the standard ones. An appealing innovation, still in its infancy, that could show us the way to the future ahead is Biodiesels. Biodiesels are diesel fuels originated from grease or animal-fat that could be utilized to run diesel motors. [Vegetables oils](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) like sunflower, rape seed, palm oil, soya bean, [jatropha curcas](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) and so on can be subjected to oil processing to produce biodiesels. It consists of no petroleum but can be blended with petroleum diesel for use or could be used in its pure type.
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Developed countries specifically United States and European Countries have actually already made substantial advances in the [Biodiesel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) Technology. [Biodiesel](https://www.crunchbase.com/organization/mission-newenergy) have actually discovered its use throughout [industries](https://stocktwits.com/symbol/MNEL) and verticals and could emerge as an ideal cleaner and more affordable alternative to gas, diesel and nonrenewable fuel sources. India has actually also begun exploring the opportunities to produce and use bio-diesel. A number of plants for [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) transesterification are already functioning in the country where vegetable oils are reacted with alcohols (ethanol or methanol typically) to produce bio-diesel.
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The primary factor for the increasing demand for biodiesels is the reality that biodiesels are renewable and carbon-neutral, thus having no net effect on the environment. Besides, bio-diesel runs in compression engines much like typical petroleum diesel and for this reason 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 need any different facilities for its storage and can be like the petroleum based fuels.
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Considering the growing energy demand in the nation, increasing petroleum rates and the ecological dangers of fossil fuels, the Indian Government has actually taken up initiatives to develop the Bio Diesel [Technology](https://www.zoominfo.com/c/mission-newenergy/346542889) in India and established more oil processing systems. The Government revealed its 'National [Biofuel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) Policy' on 12 September 2008 which aims to satisfy 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](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) production however in India the maximum potential to produce biodiesels is from [Jatropha](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) oil - a non-edible one [produced](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) from the seeds of the [Jatropha curcas](https://www.zoominfo.com/c/mission-newenergy/346542889). The greatest [benefit](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) of using [Jatropha](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) as a raw material is that this plant can be grown in huge amounts in wastelands all across India needing really little water in comparison to other money crops. Once grown, the plant has a beneficial lifespan of a number of decades. The [Jatropha](https://www.google.com/search?kgmid=/m/0cqd_rb) seeds consist of 40% oil and are thought about to be an outstanding source of bio-diesel. The Government of India has recognized 400,000 square kilometres of land suitable for the [jatropha curcas](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) cultivation in the country. India now
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A research study approximates that even if a mixing effort of 2% [Jatropha](https://www.zoominfo.com/c/mission-newenergy/346542889) based [Biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) is attained in 2011-12, India will conserve around Rs. 3000 crores. Besides, it will create around Rs. 5500 crores in the rural economy and help in reduction of Green House Gas emission by 3 Million Metric Tonnes (MMT) every year. The government is taking steps to encourage the cultivation of [Jatropha](https://www.zoominfo.com/c/mission-newenergy/346542889) in India supplying free seeds, subsidized loans and other facilities. India requires to now reinforce its efforts to make the fullest usage of the Biodiesel Technology. Besides [Jatropha](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd), the opportunities for extracting biodiesel from vegetable oils, fats, sunflower, rape seed oil and palm oil must also be checked out. It will not just offer a response to the obstacle of Global Warming but could reduce our reliance on foreign oil and add to our own economy.
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