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The non-renewability, environmental concerns and health dangers connected with the fossil fuels has led to expedition of alternative sources of energy to replace the standard ones. An appealing technology, still in its infancy, that might show us the way to the future ahead is Biodiesels. Biodiesels are diesel fuels originated from vegetable oil or animal-fat that might be utilized to run diesel motors. Vegetables oils like sunflower, rape seed, palm oil, soya bean, [Jatropha](https://www.google.com/search?kgmid=/m/0cqd_rb) and so on can be subjected to oil processing to produce biodiesels. It consists of no petroleum however can be combined with petroleum diesel for use or could be used in its pure form.
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Developed nations particularly United States and European Countries have actually currently made significant advances in the [Biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) Technology. [Biodiesel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) have actually found its usage across industries and verticals and might become an ideal cleaner and less [expensive](https://www.google.com/search?kgmid=/m/0cqd_rb) option to petrol, diesel and [fossil fuels](https://www.bloomberg.com/profile/company/MNELF:US). India has also started checking out the opportunities to produce and use bio-diesel. A number of plants for biodiesel transesterification are already working in the country where veggie oils are responded with alcohols (ethanol or methanol normally) to produce bio-diesel.
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The main factor for the increasing need for biodiesels is the truth that biodiesels are sustainable and carbon-neutral, thus having no net influence on the environment. Besides, bio-diesel runs in compression engines just like regular petroleum diesel and for this reason can be used with little or no engine modifications. [Biodiesel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) do not require any different facilities for its storage and can be stored much like the petroleum based fuels.
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Considering the growing energy demand in the country, increasing petroleum prices and the ecological dangers of nonrenewable fuel sources, the Indian Government has actually used up efforts to develop the Bio Diesel Technology in India and more oil processing systems. The Government announced its 'National [Biofuel](https://stocktwits.com/symbol/MNEL) Policy' on 12 September 2008 which intends to fulfill 20% of India's diesel demand with [bio-fuels](https://www.businessnews.com.au/Company/Mission-NewEnergy) in the coming years.
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Globally, [edible veggie](https://www.zoominfo.com/c/mission-newenergy/346542889) oils like sunflower, soya bean, rape seed, palm oil are utilized as the pre-dominant raw materials for oil processing and [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) production but in India the maximum capacity to produce biodiesels is from [jatropha curcas](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) oil - a non-edible one produced from the seeds of the [Jatropha](https://www.google.com/search?kgmid=/m/0cqd_rb) [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 most significant benefit of utilizing [Jatropha](https://pitchbook.com/profiles/company/51278-86) as a basic material is that this plant can be grown in big amounts in wastelands all throughout India needing very little water in comparison to other cash crops. Once grown, the plant has a beneficial life expectancy of a number of years. The [jatropha curcas](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) seeds consist of 40% oil and are considered to be an exceptional source of bio-diesel. The Government of India has determined 400,000 square kilometres of land suitable for the [Jatropha](https://www.businessnews.com.au/Company/Mission-NewEnergy) cultivation in the country. India now
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A research study estimates that even if a mixing effort of 2% [jatropha curcas](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) based Biodiesel is accomplished in 2011-12, India will [conserve](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) around Rs. 3000 crores. Besides, it will produce around Rs. 5500 crores in the rural economy and aid in reduction of Green House Gas emission by 3 Million Metric Tonnes (MMT) every year. The federal government is taking actions to encourage the cultivation of [jatropha curcas](https://forest500.org/rankings/companies/mission-newenergy-limited) in India providing complimentary seeds, subsidized loans and other facilities. India requires to now enhance its efforts to make the fullest usage of the Biodiesel Technology. Besides [Jatropha](https://www.pinterest.com.au/missionnewenergy/), the opportunities for drawing out biodiesel from veggie oils, fats, sunflower, rape seed oil and palm oil must also be [checked](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) out. It will not only offer a response to the obstacle of Global Warming but could reduce our dependence on foreign oil and contribute to our own economy.
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