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The non-renewability, ecological concerns and health risks connected with the nonrenewable fuel sources has [caused expedition](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) of alternative sources of energy to replace the standard ones. A promising technology, still in its infancy, that could reveal us the way to the future ahead is Biodiesels. Biodiesels are diesel fuels derived from grease or animal-fat that could be utilized to run diesel engines. Vegetables oils like sunflower, rape seed, palm oil, soya bean, [jatropha curcas](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) etc can be subjected to oil processing to produce biodiesels. It consists of no petroleum but can be combined with petroleum diesel for use or might be utilized in its pure form.
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[Developed nations](https://www.crunchbase.com/organization/mission-newenergy) specifically United States and European Countries have already made significant [advances](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) in the Biodiesel Technology. Biodiesel have actually found its use throughout markets and verticals and might become an ideal cleaner and less expensive alternative to fuel, diesel and fossil fuels. India has actually likewise started exploring the opportunities to produce and use bio-diesel. A variety of plants for biodiesel transesterification are already [functioning](https://www.crunchbase.com/organization/mission-newenergy) in the nation where veggie oils are reacted with (ethanol or methanol normally) to produce bio-diesel.
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The main reason for the increasing demand for biodiesels is the fact that biodiesels are renewable and carbon-neutral, hence having no net influence on the environment. Besides, bio-diesel runs in compression engines similar to regular petroleum diesel and for this reason can be utilized with little or no engine modifications. Biodiesel do not require any separate infrastructure for its storage and can be saved much like the petroleum based fuels.
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Considering the growing energy need in the nation, rising petroleum rates and the ecological dangers of nonrenewable fuel sources, the Indian Government has actually taken up initiatives to [establish](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) the Bio Diesel Technology in India and established more oil processing units. The Government revealed its 'National [Biofuel](https://www.zoominfo.com/c/mission-newenergy/346542889) Policy' on 12 September 2008 which aims to satisfy 20% of India's diesel demand with bio-fuels in the coming years.
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Globally, edible vegetable oils like sunflower, soya bean, rape seed, palm oil are used as the pre-dominant raw materials for oil processing and [biodiesel](https://www.businessnews.com.au/Company/Mission-NewEnergy) production but in India the [optimal capacity](https://www.bloomberg.com/profile/company/MNELF:US) to produce biodiesels is from [jatropha curcas](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) oil - a non-edible one produced from the seeds of the [Jatropha curcas](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price). The biggest advantage of utilizing [jatropha curcas](https://forest500.org/rankings/companies/mission-newenergy-limited) as a [raw product](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) is that this plant can be grown in huge amounts in wastelands all across India requiring very little water in contrast to other money crops. Once grown, the plant has a useful lifespan of numerous years. The [jatropha curcas](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) seeds include 40% oil and are considered to be an outstanding source of bio-diesel. The Government of India has determined 400,000 square kilometres of land ideal for the [jatropha curcas](https://www.zoominfo.com/c/mission-newenergy/346542889) [cultivation](https://www.businessnews.com.au/Company/Mission-NewEnergy) in the [country](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm). India now
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A [study estimates](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) that even if a mixing initiative of 2% [Jatropha](https://www.pinterest.com.au/missionnewenergy/) based Biodiesel is accomplished in 2011-12, India will save 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 federal government is taking steps to motivate the growing of [Jatropha](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) in India providing totally free seeds, subsidized loans and other centers. India needs to now strengthen its efforts to make the fullest use of the Biodiesel Technology. Besides [jatropha curcas](https://www.zoominfo.com/c/mission-newenergy/346542889), the avenues for extracting biodiesel from vegetable oils, fats, sunflower, rape seed oil and palm oil must also be explored. It will not only offer an answer to the obstacle of Global Warming however might decrease our reliance on foreign oil and add to our own economy.
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