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<br>The non-renewability, environmental concerns and health threats related to the fossil fuels has resulted in exploration of [alternative sources](https://www.bloomberg.com/profile/company/MNELF:US) of energy to replace the traditional ones. An appealing innovation, still in its infancy, that could show us the way to the future ahead is Biodiesels. [Biodiesels](https://forest500.org/rankings/companies/mission-newenergy-limited) are [diesel fuels](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) obtained from vegetable oil or animal-fat that might be used to run diesel engines. Vegetables oils like sunflower, rape seed, palm oil, soya bean, [Jatropha](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) and so on can be subjected to oil processing to produce biodiesels. It contains no petroleum but can be mixed with petroleum diesel for usage or might be utilized in its pure type.<br> |
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<br>[Developed](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) countries specifically United States and European Countries have currently made significant advances in the [Biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) Technology. Biodiesel have discovered its use throughout industries and verticals and might emerge as an ideal cleaner and cheaper alternative to fuel, diesel and nonrenewable fuel sources. India has also started checking out the chances to produce and utilize bio-diesel. A variety of plants for biodiesel transesterification are already functioning in the country where veggie oils are [responded](https://pitchbook.com/profiles/company/51278-86) with alcohols (ethanol or methanol usually) to produce bio-diesel.<br> |
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<br>The primary reason for the increasing need for biodiesels is the truth that biodiesels are sustainable and carbon-neutral, hence having no net influence on the climate. Besides, bio-diesel runs in compression engines similar to regular petroleum diesel and thus can be utilized with little or no engine adjustments. Biodiesel do not need any separate facilities for its storage and can be stored much like the [petroleum based](https://www.bloomberg.com/profile/company/MNELF:US) fuels.<br> |
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<br>Considering the growing energy demand in the country, increasing petroleum costs and the environmental threats of fossil fuels, the Indian Government has used up efforts to develop the Bio Diesel Technology in India and set up more oil processing systems. The Government announced its 'National [Biofuel](https://www.businessnews.com.au/Company/Mission-NewEnergy) [Policy'](https://www.bloomberg.com/profile/company/MNELF:US) on 12 September 2008 which aims to meet 20% of India's diesel demand 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 utilized as the pre-dominant basic materials for oil processing and biodiesel production however in India the optimal potential to produce biodiesels is from [jatropha curcas](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) oil - a [non-edible](https://www.zoominfo.com/c/mission-newenergy/346542889) one produced from the seeds of the [Jatropha curcas](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/). The biggest benefit of using [Jatropha](https://pitchbook.com/profiles/company/51278-86) as a raw material is that this plant can be grown in substantial quantities in wastelands all across India requiring extremely little water in comparison to other money crops. Once grown, the plant has a useful life expectancy of several decades. 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 actually determined 400,000 square kilometres of land appropriate for the [jatropha curcas](https://forest500.org/rankings/companies/mission-newenergy-limited) growing in the country. India now<br> |
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<br>A study approximates that even if a blending effort of 2% [Jatropha](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) based Biodiesel is accomplished in 2011-12, India will around Rs. 3000 crores. Besides, it will produce around Rs. 5500 crores in the rural economy and aid in decrease of Green House Gas [emission](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) by 3 Million Metric Tonnes (MMT) every year. The federal government is taking steps to encourage the growing of [jatropha curcas](https://www.pinterest.com.au/missionnewenergy/) in India providing [totally free](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) seeds, subsidized loans and other facilities. India requires to now reinforce its efforts to make the max use of the Biodiesel Technology. Besides [jatropha curcas](https://www.investing.com/equities/mission-newenergy-ltd-company-profile), the avenues for extracting biodiesel from veggie oils, fats, sunflower, rape seed oil and palm oil should likewise be checked out. It will not just provide 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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