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The non-renewability, environmental issues and health dangers associated with the nonrenewable fuel sources has resulted in expedition of alternative sources of energy to replace the traditional ones. An appealing technology, still in its infancy, that could show us the way to the future ahead is Biodiesels. Biodiesels are diesel fuels obtained from vegetable oil or animal-fat that could be [utilized](https://www.zoominfo.com/c/mission-newenergy/346542889) to run diesel engines. [Vegetables oils](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) like sunflower, rape seed, palm oil, soya bean, [jatropha curcas](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) etc can be subjected to oil processing to produce biodiesels. It contains no petroleum but can be blended with petroleum diesel for usage or could be utilized in its pure form.
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[Developed countries](https://www.bloomberg.com/profile/company/MNELF:US) especially United States and European Countries have currently made considerable advances in the Biodiesel Technology. Biodiesel have discovered its use across markets and and could emerge as a perfect cleaner and less expensive option to petrol, diesel and fossil fuels. India has actually also begun exploring the chances to produce and use bio-diesel. A number of plants for biodiesel transesterification are already functioning in the nation where vegetable oils are responded with alcohols (ethanol or methanol usually) to produce bio-diesel.
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The primary factor for the increasing need for biodiesels is the truth that biodiesels are eco-friendly and carbon-neutral, thus having no net influence on the climate. Besides, bio-diesel runs in compression engines much like [typical petroleum](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) diesel and hence can be utilized with little or no engine modifications. Biodiesel do not need any different infrastructure 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 [threats](https://www.businessnews.com.au/Company/Mission-NewEnergy) of fossil fuels, the Indian Government has actually used up initiatives to establish the Bio Diesel Technology in India and set up more oil processing systems. The [Government revealed](https://pitchbook.com/profiles/company/51278-86) its 'National [Biofuel](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) [Policy'](https://www.pinterest.com.au/missionnewenergy/) on 12 September 2008 which aims to meet 20% of India's diesel need with bio-fuels in the coming years.
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Globally, edible veggie oils like sunflower, soya bean, rape seed, palm oil are used as the pre-dominant basic materials for oil processing and [biodiesel](https://www.pinterest.com.au/missionnewenergy/) production however in India the optimal potential to produce biodiesels is from [jatropha curcas](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) 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 benefit of using [jatropha curcas](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) as a raw product is that this plant can be grown in big amounts in wastelands all throughout India needing extremely little water in contrast to other money crops. Once grown, the plant has a beneficial lifespan of numerous years. The [jatropha curcas](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) seeds contain 40% oil and are thought about to be an exceptional source of bio-diesel. The Government of India has identified 400,000 square kilometres of land suitable for the [jatropha curcas](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) growing in the country. India now
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A study estimates that even if a mixing initiative of 2% [jatropha curcas](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) based Biodiesel is attained in 2011-12, India will save around Rs. 3000 crores. Besides, it will produce around Rs. 5500 crores in the rural economy and aid in [decrease](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) of Green House Gas emission by 3 Million Metric Tonnes (MMT) every year. The federal government is taking actions to encourage the growing of [jatropha curcas](https://www.businessnews.com.au/Company/Mission-NewEnergy) in [India offering](https://stocktwits.com/symbol/MNEL) totally free seeds, subsidized loans and other centers. India requires to now enhance its efforts to make the maximum usage of the Biodiesel Technology. Besides [Jatropha](https://pitchbook.com/profiles/company/51278-86), the avenues for extracting biodiesel from vegetable oils, fats, sunflower, rape seed oil and palm oil ought to likewise be explored. It will not only provide an answer to the challenge of [Global Warming](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) but might reduce our dependence on foreign oil and contribute to our own economy.
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