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The non-renewability, ecological concerns and health risks related to the fossil fuels has actually led to expedition of alternative sources of energy to substitute the traditional ones. An [appealing](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) technology, still in its infancy, that might reveal us the way to the future ahead is Biodiesels. Biodiesels are diesel fuels originated from veggie oil or animal-fat that could be used to run diesel motors. Vegetables oils like sunflower, rape seed, palm oil, soya bean, [Jatropha](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) and so on 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 kind.
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Developed nations especially United States and European Countries have currently made significant advances in the Biodiesel Technology. [Biodiesel](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) have discovered its usage throughout industries and verticals and might emerge as a perfect cleaner and more affordable option to fuel, diesel and nonrenewable fuel sources. India has likewise begun checking out the chances to produce and use bio-diesel. A [variety](https://pitchbook.com/profiles/company/51278-86) of plants for are currently working in the nation where veggie oils are reacted with alcohols (ethanol or methanol normally) to produce bio-diesel.
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The main factor for the increasing demand for biodiesels is the truth that biodiesels are sustainable and carbon-neutral, thus having no net influence on the climate. Besides, bio-diesel operates in compression engines much like normal petroleum diesel and for this reason can be used with little or no engine modifications. Biodiesel do not require any different facilities for its storage and can be kept much like the petroleum based fuels.
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Considering the growing energy demand in the nation, increasing petroleum rates and the [environmental hazards](https://www.bloomberg.com/profile/company/MNELF:US) of fossil fuels, the Indian Government has actually taken up efforts to develop the Bio Diesel Technology in India and set up more oil processing systems. The Government revealed its 'National [Biofuel](https://www.crunchbase.com/organization/mission-newenergy) Policy' on 12 September 2008 which intends to satisfy 20% of [India's diesel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) 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 utilized as the pre-dominant raw materials for oil processing and [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) production but in India the maximum potential 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://pitchbook.com/profiles/company/51278-86) [jatropha curcas](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/). The most significant advantage of utilizing [jatropha curcas](https://www.businessnews.com.au/Company/Mission-NewEnergy) as a basic material is that this plant can be grown in substantial quantities in wastelands all across India needing extremely little water in [comparison](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) to other money crops. Once grown, the plant has a beneficial life expectancy of several years. The [Jatropha](https://www.pinterest.com.au/missionnewenergy/) seeds consist of 40% oil and are considered to be an outstanding source of bio-diesel. The Government of India has identified 400,000 square kilometres of land appropriate for the [Jatropha](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) cultivation in the country. India now
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A research study estimates that even if a mixing [initiative](https://pitchbook.com/profiles/company/51278-86) of 2% [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) based [Biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) is achieved in 2011-12, India will save around Rs. 3000 crores. Besides, it will create around Rs. 5500 crores in the rural economy and aid in decrease of Green House Gas emission by 3 Million Metric Tonnes (MMT) every year. The government is taking steps to encourage the cultivation of [jatropha curcas](https://www.crunchbase.com/organization/mission-newenergy) in India supplying totally free 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.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd), the opportunities for drawing out [biodiesel](https://www.pinterest.com.au/missionnewenergy/) from veggie oils, fats, sunflower, rape seed oil and palm oil need to likewise be checked out. It will not only provide an answer to the challenge of Global Warming however could reduce our dependence on foreign oil and contribute to our own economy.
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