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[Powering Canada](https://forest500.org/rankings/companies/mission-newenergy-limited) With [Biofuel](https://stocktwits.com/symbol/MNEL) Energy!
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There is a growing concern nowadays for the environment, and several [countries](https://www.zoominfo.com/c/mission-newenergy/346542889) have taken the effort to promote the use of [sustainable energy](https://www.businessnews.com.au/Company/Mission-NewEnergy) to [decrease humankind's](https://www.google.com/search?kgmid=/m/0cqd_rb) impact on the planet. Canada is one such nation taking the lead in green technologies, and using biofuels is among the actions they have actually taken in ending up being one of the [world's leaders](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) in the usage of environmentally friendly fuels.
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Biofuels are merely liquid fuels produced from plant and animal materials. Because this matter is naturally degradable, it is not only capable of powering cars and heating homes, but the waste is then soaked up once again into the earth, supporting brand-new life able to supply future renewable energy sources.
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Bioethanol, [frequently referred](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) to as just ethanol, is the most common [biofuel](https://www.zoominfo.com/c/mission-newenergy/346542889) currently in production. Canada's federal government has remembered of ethanol's potential as an alternative [renewable resource](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) and developed a [strategy requiring](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) fuel to contain 5% ethanol by the end of this year. The strategy would likewise need diesel fuels to include a minimum of 2% [ethanol](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) by the end of 2012. As a matter of reality, the provincial government of Manitoba has actually taken a [management role](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) in the [biodiesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) market by developing mandates requiring similar portions as those developed by the federal government that will enter into effect in 2010. This precedes the federal mandate by 2 years. Manitoba is known for its grassy field lands, the crops that grow there, and the animals that graze upon these crops. The quantity of plant and animal products offered for the production of biofuels is [terrific](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608). Manitoba has actually influenced the provincial federal government of [British Columbia](https://www.crunchbase.com/organization/mission-newenergy) to adopt .
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The corporation of Raven Biofuels Limited was developed to research study and develop technologies conducive to efficient and prolific usage of biofuels throughout Canada, and they have identified British Columbia as a [starting](https://pitchbook.com/profiles/company/51278-86) point. Joining Raven Biofuels International Corporation (RBIC), their goal is to pay RBIC a fee supplying them exclusive rights to biofuel advancement in Canada. Their intent is to [construct](https://www.google.com/search?kgmid=/m/0cqd_rb) the very first [business biorefinery](https://www.bloomberg.com/profile/company/MNELF:US) and place it in Kamloops, British Columbia. Though it might seem as though a [monopoly](https://www.crunchbase.com/organization/mission-newenergy) or trust would emerge from this partnership, the objective is to set an example and to provide guidance to other possible commercial undertakings. Municipalities have partnered with British Columbia's provincial government to produce the [BC Bioenergy](https://www.businessnews.com.au/Company/Mission-NewEnergy) Strategy, which has actually currently gathered $25 million to fund a [Biofuel Network](https://www.pinterest.com.au/missionnewenergy/) concentrated on enhancing biofuel energy technology not simply in British Columbia, however throughout Canada.
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