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Powering Canada With [Biofuel](https://www.zoominfo.com/c/mission-newenergy/346542889) Energy!
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There is a growing concern nowadays for the environment, and numerous nations have taken the initiative to promote using renewable resource to minimize mankind's effect on the planet. Canada is one such country taking the lead in green technologies, and utilizing biofuels is among the actions they have actually taken in becoming one of the world's leaders in the intake of environmentally friendly fuels.
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[Biofuels](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) are merely [liquid fuels](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) produced from plant and animal products. Because this matter is biodegradable, it is not just [capable](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) of powering vehicles and heating homes, but the waste is then absorbed when again into the earth, nurturing brand-new life able to [offer future](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) renewable energy sources.
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Bioethanol, typically referred to as just ethanol, is the most common [biofuel](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) presently in production. Canada's federal government has actually taken note of ethanol's potential as an alternative renewable resource and created a plan needing gasoline to contain 5% by the end of this year. The plan would likewise require diesel fuels to consist of a minimum of 2% ethanol by the end of 2012. As a matter of reality, the provincial government of [Manitoba](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) has actually taken a management function in the [biodiesel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) industry by developing requireds requiring similar percentages as those developed by the federal government that will go into impact in 2010. This precedes the federal required by two years. Manitoba is understood for its grassy field lands, the crops that grow there, and the [animals](https://pitchbook.com/profiles/company/51278-86) that graze upon these crops. The quantity of plant and animal materials available for the production of biofuels is great. Manitoba has actually [motivated](https://www.pinterest.com.au/missionnewenergy/) the [provincial government](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) of British Columbia to adopt comparable methods.
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The [corporation](https://www.crunchbase.com/organization/mission-newenergy) of Raven Biofuels Limited was developed to research and establish technologies favorable to [efficient](https://www.pinterest.com.au/missionnewenergy/) and prolific use of biofuels throughout Canada, and they have actually [recognized British](https://www.bloomberg.com/profile/company/MNELF:US) Columbia as a starting point. Joining Raven Biofuels International Corporation (RBIC), their goal is to pay RBIC a fee providing them special rights to [biofuel](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) advancement in Canada. Their intent is to build the first [commercial biorefinery](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) and location it in Kamloops, British Columbia. Though it may seem as though a [monopoly](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) or trust would emerge from this collaboration, the goal is to set an example and to supply guidance to other prospective commercial undertakings. [Municipalities](https://pitchbook.com/profiles/company/51278-86) have actually partnered with British Columbia's provincial federal government to create the [BC Bioenergy](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) Strategy, which has already garnered $25 million to fund a [Biofuel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) Network concentrated on furthering [biofuel](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) energy innovation not simply in British Columbia, but throughout Canada.
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