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Powering Canada With [Biofuel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) Energy!
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There is a growing concern nowadays for the environment, and numerous nations have actually taken the initiative to promote making use of [sustainable energy](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) to decrease humankind's effect on the planet. Canada is one such country taking the lead in green technologies, and utilizing biofuels is among the steps they have taken in turning into one of the in the consumption of [eco-friendly fuels](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).
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Biofuels are just liquid fuels produced from plant and animal materials. Because this matter is biodegradable, it is not only capable of [powering cars](https://www.crunchbase.com/organization/mission-newenergy) and heating homes, however the waste is then soaked up once again into the earth, nurturing new life able to supply future [eco-friendly](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) energy sources.
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Bioethanol, typically referred to as simply ethanol, is the most common [biofuel](https://stocktwits.com/symbol/MNEL) presently in production. Canada's federal government has actually taken note of ethanol's potential as an alternative renewable energy and created a plan requiring gas to consist of 5% ethanol by the end of this year. The plan would likewise need diesel fuels to consist of at least 2% ethanol by the end of 2012. As a matter of truth, the provincial federal government of Manitoba has actually taken a leadership function in the [biodiesel](https://www.google.com/search?kgmid=/m/0cqd_rb) market by producing mandates [requiring](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) similar percentages as those created by the federal government that will enter into result in 2010. This precedes the federal required by two years. [Manitoba](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) is known for its meadow lands, the crops that grow there, and the animals that graze upon these crops. The quantity of plant and animal materials readily available for the production of biofuels is fantastic. Manitoba has inspired the provincial federal [government](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) of British Columbia to adopt similar techniques.
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The corporation of [Raven Biofuels](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) Limited was established to research study and establish innovations conducive to effective and [prolific usage](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) of biofuels throughout Canada, and they have actually identified British [Columbia](https://www.zoominfo.com/c/mission-newenergy/346542889) as a beginning point. [Joining](https://www.crunchbase.com/organization/mission-newenergy) Raven Biofuels International Corporation (RBIC), their goal is to pay RBIC a charge supplying them special rights to [biofuel](https://stocktwits.com/symbol/MNEL) [advancement](https://www.crunchbase.com/organization/mission-newenergy) in Canada. Their intent is to construct the very first commercial biorefinery and location it in Kamloops, British Columbia. Though it might seem as though a [monopoly](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) or trust would emerge from this collaboration, the objective is to set an example and to provide guidance to other potential business undertakings. Municipalities have partnered with British Columbia's provincial [federal government](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) to create the BC Bioenergy Strategy, which has already amassed $25 million to fund a [Biofuel](https://www.businessnews.com.au/Company/Mission-NewEnergy) [Network focused](https://www.crunchbase.com/organization/mission-newenergy) on advancing [biofuel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) energy technology not simply in British Columbia, but throughout Canada.
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