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+<br>As per our [brand-new](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) research study report "Global [Biofuel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) Market Analysis", the international bio-fuel market will witness a fast development track from 2010 onwards in the [backdrop](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) of [depleting fossil](https://www.pinterest.com.au/missionnewenergy/) fuels and destruction of ecological conditions. It is anticipated that, the global bio-fuel market will grow at a CAGR of around 18% throughout 2010-2013. Further, lots of  throughout the world have been implementing necessary bio-fuel mix with the conventional fuel to more boost up the demand for [biofuel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/).<br>
+<br>Our research study suggests that, as the [increased usage](https://pitchbook.com/profiles/company/51278-86) of eco-friendly and alternative fuels can lead to significant [reductions](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) in the use of [petroleum-based](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) fuels
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