Exhibit 8.1



LIST OF SUBSIDIARIES



|Australia | Mission NewEnergy Limited                                                                                 |                                                                                                          
|--------- | --------------------------------------------------------------------------------------------------------- | ---------------------------------------------------------------------------------------------------------
|          | Head Office                                                                                               |                                                                                                          
|          | Unit  B2, 431 Roberts Rd, Subiaco, Western
 Australia, 6008, Australia.                                   |                                                                                                          
|          |                                                                                                           |                                                                                                          
|Malaysia  | Mission Biofuels Sdn Bhd                                                                                  | Mission Biotechnologies Sdn Bhd                                                                          
|          | Unit 621, Block A, Kelana centre point, No. 3, 
Jalan ss7/ 19, Kelanajaya, 47301 Petaling Jaya,
 Selangor | Unit 621, Block A, Kelana centre point, 
No. 3, Jalan ss7/ 19, Kelanajaya, 47301 
Petaling Jaya, Selangor
|          |                                                                                                           |                                                                                                          
|Mauritius | Mission Agro Energy Limited                                                                               |                                                                                                          
|          | 9th Floor Ebene Tower                                                                                     |                                                                                                          
|          | 52 Cybercity                                                                                              |                                                                                                          
|          | Ebene                                                                                                     |                                                                                                          
|          | Republic of Mauritius                                                                                     |                                                                                                          
|          |                                                                                                           |                                                                                                          
|India     | Mission Biofuels (India) Pvt Limited                                                                      | Mission Agro Diesel (India) Pvt Limited                                                                  
|          | Shops nos. 1,2 and 3                                                                                      | 608 Powai Plaza,                                                                                         
|          | Sun heights, Ground floor                                                                                 | Hiranandani  Business Park                                                                               
|          | Gandhingar bridge                                                                                         | Powai, Mumbai - 400076,                                                                                  
|          | Adishankaracharyya Marg                                                                                   | India                                                                                                    
|          | Powai, Mumbai                                                                                             |                                                                                                          
|          | Maharashtra                                                                                               |                                                                                                          
|          | India, 400 076                                                                                            |