Relating to a biofuel, the invention provides novel environmental protection and energy saving biological alcohol oil, which is a biofuel with methanol as the main component. The novel environmental protection and energy saving biological alcohol oil of the invention is characterized by comprising, by weight percent: 75-95 parts of methanol, 0.2-1.0 part of an emulsifier, 0.01-0.5 part of ferrocene, and 5-25 parts of water. Characterized by complete combustion, high calorific value, stable performance, nonvolatility, low condensation point, difficult ignition, an ignition temperature higher than 200DEG C, no pressure, no explosion, and extinguishability by water in an accidental fire, the novel environmental protection and energy saving biological alcohol oil provided in the invention is nontoxic, odorless, smokeless and dust-free renewable green new energy, and has quality reaching the national primary standards of alcohol-based fuels.