In current history biofuels such as biodiesel and bioethanol have become huge business all over the world. Many countries have actually taken an eager interest in their continued manufacture and use, including developing countries such as Brazil which is seen as a world leader in biofuel advancement. Even smaller countries such as the UK presently utilize around one and a half million litres of biofuel a year and objective to increase this three-fold within the next 10 years.

But wait, there's a problem.

There is however a considerable problem; with the boost in popularity of biofuels as has the level of criticism increased. From the "food versus fuel" argument, links to food cost boosts and impact of water resources to concerns over logging and loss of biodiversity there are installing obstacles for the fuel to overcome.
But there is want to be discovered in a variety of technologies broadly described as second generation biofuels. Such fuels are produced from sustainable feedstock instead of the typically editable crops used in first generation biofuels (sugarcane, corn etc.) therefore avoiding much of the concerns pointed out previously.

Expect the future

One such innovation is Algae Fuel, which can produce as much as three hundred times more oil per acre than traditional crops along with growing twenty to thirty times more quickly. As if these advantages weren't significant enough it is also possible to cultivate algae on traditionally unusable land such as land stricken by drought or consisting of really high levels of saline.
Another extremely promising fuel is Cellulosic Ethanol which is merely fuel produced from non-edible parts of plants (or indeed grasses and other plants that are inedible). This fuel source shares some advantages with Algae fuel such as high per-acre performance however has the distinct advantage that no special cultivation is needed. Cellulose is included in practically all plants growing across the world.

Or should that be expect today?

These might sound like science-fiction however the fact of the matter is that by 2008 the United States was already producing twelve million litres of fuel from cellulosic ethanol with production centers capable for producing an extra eighty million gallons annually in development.
There is much to be excited about in the Biofuel industry from both a business and eco-friendly viewpoint and continued growth especially in second generation technologies appears ensured. Such fast grown represents an amazing time for alternative energy production.
To keep up with the most recent developments and industry projections for alternative energy and biofuels it's suggested the reader postpone to professional biofuel market analysis.