In current history biofuels such as biodiesel and bioethanol have ended up being industry around the world. Many nations have taken an eager interest in their continued manufacture and usage, consisting of developing nations such as Brazil which is seen as a world leader in biofuel development. Even smaller countries such as the United Kingdom currently 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 nevertheless a significant issue; with the boost in popularity of biofuels as has the level of criticism increased. From the "food versus fuel" argument, links to food rate boosts and effect of water resources to concerns over logging and loss of biodiversity there are mounting obstacles for the fuel to overcome.
But there is hope to be found in a range 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.) hence preventing much of the issues discussed previously.

Expect the future

One such technology is Algae Fuel, which can produce as much as 3 hundred times more oil per acre than standard crops along with growing twenty to thirty times quicker. 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 including really high levels of saline.
Another hugely promising fuel is Cellulosic Ethanol which is simply fuel produced from non-edible parts of plants (or undoubtedly yards and other plants that are inedible). This fuel source shares some benefits with Algae fuel such as high per-acre productivity however has the unique benefit that no unique growing is needed. Cellulose is included in almost all plants growing across the world.

Or should that be hope for the present?

These might seem like science-fiction but the fact of the matter is that by 2008 the United States was currently producing twelve million litres of fuel from cellulosic ethanol with production centers capable for producing an extra eighty million gallons each year in advancement.
There is much to be thrilled about in the Biofuel market from both a business and environmental viewpoint and continued development especially in 2nd generation technologies seems guaranteed. Such fast grown represents an interesting time for alternative energy production.
To keep abreast of the current advancements and industry projections for alternative energy and biofuels it's suggested the reader accept expert biofuel market analysis.