In current history biofuels such as biodiesel and bioethanol have actually become big business around the world. Many nations have actually taken an eager interest in their continued manufacture and usage, including establishing countries such as Brazil which is viewed as a world leader in biofuel advancement. Even smaller countries such as the United Kingdom currently utilize around one and a half million litres of biofuel a year and aim to increase this three-fold within the next ten years.

But wait, there's an issue.

There is nevertheless a considerable issue; with the increase in popularity of biofuels as has the level of criticism increased. From the "food versus fuel" argument, links to food price increases and impact of water resources to issues over logging and loss of biodiversity there are installing difficulties for the fuel to get rid of.
But there is want to be found in a range of technologies broadly described as second generation biofuels. Such fuels are produced from sustainable feedstock rather than the generally editable crops used in very first generation biofuels (sugarcane, corn etc.) therefore avoiding a number of the concerns discussed formerly.

Wish for the future

One such innovation is Algae Fuel, which can produce as much as 3 hundred times more oil per acre than conventional crops in addition to growing twenty to thirty times quicker. As if these benefits weren't significant enough it is likewise possible to cultivate algae on generally unusable land such as land stricken by dry spell or containing really high levels of saline.
Another extremely appealing fuel is Cellulosic Ethanol which is merely fuel produced from non-edible parts of plants (or certainly yards and other plants that are inedible). This fuel source shares some advantages with Algae fuel such as high per-acre performance but has the unique advantage that no special growing is needed. Cellulose is consisted of in virtually all plants growing across the world.

Or should that be hope for the present?

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 per year in development.
There is much to be excited about in the Biofuel market from both a company and ecological point of view and continued growth particularly in 2nd generation technologies appears ensured. Such fast grown represents an interesting time for alternative energy production.
To keep up with the most recent advancements and market forecasts for alternative energy and biofuels it's recommended the reader postpone to professional biofuel market analysis.