In current history biofuels such as biodiesel and bioethanol have become industry around the world. Many countries have actually taken an eager interest in their continued manufacture and use, including developing nations such as Brazil which is seen as a world leader in biofuel development. Even smaller sized countries such as the United Kingdom currently use around one and a half million litres of biofuel a year and objective to increase this three-fold within the next ten years.

But wait, there's a problem.

There is however 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 price 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 found in a variety of innovations broadly referred to as 2nd generation biofuels. Such fuels are produced from sustainable feedstock rather than the traditionally editable crops used in first generation biofuels (sugarcane, corn etc.) therefore preventing a lot of the problems mentioned previously.

Expect the future

One such technology is Algae Fuel, which can produce as much as 3 hundred times more oil per acre than traditional crops along with growing twenty to thirty times quicker. As if these benefits weren't significant enough it is also possible to cultivate algae on generally unusable land such as land stricken by dry spell or including really high levels of saline.
Another extremely promising fuel is Cellulosic Ethanol which is just fuel produced from non-edible parts of plants (or indeed turfs 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 unique growing is required. Cellulose is contained in almost all plants growing across the world.

Or should that be hope for the present?

These might sound 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 facilities capable for producing an additional eighty million gallons annually in development.
There is much to be delighted about in the Biofuel market from both a business and environmental viewpoint and continued growth particularly in second generation innovations seems guaranteed. Such fast grown represents an amazing time for alternative energy production.
To keep abreast of the newest developments and market forecasts for alternative energy and biofuels it's suggested the reader defer to professional biofuel market analysis.