In recent history biofuels such as biodiesel and bioethanol have become huge company worldwide. Many countries have actually taken a keen interest in their continued manufacture and use, consisting of developing countries such as Brazil which is seen as a world leader in biofuel development. Even smaller countries such as the UK currently utilize 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 an issue.

There is however a substantial issue; with the increase in appeal of biofuels as has the level of criticism increased. From the "food versus fuel" dispute, links to food rate boosts and impact of water resources to concerns over deforestation and loss of biodiversity there are mounting challenges for the fuel to overcome.
But there is hope to be found in a variety of innovations broadly described as second generation biofuels. Such fuels are produced from sustainable feedstock rather than the traditionally editable crops used in very first generation biofuels (sugarcane, corn etc.) hence preventing a number of the concerns pointed out formerly.

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 in addition to growing twenty to thirty times quicker. As if these benefits weren't significant enough it is also possible to cultivate algae on traditionally unusable land such as land stricken by drought or including extremely high levels of saline.
Another hugely promising fuel is Cellulosic Ethanol which is merely fuel produced from non-edible parts of plants (or undoubtedly turfs and other plants that are inedible). This fuel source shares some advantages with Algae fuel such as high per-acre productivity however has the distinct advantage that no special cultivation is needed. Cellulose is contained in almost all plants growing across the world.

Or should that be wish for today?

These may sound like science-fiction but 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 facilities capable for producing an extra eighty million gallons per year in development.
There is much to be delighted about in the Biofuel market from both a company and eco-friendly viewpoint and continued development especially in second generation technologies seems guaranteed. Such fast grown represents an interesting time for alternative energy production.
To keep up with the most recent developments and industry forecasts for alternative energy and biofuels it's suggested the reader postpone to expert biofuel market analysis.