In current history biofuels such as biodiesel and bioethanol have become industry worldwide. Many countries have actually taken a keen interest in their continued manufacture and use, including establishing nations such as Brazil which is viewed as a world leader in biofuel advancement. Even smaller sized nations such as the UK presently 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 a problem.

There is nevertheless a substantial issue; with the boost in popularity of biofuels as has the level of criticism increased. From the "food versus fuel" debate, links to food rate increases and effect of water resources to concerns over deforestation and loss of biodiversity there are mounting obstacles for the fuel to overcome.
But there is wish to be found in a range of technologies broadly referred to as 2nd generation biofuels. Such fuels are produced from sustainable feedstock instead of the traditionally editable crops used in very first generation biofuels (sugarcane, corn etc.) thus avoiding a number of the issues 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 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 typically unusable land such as land stricken by dry spell or containing very high levels of saline.
Another hugely appealing fuel is Cellulosic Ethanol which is just sustain produced from non-edible parts of plants (or undoubtedly lawns and other plants that are inedible). This fuel source shares some advantages with Algae fuel such as high per-acre efficiency but has the distinct benefit that no unique cultivation is required. Cellulose is contained in almost all plants growing across the world.

Or should that be wish for today?

These may seem like science-fiction however the truth 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 additional eighty million gallons annually in development.
There is much to be thrilled about in the Biofuel industry from both a business and environmental viewpoint and continued growth especially in 2nd generation innovations appears ensured. Such quick grown represents an interesting time for alternative energy production.
To keep abreast of the most recent developments and market projections for alternative energy and biofuels it's suggested the reader defer to expert biofuel market analysis.