In current history biofuels such as biodiesel and bioethanol have actually ended up being industry worldwide. Many countries have taken a keen 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 nations such as the UK currently utilize around one and a half million litres of biofuel a year and goal to increase this three-fold within the next ten years.

But wait, there's a problem.

There is nevertheless a considerable problem; with the boost in popularity of biofuels as has the level of criticism increased. From the "food versus fuel" debate, links to food price increases and effect of water resources to issues over deforestation and loss of biodiversity there are mounting obstacles for the fuel to overcome.
But there is wish to be found in a variety of technologies broadly referred to as second generation biofuels. Such fuels are produced from sustainable feedstock instead of the generally editable crops used in first generation biofuels (sugarcane, corn etc.) thus avoiding a number of the problems pointed out 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 standard crops along with growing twenty to thirty times more rapidly. As if these advantages weren't significant enough it is likewise possible to cultivate algae on traditionally unusable land such as land stricken by dry spell or including very high levels of saline.
Another extremely appealing fuel is Cellulosic Ethanol which is just sustain produced from non-edible parts of plants (or certainly 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 special cultivation is needed. Cellulose is contained in practically all plants growing across the world.

Or should that be hope for the present?

These may sound like science-fiction but the reality 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 each year in development.
There is much to be excited about in the Biofuel industry from both a company and environmental perspective and continued growth particularly in second generation innovations seems ensured. Such fast grown represents an exciting time for alternative energy production.
To keep abreast of the most recent developments and market projections for alternative energy and biofuels it's recommended the reader defer to expert biofuel market analysis.