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In current history biofuels such as biodiesel and bioethanol have become big business all over the world. Many countries have actually taken a keen interest in their continued manufacture and use, including developing nations such as Brazil which is viewed as a world leader in biofuel development. Even smaller sized countries such as the United Kingdom presently utilize around one and a half million litres of biofuel a year and objective to increase this three-fold within the next 10 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" argument, links to food price increases and effect of to concerns over deforestation and loss of biodiversity there are installing obstacles for the fuel to get rid of.
But there is hope to be discovered in a range of innovations 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.) hence avoiding a lot of the issues discussed formerly.

Expect the future

One such technology is Algae Fuel, which can produce as much as three hundred times more oil per acre than traditional 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 drought or including really high levels of saline.
Another hugely promising fuel is Cellulosic Ethanol which is just sustain produced from non-edible parts of plants (or undoubtedly grasses and other plants that are inedible). This fuel source shares some benefits with Algae fuel such as high per-acre productivity however has the unique benefit that no special growing is needed. Cellulose is included in virtually all plants growing throughout the world.

Or should that be hope for the present?

These may sound like science-fiction however the truth 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 market from both a company and environmental point of view and continued development particularly in 2nd generation technologies seems guaranteed. Such fast grown represents an interesting time for alternative energy production.
To keep up with the most current developments and market projections for alternative energy and biofuels it's recommended the reader accept professional biofuel market analysis.