Biofuels - A Cleaner Future

'Microalgae are another important source for producing liquid fuels. These microorganisms use the sun's energy to combine carbon dioxide with water to create biomass more efficiently and rapidly than terrestrial plants. Oil-rich microalgae strains are capable of producing feedstock for biodiesel -- "green" diesel, gasoline, and jet fuel -- while mitigating the effects of carbon dioxide released from power plants.'

'Biofuel technology is still young, but it will expand exponentially over the next two decades as we get closer to the day when fossil fuels are exhausted. The market for alternative fuels will continue to grow at about 10% annually in the coming decades to replace one-third of transportation fuels. China and India are set to dominate Asia's alternative-fuel market.'

'India's total biodiesel requirement is projected to grow to between 4 million and 5 million tons by 2015. However, the market is still emerging and has a long way to go before it catches up with the global competitors. To reduce dependence on petroleum and coal, the International Energy Agency has set a goal of using biofuels to meet more than a quarter of world demand for transportation fuels by 2050.'

'Indonesia, China and Malaysia are dominant in biodiesel production, but India is likely to lead Asia's biodiesel growth, according to Lux Research's recent report, "Planning for the Long-term in Asia Pacific Alternative Fuel Markets."'

http://asia.nikkei.com/magazine/201...-Aminabhavi-Biofuels-promise-a-cleaner-future