The current economic and political factors-recession, national instability in areas like-middle east, wars and terrorism, uncooperative oil rich nations and so on, has led to the mass awareness of the necessity to shift reliance from oil which in turn has led to a surge among analysts in predicting a boost for and surge in biofuel research, development and availability. This has also led to a shift in the focus of stock market investors as is evident from recent stats which show that they are expecting better profitability to from biofuels and not from oil investments. A worldwide shift indicates that there exists a real possibility of biofuels supplying a major part-as high as 7% – of the world’s need for total transportation fuels by 2030 as demand for diesel and gasoline will dramatically slow down and all the major governments will continue to provide incentives to encourage the use of eco-friendly fuel.

Already, major actions are being taken by nations such as Brazil-which is world’s biggest producer of sugar derived ethanol; United States-which is world’s second largest biofuel producer and even European Union which has jumped on the bandwagon of biodiesel production -mostly from oils of rapeseed, soybean and palm.