Abstract

Fossil depletion is facing critical crisis due to its depletion reserves and increased environmental problems. The utilization of petroleum products by the dense population, urbanization of various geographical areas and industrialization has extremely affected the global economy. Fuels of biological origin such as ethanol, vegetable oil and various biomasses are gaining attention It is therefore important to develop alternative fuels in order to protect the global environment and also to focus on long-term supplies of conventional fuels. These biofuels have greater opportunity to promote agro-industrial development and productivity in large scale. Thus, it is necessary to improvise technology and develop resource sustainability focussing into the appropriate policies, production costing, yield, purity and efficiency creating health, wealth and benefit sharing to achieve a sustainable energy in future. The present review article focuses on the recent trends and researches carried out in liquid biofuel production and economy holding its future demand and utilization world-wide.

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