Current fossil-based transportation fuels will soon be rivalled by next-generation
biofuel composition derived from cellulosis feedstocks and algae, says Frost & Sullivan.
A newly published report from the analyst says cellulosic sources contribute towards second-generation biofuel composition, while algae is the third generation of the energy source.
The latter is not yet ready for widespread uptake, due to remaining obstacles relating to its production, Frost notes.
However, second-generation fuels are already close to being implemented on a large scale - and could have a significant impact on transportation.
Tomasz Kaminski, research analyst for Frost's Technical Insights service, comments: "Energy independence is the most prominent factor driving the development of next-generation biofuels."
He adds that this is particularly notable in the US, where rapid deployment of biofuels is helping to sate the appetite of the world's largest consumer market for oil.
Technical Insights is a Frost & Sullivan analysis group specialising in new technology trends, including patent registrations, research and development, and impact forecasting.
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