​Biofuels will play a key role in the 21st century as the world faces two critical problems; volatile fuel prices and global climatic changes. Both of these are linked to the overdependence on the fossil fuels: petroleum, natural gas, and coal. Transportation is almost totally dependent on petroleum based fuels such as gasoline, diesel fuel, liquefied petroleum gas, and on natural gas. Despite a significant amount of research into biofuels, the field has not been able to replace fossil fuels. Recent advances will change this scenario. Extracting fuel from biomass has been very expensive...