Lignocellulosic biofuels are predicted by oil industry body CONCAWE [1] to reduce greenhouse gas emissions by around 90% when compared with fossil petroleum, in contrast first generation biofuels were found to offer savings of 20-70%

Biofuels or biodiesels are fuels that are, in essence, biodegradable and non-toxic. They are manufactured from vegetable oils, waste cooking oils, animal fats or tall oil (a by-product of the pulp and paper industry).