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BIOFUELS FOR TRANSPORTATION - page 11 / 38

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efficient approach.

It is expected that the combination of cellulosic biomass resources and next- generation biofuel conversion technologies will be able to fully compete with conventional gasoline and diesel fuel without subsidies within the coming decades. Various efforts are under way to estimate the anticipated costs for biofuels in the future as progress is made in reducing the costs of advanced next-generation biofuels. Figures 7 and 8 below summarize the results of an International Energy Agency study that estimated the costs of biofuels after the year 2010, comparing both first-generation and next-generation technologies for producing gasoline and diesel substitutes.

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