The word "biofuels" is correct and usable in written English.
You can use it to refer to renewable fuels derived from plants, algae, or other biological sources. For example, "The use of biofuels has become increasingly widespread in recent years."
The company also retains a Brazilian biofuels business but has halted all work on carbon capture and storage.
BP also argues that it is working hard to promote and develop biofuels, has an intensive energy efficiency programme in place and factors in a carbon price of $40 to all its projects.
A merger of environment and climate change research programs into the new National Environmental Science Program will save $21.7m, while funding for biofuels and algal technology – an innovation often promoted by environment minister Greg Hunt – has been cut by $5m.
Peder Holk Nielsen, chief executive of Novozymes, a company that manufactures enzymes and has interests in biofuels, said: "Let's be very clear on this.
A shortage of these could stifle the development of better catalysts for biofuels, lightweight alloys for cars and planes, and synthetic membranes that replicate photosynthesis.This diversity of demand inevitably means some materials have to come from abroad.
That is why, he explains, his firm is keen on alternative fuels.The current favourite is biofuels, typically made from renewable resources such as agricultural crops or waste.
There is no plausible scenario in which carbon emissions continue unchecked and the climate does not warm above today's temperatures.Good news we must useBad climate policies, such as backing renewable energy with no thought for the cost, or insisting on biofuels despite the damage they do, are bad whatever the climate's sensitivity to greenhouse gases.
A further sixth was spent on subsidising biofuels.
In the agency's most optimistic scenario, the OECD's biofuels consumption will rise 25-fold by 2030 but even then it will account for no more than 4% of worldwide transport-fuel consumption.The emerging combination of hydrogen fuel and fuel-cell engines may go further.
Car companies are equipping vehicles with "flex-fuel" capability, so they can run on either petrol or ethanol blends.All biofuels cost more than petrol, but some are egregiously wasteful.
As a result of yet another government distortion this time subsidies to biofuels in the rich world prices have gone through the roof.
