The EU's governments have, it is clear, already decided that biofuel is one of the fuels of the future. Earlier this year, governments submitted to the European Commission national plans for renewable energy – and these suggest that industrial biofuel will represent up to 95% of renewable fuels used in the transport sector by 2020.

This is one policy that, even in these straitened times, member states are throwing their money behind, offering billions of euros per year in subsidies to companies that help them meet the 2020 targets.

This spells huge profits for producers of biofuel. They will be heavily subsidised to produce for a market that EU governments are determined to expand by 200% between now and 2020.

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