BP Testing Two New Cellulosic Biofuels for Commercial Market by 2014.

In Florida, BP is testing two advanced biofuels that could be commercially available by 2014. The company is planting energy grasses to feed a 36 million gallon-a-year cellulosic ethanol plant planned in Florida.

The BP/DuPont joint venture (Butamax) biobutanol technology demonstration plant in Hull (England) is already operational and has produced biobutanol for some of the cars in the 2012 fleet.

According to BP, biofuels could account for 9 percent of global transport fuels used by 2030, up from 3 percent now. Drivers include climate-change targets in the U.S. and Europe, energy security concerns and the possibility the fuels may be a lucrative crop for ailing rural communities.