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I read an interesting article by Michael Totty in The Wall Street Journal entitled "Five Technologies That Could Change Everything". In this article he lists five new technologies like space-based solar power, carbon capture & storage, next generation biofuels such as cellulosic ethanol and algae biofuel that has the potential to change the world.
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A Hungarian technology, TBK Biodiesel, is using a process of "interestification" having ethyl acetate as a main reagent. The process yeilds 1.2 units of fuel for every 1 unit of feedstock (algae). It also eliminates the "glycerol glut" eliminating it as a waste stream. Talk about a money maker!
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