Countries across the globe have considered and directed state policies toward the increased and economic utilization of biomass for meeting their future energy demands in order to meet carbon dioxide reduction targets as specified in the Kyoto Protocol as well as to decrease reliance and dependence on the supply of fossil fuels. Although biomass can be a huge source of transport fuels such as bioethanol, biomass is commonly used to generate both power and heat, generally through combustion. Ethanol is at present the most widely used liquid biofuel for motor vehicles [7] and [8].