To what scale though? Doubtful it's going to be enough for a replacement. Just as GP stated, the corn grown for ethanol is nothing more than an additive and it is quite easy to find fuel without it. It's a boondoggle and not any where close to being a fossil fuel replacement
Isn't that simply a matter of cost? It's pretty difficult to complete with pulling an energy dense material out of the ground.
If we were to globally tax oil extraction proportional to the actual cost of equivalent carbon capture I imagine biofuels would begin to look quite reasonable.
That said it seems to me that tying the energy and food supply together economically in such a direct manner is likely to have some deleterious effects on poor countries.