The biofuels industry has left the era of talking about "game-changing inventions" and entered "what one might call the really hard yards" of improving operational output, BP Biofuels CEO Philip New said during a keynote address at the World Biofuels Markets. "If we have grown out of the phase of hyping step-change innovations, we are now seeing innovation in the smaller things; the incremental improvements that mean the difference between business survival and failure," New said.