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With crude spiraling crude prices and depletion of fossil fuel stocks, we are on serious plank of energy crises in very near future. Worldwide everybody is looking for everlasting and sustainable source of raw material for energy conversion without affecting our mother earth.
Biofuels or the green fuels appear to be the possible and right answer as alternate to current fossil fuels. Biofuels made form lipids extracted from conventional crops may not a preferred choice as it will directly affect the human population and can ruin the economic balance.
However, Algae are being looked as the right choice for high-yielding, cost-effective and sustainable alternative source of Bio-fuels. Growing algae on commercial basis gives an opportunity for Renewable Energy option and Economic development of the country.