While corn ethanol dominates the current biofuel market, the future of clean liquid-energy looks more likely to be found floating on ponds than growing in fields.
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George Santana, Greener Dawn
Relative amounts of land needed to be covered by fuel crops to generate enough supply for US use.
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Algae-derived biofuels have garnered a lot of attention and investment over the past year due to their potential market-disrupting economics, even if they have become more common in research labs.
“We estimate the pricing of our diesel products at as little as $30 per barrel,” says Bill Sims, CEO of Joule Biotechnologies, a bioengineering firm focusing on the renewable biofuels market. “The big prize is to be competitive with fossil fuels, not with other biofuels.”
How this should work you can read here ( Source ) : http://www.cnbc.com/id/36385242/Algae_Could_Grow_Into_A_Biofuels_Leader