3 marine algae species indentified as "ideal for biofuels"

In Spain, a Chilean researcher at the Institute of Ocean Sciences at CSIC in Barcelona has narrowed down three species of marine algae that are common in most parts of the world as ideal for biofuel feedstock. Using existing production methods for algae however is unviable because compared to fossil diesel, the biomass production requires an extra 800 megajoules of energy in controlled areas and 115 megajoules in open seas.

However he has discovered a method which he says can produce the algaes in tanks of 1,000 liters that will be economically viable and only cost $361,854 to build.