Have you seen the Exxon Mobil commercial where the scientist talks about researching algae for bio-fuels for thirty five years? Haven't come up with anything of real value yet.
Here is an interesting article that describes the life of an algal
bioprospector, or as we like to call ourselves phycoprospectors.
We at the BEST lab have prospected the North Florida region for
promising algae and have found several species that show promising
characteristics of fast growth and oil production. In addition, many
species were found growing in eutrophied habitats (i.e. sewage
treatment plants, creeks impacted by farm runoff, landfill leachate,
etc.) These algae have a two-fold role as bio-remediators and
bio-based product producers.
Looks like the National Renewable Energy Lab and UF's BioEnergy and
Sustainable Technologies Lab are on the same page.
Scott J. Edmundson