Abstract

The major need for the economical development of any nation is to provide uninterrupted supply of energy to its increasing demand year-on-year. The worldwide scenario of declining petroleum reserve and the problem of environmental damage caused due to the emissions by petroleum fuels have created a focus on biofuels. At present, the algae fuel is considered as a third generation biofuel, as the source is non-edible and can been grown in any kind of water of any nature, even in waste and sea water, without the requirement of fertile land. Further, Algae has become a prominent feedstock to fulfill the growing demand for biofuels by virtue of its rich energy content, faster and high growth rate per unit cultivation area. But, still there are many practical challenges to implement the algae biofuel as a leading source of energy. This article provides an overview of the prospects and challenges of algae biofuel to become a futuristic, sustainable, renewable, and green energy fuel of the world.

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