Check the links in these previous answers.
Algae fuels cover a wide range of biofuels, and are often considered a ‘second-generation’ biofuel (corn ethanol and biodiesel being a ‘first-generation’ biofuel). If you think of the process of developing coal, oil or gas as one based around physics and chemistry- high levels of heat and pressure over long periods of time, algae fuels instead use biological reactions to create fuel.
The biological process of photosynthesis or chemosynthesis can be used by many organisms to produce fats and other byproducts that can be refined into biofuels. Their uses include electricity generation and automobile application, and a good survey of water-based algae fuels is below:
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