It has become increasingly obvious that sustainable energy is becoming more engaging owing to the eventual depletion of the world reserves of fossil resources of energy and to the increase of the greenhouse gas emissions. Numerous feedstocks are utilized to produce biofuels and biodiesel; however, it is vital that the production does not compete with food resources. Therefore, second generation biofuels produced from algal biomass, lignocellulosic material and waste oil are receiving much attention. Algae as a feedstock for biomass are not competitive with the food supply, their growth rate is faster compared to terrestrial plants and they do not require arable lands to be cultivated. Moreover, algal mass can be fractionated allowing the pr...