Microalgae are very efficient solar energy converters and they
can produce a great variety of metabolites [20]. The culture of algae
can yield 30–50% oilOil supply is based on the theoretical
claims that 47,000–308,000 l/hectare/year of oil could be produced
using algae. The calculated cost per barrel would be only $20 using algae. The calculated cost per barrel would be only $20 [10].
Currently, a barrel of oil in the US Market is selling for over $100
per barrel. Despite all the claims and research dating from the early
1970s to date, none of the projected algae and oil yields has been
achieved