An article in Cnet.com "Venture to make algae fuel from coal plant emissions" mentions that a group is working on using excess CO2 from coal combustion to grow algae. The algae can then be utilized for power, biodiesel, or even fertilizer.
Algae sees like a promising feedstock source for biorenewable energy. Although no one seems to be using it for any large scale commercial projects, algae seems destined to be a major part of the renewable energy portfolio thanks to a large biomass yield.
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