Shell to grow Algea for Oil
Algae is going primetime with Shell jumping on as the first major oil company to adopt it for diesel production. Not only does algae solve the problem of using land to produce fuel rather than food, an argument against biofuels, but algae produces oil that "can be readily be converted to diesel, and can be fed CO2 directly from smokestacks." Lastly, the green guys have such an efficient photosynthesis process that the first plant is slated to produce 15 times more oil per area than any other biofuel.
Hopefully we'll see more oil companies diving into new eco-friendly technologies to get us away from traditional fossil fuels.