Algae has the potential to partially replace fossil fuels as an energy source, but complete replacement would require significant technological advancements and infrastructure development. While biofuels can be claimed to be carbon neutral in theory, achieving true carbon neutrality depends on various factors including production methods, land use, and lifecycle emissions.
Biomass and biofuels derived from microalgae can be used in power production. Microalgae biofuels has high potential to replace fossil fuel for internal combustion engine. Electricity can be generated using microalgae in coal co-firing to mitigate greenhouse emission and reduce coal consumption. Algae-derived renewable diesels and jet fuels are drop-in fuels that directly replace petroleum fuels without modification of engines. They meet all the specifications for the petroleum fuel they replace. Algae cultivation on non-arable land allows it to produce biofuel while not competing with them for resources. Algae biofuel has many advantages over fossil fuels, including reduced greenhouse gas (GHG) emissions and carbon emissions. Because algae use carbon dioxide through photosynthesis, algae biofuel is carbon neutral. The CO2 produced by burning the fuel is the same amount of CO2 that the algae took to grow and produce the fuel. This means that the net CO2 emission is zero, the same as if the algae had never been grown. Biofuels are said to be carbon-neutral because the carbon dioxide that is absorbed by the plants is equal to the carbon dioxide that is released when the fuel is burned. This means it doesn't release any extra carbon dioxide into the atmosphere. Within the biospheric carbon cycle, bioenergy can be carbon neutral because the carbon that is released during combustion has previously been sequestered from the atmosphere and will be sequestered again as the plants regrow. Microalgae were found to be the largest renewable, clean energy resource with the potential to replace fossil fuels. Cultured microalgae in a photobioreactor could meet the biomass requirements for continuous biofuel generation in addition to repairing CO2 emissions and treating wastewater. It's estimated that under the right conditions, algae could produce up to 60 times more oil per acre than land-based plants. Since algae needs carbon dioxide to grow, it takes greenhouse gases out of the atmosphere, making it nearly carbon-neutral.