This technology is probably the only biofuel technology I'm really excited about. Unlike E85, it doesn't use food crops, and although algae based programs don't compete directly with food crops, they still require fermentation of cellulose, or refining of algae produced oil to create fuel. More links here and here. Joule Biotechnologies website here. I've been thinking for a while that we should be able to extract CO2 from the atmosphere and produce fuel. Now Joule has gone and built something that might be able to do that.