BusinessWeek - Plants such as algae that produce the fats used in biofuel not only can be grown locally but also spend most of their existence sucking up CO2. Commercial airlines, the U.S. Air Force, the Federal Aviation Administration, and NASA are all on board ... WHAT'S NEXT -- ENERGY बिओदीesel fuel for trucks, cars, and trains. energy crops, algae have "the potential to deliver 10 or 100 times more energy per acre," says Ron C. biodiesel from other plants is already a robust market. energy entrepreneurs such as Martin Tobias, CEO of Imperium Renewables in Seattle, which is armed with $145 million in venture capital and private equity funding. biodiesel] a month," says Chief Operating Officer Jonathan S. energy group E-On Hansa said it will build a $3.2 million pilot algae farm at its Hamburg power plant with support from the city government. biodiesel maker SGC Energia is investing in a $3 million pilot algae farm next to a power plant. enFuel Technologies in Cambridge, Mass., founded in 2004, quickly snared $20 million to create a business around its patented algae bioreactor. enFuel raised an additional $5.5 million to pursue a lower-cost approach. biofuels made from algae oil, says an article in the Sept. Fuels for Jet Engines." Plants such as algae that produce the fats used in biofuel not only can be grown locally but also spend most of their existence sucking up CO2.