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Robust population explosion, reduced natural resources, imbalanced human food and animal fodder production, reduced fertile land, receding fossil fuel reserve, enhanced GHG, larger emission of flue gases etc have brought the world scientists and biotechnologists to the threshold of exploring alternative energy sources, clean environment and food security for all living beings. All major plant feedstock being used for generating bio-fuel, the world over trap solar energy to convert it into chemical energy photosynthetically. These crops require agricultural land for cultivation and the bio-fuel outcome is poor and time consuming. Algae is a group of simplest, photosynthetic micro-organisms growing in discrete environmental conditions varying from fresh water to marine water, sewage water to domestic waste water, rivers to eutrophicated ponds etc. The photo-synthetic output of algae is much more higher than other plants and they are capable of traping more solar energy and carbon dioxide. Algae are rich in photosynthetic produce like carbohydrates, lipids, fatty acids, proteins etc. because of which algae seems to be the most potential feedstock for biofuel production and is called green energy. Present book provides detailed information about algae bio-fuel through the reviews and research articles contributed by internationally recognized scientists. The book is comprised of 18 articles on the topics like 21st century algae biofuel, heterotrophic production of lutein from Chlorella, indigenous bio-fuel production from algae, production of transgenic stains of algae for biofuel production, macroalgae for biofuel : a myth or reality, bio-pigments, bio-remediation and biofuel, algal turf scrubbers, carbon market for algae biofuel, carbon neutral bio-fuel from algae, assessment of commodity chemical feedstock from algae, algae biomass production for biofuel, cultivation and harvesting of oil producing algae in hybrid pond system etc. This compendium will be a land mark for the scientists, researchers and students who are concerned about the new generation biofuel production, nutrient from algae for animals and poultry and will lead to the new era of algal biotechnology.