Creating biofuel for airplanes with algae

"Japan's biotechnology company euglena is to start mass production of bio jet fuel and biodiesel out of algae and waste oil, with the aim of being the first company to fuel green commercial flights out of Japan. The [Yokohama refinery plant] can produce 125 kiloliters of bio jet fuel and biodiesel per year, and it plans to raise the production capacity to 250,000 kiloliters by 2025. The cost of biofuels, which has been one of the major obstacles to their commercialization, is expected to drop from the current 10,000 yen ($88.6) per liter to 100 yen by 2025. This will be close to the current price of petroleum-based jet fuel at about 70 yen. Mitsuru Izumo, euglena's chief executive, said he expected the demand to expand along with the growing Asian aviation industry. 'We want [low-cost carriers] and oversea flights to try using our biofuel,' particularly from Southeast Asia where bio jet fuel is still rare, he said... Biofuel is a renewable alternative to petroleum-based fuels that is made from algae . . . Euglena has the technology to grow a species of algae called "euglena," and makes its profits largely from the sale of related supplements, food products and cosmetics."