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Seattle-area start-up Bionavitas is one of several companies moving into the algae business. Because it doesn’t compete with food and has a high energy density, algae has a lot of potential as a source of biodiesel.

But it will take years before algae biodiesel will make a dent in the petroleum diesel market, said Bionavitas CEO and co-founder Michael Weaver.

So in the short term, the company is growing algae for alternative markets: oils for pharmaceuticals and waste water treatment.

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