An interesting research is underway in BISR - Birla Institute of Scientific Research in Jaipur, situated in the desert state of Rajasthan. Led by well-renowned scientists and with international collaborations, this premier Indian institute seems to be well on the road to setting up a plant for algal biodiesel production and CO2 sequestration. For those who want to know more about the research -
http://www.oilgae.com/blog/2010/10/alga ... -bisr.html. For those highly interested souls, there is a detailed version of an interview with one of the institute's scientists - Dr. Krishna Mohan which can be found at -
http://www.oilgae.com/blog/2010/10/2533.html