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10 Big Questions for Maverick Geneticist J. Craig Venter on America's Energy Future - Popular Mechanics

10 Big Questions for Maverick Geneticist J. Craig Venter on America's Energy Future - Popular Mechanics: "How do you plan to do that?
We're working on what we call second-, third- and fourth-generation fuels. Like corn-based ethanol, a first-generation biofuel, our second- and third-generation fuels start with sugar as the feedstock. But unlike it, we're making fuels that have very high energy content, don't mix with water and have very low freezing points—well under 100 degrees below centigrade. They have the potential of working in high-altitude aircraft.

And the fourth-generation fuels?
We're using a unique type of algae that we've genetically engineered to turn sunlight and CO2 into C8 and C10 and larger lipids. The people that initially grew algae viewed it as farming—you know, you grow a bunch of algae and then you harvest it. But it's totally different if the algae are chemical factories. Ours continuously secrete these molecules, so we get constant production of something that can basically be used right away as biodiesel."