In spite of tremendous efforts and huge investments on resources, biodiesel from oleaginous microalgae has not yet become a commercially viable and sustainable alternative to petro-diesel. This is mainly because of the technological and economic challenges hovering around large scale cultivation and downstream processing of algae, water and land usage, stabilized production technology, market forces and government policies on alternative energy and carbon credits. This review attempts to capture and analyse the global trends and developments in the areas of biofuel and bio-product of microalgae and proposes possible strategies that can be adopted to produce biofuel, biochar and bio-products utilizing wastewater in a bio-refinery model. The strategies include "Zero waste discharge" concept with process integration, wherein microalgae is grown strategically using different wastewater combined with flue gas in cultivation system for simultaneous production of 'high-value-low-volume' product and 'low-value-high-volume' product with sharing of the remnant biomass to produce biochar. In addition, the CO2 present in the atmosphere is captured and sequestered long term in the form of biochar would help to attain carbon negativity, while remediating wastewater and balancing energy requirements. Therefore, "Zero waste discharge" concept holds the potential to make the process a sustainable one, while gaining on the carbon credits.
Keywords: Bio-products; Bio-refinery; Biochar; Biofuel; Microalgae; Process integration.
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