Photosynthetic green microalgae are eukaryotic microorganisms that can mitigate anthropogenic carbon dioxide and generate lipids as a feedstock for production of biodiesel. Biodiesel production may not, however, compete economically with fossil fuel sourced diesel, but obtaining additional value from the biomass left after lipid extraction has the potential to help make the overall process more cost-effective. This review focuses on these additional value-added options that obtain and utilize either whole lipid-extracted biomass (LEB), which typically constitutes 60%–70% of total cell mass, or specific non-biodiesel lipid components such as polyunsaturated fatty acids, carbohydrates, and proteins.