The rapid increase in the demand for fuel energy has encouraged the scientific community worldwide to search for more reliable energy sources other than the conventional fuels. The biofuels hold a promising future to sustain the equilibrium between demand and supply of the energy. The competition of the first generation biofuels with the livestock feed gave rise to second generation of biofuels, wherein there was no need for compromising on the side of food resources [1-4]. The yield and efficiency of the second generation biofuels was required to increase to meet the demand. This gave rise to the third generation of biofuels, where both the problems were attempted to solve. The primary stock of the third generation is the microalgae. The growth of algae is not subjected to specificity of place or time of the year. This unique property is an added advantage for algae based fuels for continuous production throughout the years. Although algae provide us with drastically high efficiency of yields and no binding on time and place of growth [5-7], competitive commercialization of algae biofuels is yet to be realized. Fuels derived from algae cost much more than its conventional counterparts. The main hurdle in its commercial viability is biological challenges [8-10]. Harnessing energy from algae implies benefitting from the biological properties