Researchers from Australia's Commonwealth Scientific and Industrial Research Organisation (CSIRO) recently released a paper assessing the "the greenhouse gas, costs and energy balance on a life cycle basis for algae grown in salt water ponds and used to produce biodiesel and electricity". They considered a design scenario of an algal cultivation system based on Australian conditions, and subsequent processing of the algal biomass into biodiesel by conventional chemical methods. Results showed that it is possible to produce algal biodiesel "at less cost and with a substantial greenhouse gas and energy balance advantage over fossil diesel". The value of the biodiesel in economic and carbon terms may also be maximized by co-locating the algal production facility into a power grid and use the biodiesel for electrical power generation. Full access of the CSIRO report can be made at the CSIRO website (URL above)..