The potential of producing bio-fuel from microalgae has been recognized as an alternative to fossil fuels, especially under the form of liquid fuel (diesel, ethanol), which can be used in the transport sector. The use of microalgae as a biomass resource for production of biodiesel has drawn a lot of attention from researchers, governments and the private sector. To foster the development of microalgae as alternative fuel, the MED-ALGAE project will contribute to the establishment of a new value chain for the production of renewable energy based on microalgae which can secure sufficient quantity and quality of biodiesel. Microalgae by-products and related new business opportunities will also be identified by the project. Expected Results: • Review of the current state of the art concerning growth systems for production of microalgae • Production of biodiesel for quality testing • Identification of by-products from microalgae production with commercial potential • Assessment of the conditions for the establishment of microalgae biodiesel production and bio refinery plants in identified pilot areas • Valorisation of business opportunities for microalgae biodiesel production and resulting by-products