This document discusses site selection considerations, technological challenges, and the economic analysis of algal biofuels production. Key factors in site selection include slope, proximity to CO2 and wastewater sources, and land availability and prices. Technological challenges include improving algal strain selection, lipid extraction methods, and refining processes. Production costs range from $0.80-101 per gallon of algae, and $2.50-25 per gallon of biodiesel. Algal biofuels production could provide environmental benefits like reducing emissions, and social benefits like job creation through private sector investment.