Producing biodiesel from algae has been touted as the most efficient way to make biodiesel fuel. The advantage being that the land requirement for growing the biodiesel is very small. Independent studies have demonstrated that algae is capable of producing 30 times more oil per acre than the current crops now utilized for the production of biofuels. Algae biofuel contains no sulfur, is non-toxic and highly biodegradable. Some species of algae are ideally suited to biodiesel production due to their high oil content, in excess of 50%, and extremely rapid growth rates.Algae BioFuels, a subsidiary of PetroSun Drilling, will be engaged in the research and development of algae cultivation as an energy source in the production of biodiesel. The R&D; and production facilities for Algae BioFuels will be based in Arizona and Australia.