Microalgae are simple photosynthetic organisms that can be used to produce biodiesel. They grow rapidly using sunlight and carbon dioxide and can be cultivated in open ponds or enclosed photobioreactors. The microalgae are harvested and the oil is extracted, which can then be converted to biodiesel via transesterification. Additional co-products from biodiesel production include glycerol and omega-3 fatty acids. Microalgae represent a promising source of sustainable biofuel and other useful products.