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Scientists are trying to make the algae farming process more cost-efficient by  finding algae proteins that can be used in nutritional products.
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Duke scientists making algae biofuel more viable

A Duke University professor was awarded a $5.2 million U.S. Department of Energy grant to explore algae biofuel as viable alternative energy source. The Duke-led Marine Algae Industrialization Consortium, comprised of both universities and energy companies, aims to lower the cost of algae oil.