A Plan to Make Fuel With Algae Paul Woods, chief executive of Algenol Biofuels, discusses his start-up's plan to scale up to 1 billion gallons of ethanol production a year by using algae to make fuel. MarketWatch's Steve Gelsi reports. (Sept. 24) A Plan to Make Fuel With Algae Paul Woods, chief executive of Algenol Biofuels, discusses his start-up's plan to scale up to 1 billion gallons of ethanol production a year by using algae to make fuel. MarketWatch's Steve Gelsi reports. (Sept. 24) Algenol Biofuels ethanol biofields green environment cost efficient Paul Woods energy Mexico algae sunlight solar