Microalgae are source of third generation biofuel having the key advantage of high lipid productivity. In recent times, biorefinery is seen as promising option to further reduce the production cost of microalgae biofuel. However, exact energy balance analysis has not been performed on important biorefinery routes. In this aspect, three biorefinery routes, all based on lipid based biorefinery route are evaluated for economical production of microalgal biofuel and valorised products. Biorefinery route 1 involves production of biodiesel, pigments, and animal feed. Biorefinery route 2 involves biogas and pigments production and two stage fermentation, and third biorefinery route involves bio-hydrogen and pigments production. Finally, the technoeconomic assessment of three biorefinery routes were reviewed, net energy savings, and life-cycle costing approaches to economize microalgal biorefinery are suggested.
