I-CORE is a new Israeli government initiative that encourages collaborative science projects in various fields. The initiative includes a project focused on finding a channel for synthesizing fuel from materials like wood chips and algae, and connects 27 researchers from different institutes in Israel.

A new company from Tel Aviv called Univerve is working to turn algae, a natural substance, into third-generation renewable fuel. The company decided to focus on algae because they do not compete for food resources, land or potable water as do first- and second-generation biofuels such as sugarcane, corn or wood.

Israeli researchers are developing methods for growing and harvesting seaweed as a source of renewable energy. Not only can it be grown along coastlines, it can also clear the water of excessive nutrients caused by human waste or aquaculture.