Microalgae, a variant of 3rd generation feedstock are gaining importance for biofuel production. The study implements the idea of strategic cultivation of Neochloris oleoabundans UTEX 1185 with concomitant CO2 sequestration for subsequent downstream processing of biomass constituents into biodiesel. Suitable physico-chemical parameters were determined in shake flask using single and multi-parameter (Taguchi model) optimization techniques for the improvement of biomass and lipid production. The biomass concentration and the lipid content were enhanced by cultivating the microalgae in bubble...