* Biofuels companies see regulation favoring new fuels
* Algae biofuel avoids CO2 hazards, but in early stages
* Asian countries moving ahead quickly on new fuels
Start-up biofuels companies say new regulations from Washington could have a big impact on which technologies prosper in a U.S. push for cleaner energy, and they are preparing to make their voices heard.
The Environmental Protection Agency unveiled on Tuesday a new draft Renewable Fuels Standard that accounts for overall carbon dioxide emissions, kicking off a long-awaited process that will let everyone involved have a say.
The well-established corn ethanol industry is particularly interested, but many involved in new fuel technologies insist the U.S. government should not seek to "pick winners" among them, but allow the most efficient and affordable to prosper.
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