Well I think so. My boss suggested that I do PhD instead of just working as a RA. So I hope its all good. About projects, it's along list, but mostly interested in neurodegenerative disorders, especially the early events which are the triggers for progessive degeneration.
Biodiesel from algae is quite interesting. Hope it works for you. Best luck. Btw, have you looked into utilizing algae as nutrient rich food sources? Like for eg Spirulina? Or the effects of some important constituents of such algae on the transcriptome/proteome of developing tissues? Nutrition in developmental biology is a big money making "thing" in US these days.