#Solid Biomass Feedstock

[poojagblog-blog]

Chicago, May 23, 2024 (GLOBE NEWSWIRE) -- The global Solid Biomass Feedstock Market size is expected to grow from USD 26.6 billion in 2024 to USD 36.2 billion by 2029, at a CAGR of 6.3% according to a new report by MarketsandMarkets™. Solid biomass feedstock refers to organic materials which are in solid state sourced from different sources such as agriculture, forestry, and organic waste, which can be utilized for energy production via combustion, gasification, or other conversion methods. These resources, are renewable and easily accessible, rendering them crucial for generating heat, electricity, and biofuels. Solid biomass feedstock serves as a cornerstone in the shift toward sustainable energy systems, providing a carbon-neutral substitute for fossil fuels and mitigating greenhouse gas emissions.

[tritonmarketresearch]

Biomass Power Market to Grow at CAGR of 6.08% from 2022 to 2028

Triton Market Research presents the Global Biomass Power Market report segmented by Application (Industrial, Commercial, Residential), by Feedstock (Municipal Solid Waste, Biogas, Liquid Biomass, Solid Biomass), by Technology (LFG, Co-firing & CHP, Gasification, Combustion, Anaerobic Digestion), by Geographical Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa), discussing Market Summary, Competitive Landscape, Market Drivers, Market Challenges, Market Opportunities, Industry Outlook, Research Methodology & Scope, and Global Market Size, Forecasts, & Analysis (2022-2028).

According to estimates from Triton Market Research, the Global Biomass Power Market is likely to grow with CAGRs of 6.08% (by revenue) and 6.51% (by volume) in the forecast period from 2022 to 2028.

Request Free Sample Report:

https://www.tritonmarketresearch.com/reports/biomass-power-market#request-free-sample

Growing environmental concerns regarding carbon emissions due to the increasing use of conventional fuels for power generation and transportation have resulted in nations across the world switching to cleaner and more effective energy sources. This, in turn, has shifted the focus on biomass for power generation, which is expected to benefit the global market growth.

Renewable power sources, such as wind and solar, act as substitute technologies for biomass power. Due to increased R&D, as well as the availability of financial incentives globally, these alternatives have emerged as superior options. This, however, has had a negative impact on the adoption of biomass for power generation, thus hampering the studied market’s growth.

The Asia-Pacific leads the global biomass power market, accounting for the highest revenue share in 2021. The availability of financial incentive schemes for the adoption of renewable power sources in a majority of the countries in this region is a key factor driving market growth. Also, the implementation of programs for cofiring biomass with coal-based power plants is anticipated to augment the studied market’s growth in this region.

Thermax Ltd, Suez SA, Orsted, Ramboll Group, Veolia Environnement SA, Xcel Energy Inc, Babcock & Wilcox Enterprises, Ameresco Inc, E.ON Energy, Mitsubishi Heavy Industries Ltd, Valmet Oyj, General Electric Company, and Vattenfall AB are some of the noteworthy players in the biomass power market.

The biomass power market is characterized by high capital investment. It requires the presence of high-end laboratories, technological expertise, and high capital cost for R&D, which act as a hindrance to new players aspiring to set foot into the market.

Besides, major global players, such as General Electric Company and Mitsubishi Heavy Industries Ltd, have a strong market presence and technical expertise in biomass power technologies and components, which helps them capture greater shares in the market. This enhances the industry rivalry among the companies operating in the biomass power market.

 Contact Us:

sales@tritonmarketresearch.com

Phone: +44 7441 911839

[industrynewsupdates]

Exploring the Latest Trends in Jet Fuel Procurement Intelligence

The jet fuel category is anticipated to grow at a CAGR of 8.4% from 2023 to 2030. The category is mainly driven by the rising focus on clean jet oil and the growing demand for air transportation services. Additionally, factors such as tightened supplies of crude oil (the U.S. stockpiles, and rising production cuts by OPEC countries) impacted the crude oil prices which is the raw material of jet fuel. Environmentally friendly aviation fuels of superior quality play a crucial role in minimizing CO2 emissions. Sustainable jet fuels exhibit emission levels in transportation, combustion, production, and distribution that are about 75% lower than those associated with fossil jet fuel. Sustainable aviation fuel (SAF) produced from municipal solid waste, woody biomass, and other feedstocks can significantly contribute to low CO2 emissions. Adoption of renewable oil results in a significant reduction, up to 90%, in hazardous particle emissions and a complete elimination of sulfur emissions.

The global category price was around USD 131.02/bbl in the last week of September 2023. According to the IATA Jet fuel price index, prices of the category have steadily declined in the quarter ended September 2023 as compared to the first quarter of 2023. The prices were down due to excess supply of jet fuel which was due to a production hike at the start of the year owing to the anticipation that demand would increase in the future. However, the demand has been stable but not in line with the supply surge. The possibility of a prolonged Russian ban on motor fuel exports, leading to a diesel shortage, boosted jet fuel prices in Europe. This situation could prompt refiners in the East of Suez region to prioritize diesel production over jet fuel.

The U.S., China, India, and Russia are the top jet oil-producing countries in the world. In July 2023 the U.S. output of the category was around 1,773.8 thousand barrels per day. India which is one of the best-sourcing countries for the category exported 208,433 barrels per day of aviation fuel as of June 2023. The global average export volume was 1.58 million barrels per day during Jan – Sept 2022, however, it went up to around 1.85 million barrels per day in the fourth quarter of 2022. Throughout 2022, there was a gradual demand recovery.

Order your copy of the Jet Fuel Procurement Intelligence Report, 2023 – 2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis

Sustainable aviation oils derived from renewable biomass and waste resources have the capacity to match the performance of conventional jet fuel made from petroleum, while significantly reducing the carbon footprint. This offers airlines a strong foundation for separating flight-related greenhouse gas emissions, marking a significant step towards environmental sustainability. Companies are continuously taking the initiative to produce eco-friendly fuels. For instance, in May 2023 Honeywell International announced new technology to produce lower-carbon aviation fuel from carbon dioxide and green hydrogen captured from industry, which would result in reduced greenhouse gas emissions from aviation.

Airlines are the primary buyers of the category in the industry. The bargaining power of buyers is moderate to high as airlines often negotiate with multiple suppliers to secure the best prices. However, the availability of substitutes is limited, and fuel is a significant portion of an airline's operating costs, giving suppliers some power.

Production of jet fuel has various cost components such as raw materials (crude oil), labor, machinery, transportation, marketing costs, taxes, and others. Raw material (crude oil) cost is the major component accounting for more than 40% of the total cost. The costs associated with refining are highly dependent on the price of raw materials. Fluctuations in prices of the category impact the airline industry.

When it comes to procuring jet fuel, the hybrid model stands out as a widely adopted approach, merging in-house efforts with comprehensive outsourcing services. Some businesses prefer a partial outsourcing strategy, outsourcing specific operations like refining and distribution. Conversely, having an internal team handle tasks ranging from crude oil extraction to refining and transportation can prove advantageous. Building robust partnerships with suppliers and maintaining the reliability and traceability of the supply chain are crucial factors in sourcing within this category.

Jet Fuel Procurement Intelligence Report Scope

• Jet Fuel Category Growth Rate: CAGR of 8.4% from 2023 to 2030

• Pricing growth Outlook: 4% - 5% (annual)

• Pricing Models: Volume based Pricing; Competition based pricing

• Supplier Selection Scope: Cost and pricing, volume, production capacity, geographical presence, and compliance

• Supplier selection criteria: Industry served, revenue generated, employee strength, geographical service provisions, years in service, key clients, certifications, type of fuel (aviation fuel/jet fuel/others), fueling capacity, shipping capacity, energy content, density, and others

• Report Coverage: Revenue forecast, supplier ranking, supplier matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model

Browse through Grand View Research’s collection of procurement intelligence studies:

• Fuel Oil Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

• Biodiesel Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

Key companies profiled

• Exxon Mobil

• Chevron

• Shell

• Valero Energy

• BP Plc

• Total Energies

• Neste

• Bharat Petroleum

• Honeywell International

• Allied Aviation

Brief about Pipeline by Grand View Research:

A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions.

Our services include (not limited to):

• Market Intelligence involving – market size and forecast, growth factors, and driving trends

• Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships

• Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing

• Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions

[neha24blog]

Biomass Power Market Outlook On The Basis Of Feedstock, Technology, Region And Forecast To 2030: Grand View Research Inc.

San Francisco, 4 Sep 2024: The Report Biomass Power Market Size, Share & Trends Analysis Report By Feedstock (Solid, Liquid Biofuels), By Technology (Combustion, Gasification, Anaerobic Digestion), By Region (North America, Europe), And Segment Forecasts, 2024 – 2030 The global biomass power market size is expected to reach USD 203.61 billion by 2030, according to a new report by Grand View…

[biofuelcircle]

Challenges in Feedstock Sourcing for CBG Plants

Over the past few years, compressed biogas (CBG) has emerged as a viable alternative to imported fossil natural gas, offering nearly net-zero emissions and enhancing energy security. Various waste and biomass sources, such as cattle dung, agricultural waste, distillery spent wash, press mud, organic fraction of municipal solid waste, and sewage treatment plant sludge, undergo decomposition to produce biogas. However, feedstock sourcing for CBG plants in India presents unique challenges due to the country’s diverse agricultural landscape, infrastructure constraints, and socio-economic conditions.

Problems in Sourcing Biomass

Consistency and Quality Issues: The primary hurdle is ensuring a consistent and reliable biomass supply throughout the year. This consistency must be maintained not only in supply but also in the quality of the biomass. Agricultural residues, which are a common feedstock for CBG, are often seasonal and can lead to supply shortages during off-seasons. Feedstocks such as crop residues and animal manure might be diverted for other purposes like animal feed or organic fertilizers, leading to competition and limited availability for biogas production. The quality and composition of organic feedstocks can vary significantly, affecting the efficiency and yield of biogas production. Feedstocks may contain impurities or contaminants such as plastics, stones, or heavy metals, which can impede the digestion process and damage equipment. Proper segregation is difficult and expensive, and non-segregated waste leads to lower gas yields.

Logistics and Transportation: Gathering feedstock from dispersed locations and transporting it to the CBG plant can be costly and logistically complex. Some organic feedstocks are perishable and must be processed quickly to avoid degradation, adding to logistical challenges. Therefore, machinery tailored for specific crop residue types, including slashers, rakers, and balers to chop, aggregate, and bale stubble into a transport-ready form, is required.

Storage Issues:Infrastructure and storage are yet another challenge. Adequate storage facilities are necessary to handle and store feedstocks, particularly when dealing with large volumes of perishable materials. Substantial investments are needed for proper storage of feedstock and to prevent the seepage of leachate. Moreover, advanced pre-treatment technologies are often required to process feedstocks effectively, and the lack of such technologies can hinder efficient biogas production.

Technological Constraints: CBG production predominantly relies on five distinct feedstocks: animal waste, agricultural residue, press mud, organic waste from municipalities, and Napier grass. Currently, most plants in India utilize single-source feedstocks due to the absence of economically viable mixed feedstock processing technology. Accessible technology for handling mixed feedstocks would enable plants to utilize a variety of sources, mitigating concerns regarding sourcing and shortages. Additionally, economic factors also play a role. Feedstock prices can be volatile and influenced by seasonal changes, market demand, and other factors, affecting the financial viability of CBG plants. For example, fluctuations in oil prices can impact the cost of transporting feedstock.

Solutions to Address Feedstock Sourcing Challenges

The biofuel sector, especially CBG, has gained significant support through initiatives like SATAT. As the industry grows, it’s crucial to encourage small and medium enterprises to participate. Local biomass-driven facilities can make biofuel production feasible for smaller businesses, promoting a diverse and resilient industry. Exploring distribution pathways and local usage is also essential, as there are two main distribution routes for CBG: local production and use, particularly in rural areas, which can create a circular economy, cut transportation costs, and boost sustainability; and a central pathway involving building strong distribution networks for broader reach. Both routes have challenges, but local use cases might be easier to start with. Additionally, creating a robust supply chain involves harnessing food waste and other types of organic waste and channelling it economically to production facilities to ensure a steady supply of biomass and biofuel. Furthermore, the government needs to foster collaboration among industry stakeholders, academia, and research institutions. By establishing forums for exchanging information and collaborating on projects, we can spur innovation and address the obstacles facing the biofuel industry. Increasing public awareness of the environmental and economic advantages of biofuels can accelerate market acceptance and assist in achieving the government’s sustainability objectives. Overcoming these challenges requires a combination of technological innovation, effective logistics, supportive policies, and collaboration among various stakeholders. For instance, BiofuelCircle’s cloud-based digital platform ensures a consistent and reliable biomass supply through its Biomass Banks™, which are responsible for the collection, transportation, and storage of biomass, creating a robust and reliable supply network for biofuels. Developing integrated supply chains, investing in advanced pre-treatment and storage technologies, and fostering community engagement are critical steps toward ensuring a reliable and sustainable feedstock supply for CBG plants.

For More Information Click On : https://www.biofuelcircle.com/

[energyevolutionexpo]

Sustainable Aviation Fuels: The Key to a Carbon-Neutral Future for Air Travel

The aviation industry is a significant contributor to global greenhouse gas emissions, accounting for approximately 2-3% of the world’s CO2 emissions. As the urgency to address climate change intensifies, sustainable aviation fuels (SAFs) have emerged as a promising solution to reduce the carbon footprint of air travel. By utilizing renewable resources and innovative technologies, SAFs offer a pathway to achieving carbon-neutral aviation, aligning with global renewable energy targets.

What are Sustainable Aviation Fuels (SAFs)?

What are SAFs?

Sustainable Aviation Fuels (SAFs) are advanced biofuels designed to power aircraft with a lower carbon footprint than conventional jet fuels. SAFs are produced from renewable and sustainable resources, which can significantly reduce lifecycle greenhouse gas emissions. Unlike traditional fossil-based jet fuel, SAFs are derived from materials such as biomass, waste oils, municipal solid waste, and industrial off-gases.

Types of SAFs 

Types of SAFs 

1. Hydroprocessed Esters and Fatty Acids (HEFA)

HEFA SAFs are produced from fats, oils, and greases through a process called hydrogenation. This involves adding hydrogen to the feedstock to break down the fats and oils into hydrocarbons that are chemically similar to conventional jet fuel. HEFA is one of the most commercially mature SAF technologies and has been widely adopted in the aviation industry.

Neste, a leading producer of renewable fuels, supplies HEFA-based SAF to several airlines, including Lufthansa and Finnair.

2. Fischer-Tropsch (FT) Synthesis

Fischer-Tropsch synthesis involves converting feedstocks such as biomass, municipal solid waste, and industrial off-gases into syngas (a mixture of hydrogen and carbon monoxide). The syngas is then converted into liquid hydrocarbons through the Fischer-Tropsch process, resulting in a high-quality synthetic fuel suitable for aviation. Shell and British Airways are collaborating on a plant that will convert household and commercial waste into SAF using FT synthesis, aiming to produce over 70 million liters of SAF annually.

3. Alcohol-to-Jet (ATJ)

The ATJ process converts alcohols, such as ethanol and butanol, into jet fuel. The alcohols are dehydrated to produce olefins, which are then oligomerized and hydrogenated to form jet fuel. ATJ fuels offer a flexible production pathway and can utilize various feedstocks, including agricultural residues and dedicated energy crops.

Alcohols such as ethanol and butanol, typically derived from biomass which are then converted into jet fuels. LanzaTech, a company specializing in carbon recycling, has developed an ATJ process that converts industrial waste gases into ethanol, which is then transformed into SAF. This technology has been tested on flights by Virgin Atlantic.

4. Power-to-Liquid (PtL)

Power-to-Liquid SAFs are produced using renewable electricity to generate hydrogen via electrolysis. This hydrogen is then combined with captured CO2 to create synthetic hydrocarbons through processes such as Fischer-Tropsch or methanol synthesis. PtL fuels are potentially carbon-neutral, as they recycle CO2 and rely on renewable energy.

Carbon dioxide captured from the atmosphere or industrial sources, combined with hydrogen produced via electrolysis using renewable electricity undergo electrolysis to create hydrocarbons. The German company Sunfire is developing PtL technology to produce synthetic aviation fuel from CO2 and water using renewable electricity, contributing to Lufthansa’s efforts to reduce its carbon footprint.

Examples of Application

KLM Royal Dutch Airlines

KLM has been a pioneer in the adoption of SAFs, operating the world’s first commercial flight using biofuels in 2011. The airline has since committed to using a significant percentage of SAFs in its operations and has partnered with fuel producers to secure a steady supply of SAF.

United Airlines

In 2019, United Airlines operated the first commercial flight with passengers using 100% SAF in one engine. The airline has invested in the development of SAF production facilities and aims to reduce its greenhouse gas emissions by 50% by 2050.

British Airways and Velocys

British Airways, in partnership with Velocys, is developing a plant in the UK to produce SAF from household waste. This initiative aims to convert waste that would otherwise go to landfill into jet fuel, significantly reducing the carbon footprint of air travel.

Qantas

Qantas has made significant investments in SAF, including a partnership with Agrisoma Biosciences to use carinata, a type of mustard seed, as a feedstock for biojet fuel. Qantas completed its first SAF-powered flight from the United States to Australia in 2018, demonstrating the viability of renewable fuels for long-haul flights.

Alaska Airlines

Alaska Airlines has collaborated with Gevo Inc. to integrate ATJ fuel into its operations. In 2016, Alaska Airlines conducted the first commercial flight using ATJ fuel derived from renewable corn. This initiative underscores the airline’s commitment to sustainable aviation.

How SAFs are Helping to Achieve Renewable Energy Targets

How SAFs are Helping to Achieve Renewable Energy Targets

1. Reduction in Lifecycle Emissions

SAFs can reduce lifecycle greenhouse gas emissions by up to 80% compared to conventional jet fuel. This substantial reduction is achieved through the use of renewable feedstocks and sustainable production processes, contributing to global emissions reduction targets.

2. Diversification of Energy Sources

By utilizing a variety of feedstocks, including waste materials and renewable electricity, SAFs help diversify the energy mix for aviation. This reduces dependency on fossil fuels and aligns with broader renewable energy targets aimed at increasing the share of renewable energy in the global energy supply.

3. Promotion of Circular Economy

The production of SAFs from waste materials supports the principles of a circular economy by recycling waste into valuable fuel. This not only reduces emissions but also minimizes waste, contributing to environmental sustainability goals.

4. Policy Support and Industry Commitments

Governments and international bodies are increasingly supporting the development and adoption of SAFs through policies, incentives, and mandates. For example, the European Union’s Renewable Energy Directive (RED II) sets targets for renewable energy use in transport, including aviation. Industry commitments, such as the International Air Transport Association’s (IATA) goal of achieving net-zero emissions by 2050, further drive the adoption of SAFs.

Sustainable Aviation Fuels represent a critical component of the aviation industry’s strategy to achieve carbon-neutral growth and meet renewable energy targets. By leveraging renewable resources and innovative technologies, SAFs offer a viable pathway to significantly reduce the carbon footprint of air travel.

While challenges remain in scaling up production and reducing costs, continued investment, policy support, and industry collaboration will be essential in realizing the full potential of SAFs and paving the way for a greener future in aviation. We need to keep up with all recent innovations to reap maximum benefits and to facilitate a better understanding of the latest developments and trends in the Renewable energy Industry, various Conferences and Expos, which bring Industry leaders together, serve as an all-inclusive platform.

The Energy Evolution Awards, Conference, and Expo organized by Next Business Media is making its debut in Spain in 2025. It will be a leading forum dedicated to honoring excellence in Energy Technology, showcasing innovations, and fostering collaborations. The events unite industry leaders, and visionaries to explore the latest advancements, tackle key challenges, and shape the future of Energy.

The Energy Evolution Awards, Conference, and Expo will celebrate outstanding achievements, promote sustainable practices, and drive the Energy Industry forward into a technologically advanced sustainable era.  Energy Evolution Awards, Conference, and Expo will be a platform for cultivating innovation and shaping a brighter, more efficient energy landscape.

[trendingrepots]

Syngas & Derivatives Market - Forecast(2024 - 2030)

Overview

Syngas and its Derivatives Market size is forecast to reach US$70.56 billion by 2030, after growing at a CAGR of 6.9% during 2024-2030. Syngas is a gaseous mix consisting primarily of hydrogen and carbon monoxide, which is generated from coal gasification, fluidized bed gasifier, steam reforming, and others. It can be used to fabricated chemicals such as ammonia, butanol, methanol, acetic acid, and dimethyl ether. The competence of syngas to be formed from a widespread variety of feedstock such as coal, synthetic natural gas, biomass and petroleum coke is impacting the market growth constructively. Uprising environmental concerns have been the foremost drivers for the growth of the Syngas and its Derivatives Market in order to afford alternative methods of fuel production. There's a growing trend towards producing syngas from renewable sources such as biomass, municipal solid waste, and agricultural residues. This shift is driven by concerns over climate change and the desire to reduce greenhouse gas emissions. Biomass gasification, for instance, is gaining traction as it offers a carbon-neutral alternative to traditional fossil fuel-based syngas production methods. Advances in gasification technologies are driving efficiency improvements and cost reductions in syngas production. These advancements include developments in reactor design, catalysts, and process optimization techniques. Integrated gasification combined cycle (IGCC) plants, for example, are becoming more efficient in converting coal or biomass into syngas, which can then be used to generate electricity with lower emissions compared to conventional coal-fired power plants.

 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐚𝐦𝐩𝐥𝐞

The report: “Syngas and its Derivatives Market”- Forecast (2024-2030)”, by IndustryARC, covers an in-depth analysis of the following segments of the Syngas and its Derivatives Market Industry.

By Feedstock: Coal, Biomass, Natural Gas, Petroleum coke, Industrial Waste and Others

By Technology: Steam reforming (SR), Partial oxidation (POx), Autothermal reforming (ATR), Combined or Two-Step Reforming, Biomass Gasification and Others

By Gasification: Fixed Bed Gasifier, Fluidized Gasifiers, Entrained Flow Gasifiers, and Others

By Application: Fuel, Power Generation, Generators, Refineries, Fertilizers and Pesticides, Textiles, and Others

By End-Use Industry: Oil and Gas, Automotive, Electrical and Electronics, Marine, Aerospace, Chemical, Energy, Agriculture, and Others

By Geography: North America (USA, Canada and Mexico), Europe (UK, France, Germany, Italy, Spain, Russia, Netherlands, Belgium, and Rest of Europe), APAC (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, Rest of South America), and Rest of the world (Middle East and Africa).

Key Takeaways

• Asia Pacific dominates the Syngas and its Derivatives Market owing to rapid increase in Chemical and Oil and Gas sector. For instance, an investment of US$107.4 billion is estimated in the Indian chemicals and petrochemicals sector by 2025

• The market drivers and restraints have been assessed to understand their impact over the forecast period.

• The report further identifies the key opportunities for growth while also detailing the key challenges and possible threats.

• The other key areas of focus include the various applications and end use industry in Syngas and its Derivatives Market and their specific segmented revenue.

• The fuel application is expected to augment the Syngas and its Derivatives Market’s growth over the forecast period due to increase in the consumption of liquid and gaseous fuels in various end-use industry.

[poonamcmi]

Understanding the Importance of Lubricants

They play a vital role in the smooth functioning of machinery. They are hydrocarbon oils or mixtures which when applied to moving surfaces, reduce friction and minimize wear and tear. Theys help reduce energy losses, thereby improving efficiency. By lowering operating temperatures, they also enhance equipment life and reliability.

Types

Mineral Oil Lubricants Mineral oils are the most commonly used derived from petroleum. They are cost-effective, have good thermal and oxidative stability and work in a wide range of conditions. Mineral oils are further classified based on viscosity into categories like engine oils, hydraulic oils, gear oils etc. They are suitable for general lubrication of automotive engines, industrial gearboxes and hydraulic systems. However, mineral oils have limited performance under extreme conditions.

Synthetic Lubricants Synthetic are manufactured by combining various types of base stocks through chemical processes. Lubricants They have enhanced properties compared to conventional mineral oils. Different types of synthetic include polyalphaolefins (PAO), polyalkylene glycol (PAG), diester, polyol esters etc. Synthetics have excellent viscosity-temperature properties, high flash points and thermal/oxidative stability. They are more durable and provide better protection, especially in high/low temperatures and heavy load conditions.

Bio-based Lubricants With growing environmental concerns, bio-based manufactured from renewable plant or animal sources are gaining popularity. They have low toxicity and are biodegradable. Common bio-lubricant base stocks include vegetable oils, animal fats and synthetics derived from biomass feedstock. While they have superior sustainability credentials, their performance may be limited compared to petroleum and synthetic products under some application parameters.

Grease Lubricants Greases are semi-solid consisting of thickening agents like soap, worked into a lubricating oil. They can withstand heavier loads and retain lubrication in locations without relubrication for longer periods. Common types of greases used are lithium, aluminum and calcium soap greases. Specialty high-performance greases containing additives are suitable for severe conditions. Greases find wide application in bearings, rolling element assemblies, universal joints, slides etc.

Additives Lubricating oil formulations contain various performance-enhancing additives apart from the base oil. Common additive types include detergents, dispersants, antioxidants, corrosion inhibitors, anti-wear agents, viscosity modifiers and pour point depressants. Carefully selected multi-functional additive packages provide balance between different lubrication properties as per equipment/operational needs. Additives enable base oils to withstand greater thermal/oxidative stresses, reduce sludge formation and give robust protection against wear.

Selection Proper selection depends on considering factors like component material, operating environment/conditions, lubrication method, fluid compatibility etc. Manufacturers' recommendations and industry standards/guidelines provide guidance for matching chemistry to a given application. However, laboratory/field testing may still be required under complex situations. Better choices can boost savings through improved machine reliability and reduced maintenance over the long run. Proper handling, storage and periodic condition monitoring are equally important for deriving optimal results from lubrication.

Automotive Lubricants Engine Oils: Engine oils are designed to lubricate the internal combustion engine adequately under starting, warm-up and full load operating conditions. Formulations vary for gasoline and diesel engines. Fully synthetic and synthetic-blend oils provide better protection against breakdown.

Transmission Fluids: Automatic and manual transmission systems require dedicated fluids for optimum shift quality and equipment life. Criteria like viscosity, frictional properties, low temperature fluidity and anti-wear attributes are carefully considered.

Motorcycle Oils: Two-wheelers need distinctive suitable for their smaller engines that run at higher rpm. Specific additive chemistries guard against problems like valve train wear.

Greases: Automotive chassis and suspensionjoints widely use lithium-complex, calcium and aluminium-complex greases fortified with additives.

Industrial Lubricants Turbine and Compressor Oils: Turbomachinery demand thermally stable with excellent film strength and anti-wear features to minimize equipment damage from metal-to-metal contact.

Quench Oils: Used in metal quenching applications to rapidly cool workpieces after heat treatment without distortion. Must withstand high temperatures without degradation.

Metalworking Fluids: Lubrication and cooling of machine operations like turning, milling, grinding is achieved through oil-based, water-based and semi-synthetic metalworking fluids.

Transformer Oils: High electrical resistance and thermal endurance are hallmarks of insulating oils used in transformers and circuit breakers. Help dissipate heat load efficiently.

Hydraulic Fluids: Unique hydraulic fluids provide appropriate viscosities under a wide range of pressures, flow rates and conditions from ambient to high temperatures.

They play a critical role across industries by reducing friction and protecting machinery. Understanding its types, properties and selecting the right grades tailored for specific applications guarantee optimized performance and reliability. Proper handling and conditioning further ensure maximum service life and cost savings from lubrication over the long run. Continuous R&D is enabling Get More Insights On, Lubricants

About Author: Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)

[futuristicpaintercat]

Biomass Solid Fuel Market is Estimated to Witness High Growth Owing to Rising Demand for Renewable and Sustainable Energy Sources

Biomass solid fuels are biofuels that are produced from various organic materials and biomass waste sources. They include products such as wood pellets, wood chips, agricultural residue pellets, and other solid fuels produced from biomass. Biomass solid fuels are a renewable source of energy and have minimal environmental impact as they absorb the same amount of carbon dioxide from the atmosphere during their growth as is released during combustion. In recent years, with growing concerns around climate change and depleting fossil fuel reserves, biomass solid fuels are emerging as a viable and sustainable alternative to conventional fuel sources. They provide clean and affordable energy while reducing dependence on imported fossil fuels.

The global biomass solid fuel market is estimated to be valued at US$ 3.14 Bn in 2024 and is expected to exhibit a CAGR of 8.5% over the forecast period 2024 to 2031. Market drivers One of the key drivers for the Biomass Solid Fuel Market Demand is the availability of wide range of biomass residues and waste sources such as agricultural residue, wood waste, and energy crops which can be converted into solid fuels. These biomass feedstocks are economical and renewable compared to fossil fuels. Furthermore, technological advancements have enabled efficient conversion of biomass into solid fuels such as pellets with high energy density. This has increased the viability of biomass solid fuels for various applications. Supportive government policies offering incentives and subsidies for biomass projects are also driving the market growth. Many countries have set renewable energy targets and are promoting investments in the bioenergy sector.

Fastest Growing Regional Market The market in Asia Pacific region is anticipated to witness the highest growth during the forecast period driven by rising renewable energy targets in densely populated countries like India and Indonesia. Initiatives for rural electrification and industrial biomass co-firing will augment the regional market expansion.

Get more insights on Biomass Solid Fuel Market

About Author:

Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163)

[poojagblog-blog]

The global Solid Biomass Feedstock Market is expected to reach USD 36.2 billion by 2029 from USD 26.6 billion in 2024 at a CAGR of 6.3% during the forecast period according to a new report by MarketsandMarkets™. Solid biomass feedstock refers to organic materials which are in solid state sourced from different sources such as agriculture, forestry, and organic waste, which can be utilized for energy production via combustion, gasification, or other conversion methods. These resources, are renewable and easily accessible, rendering them crucial for generating heat, electricity, and biofuels. Solid biomass feedstock serves as a cornerstone in the shift toward sustainable energy systems, providing a carbon-neutral substitute for fossil fuels and mitigating greenhouse gas emissions.

[priyarao-01]

Biomass Power Market: Getting ready for the Future

For decades, the use of fossil fuels for power generation globally severely dented the environment, increasing CO2 emissions. This shifted the focus on renewable energy sources, thus favoring the adoption of biomass. Biomass power refers to electricity generated from organic matter, such as plants, agricultural residue, animal waste, etc. It provides significant environmental and consumer benefits, by generating fewer emissions, improving forest air quality, and offering reliable electricity supply to complement intermittent sources. As a result, the global biomass power market is likely to grow, with CAGRs of 6.08% (in revenue) and 6.51% (in volume) during the forecast period from 2022 to 2028.

Applications Soar as Demand for Biomass Power Heats Up

Biomass power is used in residential applications for cooking or space heating. Whereas, industrial and commercial entities utilize it for purposes like hot water heating, space heating, and electricity generation. Industrial leads the application segment, accounting for the largest revenue of $31.55 billion in 2021.

Supportive Government Policies promote Bioenergy Adoption

With a view to phase out coal-based power generation as a sustainable development measure, governments across the world are turning to bioenergy (obtained by burning biomass). For instance, in India, the Ministry of New and Renewable Energy launched a scheme in 2019 offering financial aid for biomass power projects.

Whereas, in the United States, the number of biomass power plants increased from nearly 485 in 2003 to more than 760 in 2016. This has been possible due to the government’s favorable policies and initiatives, such as the Rural Energy for America Program.

The European Market shows Promising Trends

Policies in the European Union (EU) encourage the use of biomass for energy production. The New EU Forest Strategy for 2030, which aims at improving the multifunctionality of forests, promotes the use of forest waste as a biomass source to ensure environmental benefits. It also sets the vision and concrete actions required to increase the quantity and quality of European forests by focusing on their protection, restoration, and sustainable management.

Further, Sweden-based Vattenfall AB, a key market player, is a founding member of the Sustainable Biomass Program (SBP). The SBP is a certification scheme designed with the objective of developing and maintaining an industry standard to ensure that solid biomass used for power generation complies with biomass legality and sustainability regulations in EU countries.

Based on the idea that the carbon produced by burning solid biomass would be reabsorbed during the tree development process, biomass is considered carbon-neutral under EU laws. Solid biomass feedstock is most frequently converted to energy by using combustion technology. Combustion leads the technology segment in the Europe biomass power market, accounting for the largest revenue of $21.85 billion in 2021.

Besides this, the markets in Japan and Argentina are also poised for growth, as their governments invite bids from market players to establish biomass power plants under various programs, thus creating a supportive environment.

Top Players’ Growth Strategies Intensify Competitive Rivalry

The presence of leading companies, such as General Electric, Ramboll Group, Mitsubishi Heavy Industries Ltd, and Veolia Environnement SA, with global repute and technical expertise, has enhanced the level of competition in the market. Several top players have made strides by securing contracts to help them expand their footprints into newer territories.

For instance, the Dangjin plant in Chungnam, South Korea, is Asia’s largest biomass power plant, with a 105 MW electricity generation capacity. The demanding process of power generation at the plant is accomplished using the Valmet DNA technology by Valmet Oyj.

Future Prospects – Bumpy Road Ahead?

Solar and wind energy are renewable energy sources used as substitutes for biomass power. Due to increased R&D as well as the provision of financial incentives for their use, they are considered viable options, with high demand. This has significantly impacted the market share of biomass power in the global energy mix, and is a key challenge in the path of growth.

However, solar and wind are intermittent energy sources, and cannot ensure continuous power supply. The capability of biomass power to thus supply electricity round-the-clock is expected to aid its adoption and lower the threat of substitutes. Another key advantage of biomass over alternatives is its versatility. By pyrolysis, it can be converted into biochar, which improves soil quality and also reduces GHG emissions by sequestering carbon. These benefits indicate the massive growth potential of the biomass power market.

FAQs: Q 1) Which are the main segments considered in the biomass power market report? A: Application, Feedstock, and Technology are the key segments considered in the market report.

Q 2) What are the market estimations in terms of revenue and volume? A: The global biomass power market is estimated to be valued at $111.07 billion in revenue and 10448.15 million MWh in volume by 2028.

[downincmi]

Renewable Methanol Market: Fuelling the Green Revolution

Introduction to Methanol Methanol, also known as wood alcohol, is a light, colorless, volatile and flammable liquid with the chemical formula CH3OH. It is the simplest alcohol and one of the commonly used light alcohols. Methanol is produced both from fossil fuels such as natural gas and coal as well as renewably through processes like biomass gasification. It is mainly used as a feedstock for producing other chemicals, solvents and as a fuel. Renewable Methanol Production Pathways There are several pathways for producing methanol renewably without using fossil fuels: Biomass Gasification: In this process, any type of biomass like agricultural waste, forest residues or energy crops are gasified at high temperature in the presence of steam and oxygen to produce syngas a mixture of carbon monoxide and hydrogen. This syngas is then catalytically converted to methanol. WastetoEnergy: Municipal solid waste, sewage sludge or other waste streams can be gasified or biologically broken down to produce syngas which is then converted to methanol. This helps produce a valuable fuel from waste. Direct Capture of CO2: Technologies are being developed to directly capture CO2 from ambient air or industrial sources. This captured CO2 can then be combined with green hydrogen produced from renewable power to synthesize methanol. Renewable Hydrogen: Electrolyzers powered by renewable electricity such as solar, wind or hydropower can produce green hydrogen by splitting water. Combining this hydrogen with CO2 yields renewable methanol. Building out Renewable Methanol Infrastructure For methanol to scale up significantly as a Carbon Neutral Fuel, dedicated production, storage, distribution and dispensing infrastructure needs to be developed: Production Facilities: Larger demonstration and commercial scale plants are being built worldwide using biomass, municipal waste or captured CO2 as feedstocks. Methanol Bunkering: Ports are installing bunkering facilities for providing methanol shiptoship or from storage tanks to vessels replacing marine fuel oil. Fuel Stations: More M85 compatible vehicles require retail fuel stations with methanol dispensers along with compatible nozzles, hoses and pumps. CrossCountry Pipelines: Methanol pipelines can transfer product from production sites to demand centers avoiding logistical challenges of road/rail transportation. Storage Infrastructure: Underground salt caverns or above ground tanks offer large scale, low cost storage options for methanol supply logistics. Standardization: Industry standards are being developed for methanol specifications, safety protocols, handling procedures and measurements units. Conclusion Renewable methanol holds promise as a versatile, carbon neutral fuel and chemical feedstock of the future. Continuous technological progress, supportive policies and infrastructure buildout can accelerate its adoption worldwide helping mitigate climate change and transition to a low carbon economy. Sustainable production pathways combined with growing applications puts methanol in a position to play an important long term role in energy markets.

[tmr-blogs2]

Hydrodeoxygenation [HDO] Catalysts Market to Reach US$ 196.4 Mn by End of 2031

The report on the hydrodeoxygenation [HDO] catalysts market by Transparency Market Research (TMR) has various factors that make stakeholders aware of the existing global market scenario. As per the exhaustive research report by TMR, the global industry is estimated to grow at a CAGR of 5.3% during the forecast period of 2023-2031.

The expanding concerns about the environment have led to the adoption of biofuels in various processes to reduce emissions. Hydrodeoxygenation [HDO] removes oxygen from the molecules with the help of hydrogen. This process is conducted under high pressure and temperature to convert biomass into bio-diesel, bio-oil, and bio-gasoline. HDO catalysts play a major role in the production of biomass and biofuel.

Request for a Sample PDF Report with Latest Industry Insights: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=85541

Hydrodeoxygenation [HDO] catalysts are available in various types, such as solid acid support, metal-based, conventional, bifunctional metal acid, and others. The biomass derived from the feedstock is mixed with the catalysts, and biofuels with higher energy density, lower oxygen content, improved stability, and other enhanced characteristics are created. These improved and productive biofuels have grabbed the attention of various end-use industries, which could eventually boost global business.

Market Segmentation

By Service Type: Catalyst manufacturing, Catalyst regeneration and recycling services.

By Sourcing Type: In-house catalyst development, Outsourced catalyst procurement.

By Application: Biofuels production, Chemical synthesis, Petroleum refining.

By Industry Vertical: Energy, Chemicals, Petrochemicals, Others.

By Region: North America, Europe, Asia Pacific, Latin America, Middle East & Africa.

Regional Analysis

North America: Strong focus on renewable energy initiatives driving market growth.

Europe: Leading in sustainable energy adoption, boosting demand for HDO catalysts.

Asia Pacific: Rapid industrialization and increasing environmental regulations fueling market expansion.

Latin America, Middle East & Africa: Emerging opportunities in biofuel production and refining industries.

Market Drivers and Challenges

Drivers:

Environmental Regulations: Mandates for cleaner fuels and sustainable production processes.

Renewable Energy Adoption: Shift towards biofuels and green chemicals.

Technological Advancements: Development of efficient and selective HDO catalysts.

Challenges:

Cost Constraints: High initial investment for catalyst development and deployment.

Feedstock Availability: Ensuring consistent and quality biomass feedstocks.

Competitive Market: Intense competition among catalyst manufacturers and suppliers.

Market Trends

Nanostructured Catalysts: Enhanced catalytic activity and selectivity for HDO processes.

Catalyst Recycling: Focus on sustainable practices and resource conservation.

Collaborative R&D: Partnerships between academia and industry for catalyst innovation.

Future Outlook

The HDO catalysts market is poised for significant growth, driven by the global transition towards sustainable energy solutions and the need to reduce carbon footprints. Continued research and development efforts, along with strategic partnerships, will shape the market’s evolution in the coming years.

Key Market Study Points

Market Size and Growth Projections

Technology Trends and Innovations in Catalyst Formulations

Regulatory Landscape and Impact on Market Dynamics

Investment Opportunities in Emerging Regions

Supply Chain Analysis and Sustainability Initiatives

Competitive Landscape

Major players in the HDO catalysts market include leading chemical manufacturers, catalyst developers, and technology providers. Competition centers on product performance, efficiency, and sustainability features, driving continuous innovation and market expansion.

Buy this Premium Research Report: https://www.transparencymarketresearch.com/checkout.php?rep_id=85541&ltype=S

Recent Developments

Launch of novel catalyst formulations with improved activity and stability.

Strategic collaborations for scaling up HDO processes in commercial applications.

Investments in research and development for next-generation HDO catalysts.

About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact:

Transparency Market Research Inc.

CORPORATE HEADQUARTER DOWNTOWN,

1000 N. West Street,

Suite 1200, Wilmington, Delaware 19801 USA

Tel: +1-518-618-1030

USA – Canada Toll Free: 866-552-3453

Website: https://www.transparencymarketresearch.com  

[jassicaleo318]

Bioenergy Market: Driving Sustainable Energy Solutions and Environmental Innovation

The Bioenergy Market is a vital component of the global energy landscape, encompassing renewable energy sources derived from organic materials such as biomass, biogas, biofuels, and bio-based chemicals. Bioenergy plays a crucial role in addressing energy security, climate change mitigation, and sustainable development goals by reducing greenhouse gas emissions, diversifying energy sources, and promoting rural livelihoods. This article provides an overview of the Bioenergy Market, including its key segments, technological advancements, market dynamics, and environmental implications.

Market Overview

Bioenergy is derived from biomass, which includes organic materials such as wood, agricultural residues, dedicated energy crops, animal waste, and municipal solid waste. These biomass resources can be converted into various forms of energy through biological processes such as combustion, fermentation, anaerobic digestion, and thermochemical conversion. Bioenergy products include biofuels such as ethanol, biodiesel, and biogas, as well as heat, electricity, and bio-based chemicals used in industrial applications.

Key Segments

The Bioenergy Market comprises several key segments, each with its unique characteristics, applications, and market dynamics:

Biofuels: Biofuels are liquid or gaseous fuels derived from biomass feedstocks and used primarily in transportation and heating applications. Major biofuel types include:

Ethanol: Produced from sugar or starch crops such as corn, sugarcane, and wheat, ethanol is used as a blend component in gasoline or as a standalone fuel in flex-fuel vehicles.

Biodiesel: Made from vegetable oils, animal fats, or recycled cooking oil, biodiesel is used as a renewable alternative to diesel fuel in diesel engines.

Biogasoline: Similar to ethanol, biogasoline is derived from biomass and can be blended with conventional gasoline to reduce greenhouse gas emissions and dependency on fossil fuels.

Biogas: Biogas is produced through the anaerobic digestion of organic waste materials such as agricultural residues, animal manure, and wastewater, and can be used for heat and power generation or upgraded to biomethane for injection into natural gas pipelines.

Solid Biomass: Solid biomass fuels, such as wood pellets, wood chips, and agricultural residues, are used for heat and power generation in residential, commercial, and industrial settings. Biomass combustion technologies include stoves, boilers, and combined heat and power (CHP) systems, which convert biomass into heat or electricity with varying levels of efficiency and emissions.

Biopower: Biopower refers to electricity generated from biomass sources using technologies such as biomass combustion, gasification, and anaerobic digestion. Biopower plants can utilize a wide range of feedstocks, including forestry residues, agricultural residues, energy crops, and organic waste, to produce renewable electricity for grid-connected or off-grid applications.

Bio-based Chemicals: Bio-based chemicals are produced from renewable biomass feedstocks and used as alternatives to fossil-based chemicals in various industrial sectors, including chemicals, plastics, pharmaceuticals, and cosmetics. Examples of bio-based chemicals include bioethanol, bioplastics, bio-based solvents, and biochemicals derived from fermentation or enzymatic processes.

Technological Advancements

The Bioenergy Market has witnessed significant technological advancements aimed at improving efficiency, reducing costs, and enhancing environmental performance. Key technological innovations include:

Advanced Biofuel Production: Advances in biotechnology, biochemical engineering, and process optimization have enabled the development of advanced biofuels such as cellulosic ethanol, biodiesel from algae, and renewable diesel from waste oils. These next-generation biofuels offer higher energy yields, lower carbon emissions, and reduced competition with food crops compared to first-generation biofuels.

Biorefinery Concepts: Integrated biorefineries combine multiple biomass conversion technologies to produce a range of bioenergy products, bio-based chemicals, and bioproducts from diverse feedstocks. Biorefineries utilize biomass fractionation, pre-treatment, and conversion processes to maximize resource efficiency and value creation while minimizing waste generation and environmental impact.

Biogas Upgrading: Biogas upgrading technologies such as pressure swing adsorption (PSA), water scrubbing, and membrane separation enable the purification of raw biogas to biomethane, a renewable natural gas with similar properties to fossil natural gas. Biomethane can be injected into natural gas pipelines, used as a transportation fuel, or compressed into renewable compressed natural gas (CNG) for vehicle refueling.

Pyrolysis and Gasification: Thermochemical conversion technologies such as pyrolysis and gasification convert biomass into syngas, bio-oil, and biochar through high-temperature decomposition in the absence of oxygen. These processes enable the production of bioenergy and bio-based products from a wide range of feedstocks, including lignocellulosic biomass, agricultural residues, and organic waste.

Market Dynamics

The Bioenergy Market is influenced by various factors, including policy frameworks, energy prices, technological innovation, and market demand. Key drivers and challenges shaping market dynamics include:

Renewable Energy Policies: Supportive policies, incentives, and mandates at the national, regional, and international levels promote the deployment of bioenergy technologies and drive market growth. Renewable energy targets, carbon pricing mechanisms, tax credits, and feed-in tariffs incentivize investment in bioenergy projects and create market opportunities for biomass producers, technology providers, and project developers.

Energy Security and Climate Change Mitigation: Concerns over energy security, climate change, and air pollution drive demand for renewable energy sources such as bioenergy, which offer lower carbon emissions and reduced environmental impact compared to fossil fuels. Bioenergy contributes to energy diversification, greenhouse gas mitigation, and rural development by utilizing locally available biomass resources and creating economic opportunities in rural communities.

Feedstock Availability and Sustainability: The availability and sustainability of biomass feedstocks influence the competitiveness and environmental performance of bioenergy systems. Sustainable biomass sourcing practices, including forest management, crop residue management, and waste-to-energy conversion, ensure the long-term viability and environmental integrity of bioenergy projects while minimizing negative social and ecological impacts.

Technological Innovation and Cost Reductions: Technological innovation, research and development, and economies of scale drive down the cost of bioenergy production and improve the efficiency and reliability of bioenergy systems. Advances in biomass conversion technologies, feedstock logistics, and supply chain optimization enhance the competitiveness of bioenergy relative to conventional energy sources and support market expansion.

Environmental Implications

Bioenergy offers environmental benefits such as carbon sequestration, reduced greenhouse gas emissions, and improved air quality compared to fossil fuels. By utilizing organic waste materials, agricultural residues, and dedicated energy crops, bioenergy systems can reduce methane emissions from landfill decomposition, prevent open burning of agricultural residues, and mitigate deforestation and land degradation associated with conventional land use practices. However, the environmental sustainability of bioenergy depends on factors such as feedstock selection, land use change, water consumption, and lifecycle emissions, which must be carefully managed to avoid negative environmental impacts and ensure the long-term sustainability of bioenergy projects.

[newsheadlinesnow]

Solid Biomass Feedstock Market worth $36.2 Billion by 2029

http://dlvr.it/T5y7Xn

[vipinmishra]

Biomass Power Generation Market: Assessing Market Dynamics

Global biomass power generation market is expected to grow due to the advancements in biomass power generation techniques during the forecast period of 2024-2028.

According to TechSci Research report, “Biomass Power Generation Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028”, the global biomass power generation market is anticipated to register 4.97% CAGR during the forecast period. During the projected period, the worldwide biomass power generating market will be driven by the rising need for environmentally friendly and sustainable sources of energy generation. Biomass power generation is becoming more widely used in significant emerging nations worldwide. A dependable, economical, and secure source of electricity generation is biogas.

It has been applied to advance economic growth and expand access to electricity. The main players in the global biomass power generation market are concentrating on innovation to expand their business potential. Since biomass produces no carbon emissions, it decreases the reliance on fossil fuels for energy production. Additionally, by offering tax incentives, loan guarantees, and other forms of support, governments around the world are boosting their investments in biomass power generation.

There are many governments initiative to boost the market. For instance, an agreement was signed between MoPNG and companies or institutions to build 5,000 CBG plants by 2024 with a total capacity of 15 tons of CBG per year as part of the biofuels policy to promote ethanol blending in vehicle fuel. Owing to this agreement the global biomass power generation market is further anticipated to expand in the forecast period of 2024-2028.

Browse over XX Market Data Figures spread through XX Pages and an in-depth TOC on "Global Biomass Power Generation Market” https://www.techsciresearch.com/report/biomass-power-generation-market/15679.html

Global biomass power generation market is segmented based on technology, feedstock, end-user, fuel type, and region. Based on technology, the market is divided into combustion, pyrolysis, gasification, anaerobic digestion, landfill gas (LFG), and others. Based on feedstock, the market is divided into urban residue, municipal solid waste (MSW), agricultural and forest residue, energy crops, woody biomass, and others. Based on end-user, the market is divided into industrial, residential & commercial, utilities. Based on fuel type, the market is divided into solid, liquid, gaseous. Based on region, the market is further bifurcated into North America, Asia Pacific, Europe, South America, and Middle East & Africa.

Based on technology, the combustion segment dominated the market. The trend is expected to continue in the future with the segment registering a steady growth rate over the forecast period. In comparison to other sophisticated biomass power technologies, the combustion technology operates more economically and is simpler. This is anticipated to increase the market demand for combustion technology over competing technologies.

Based on feedstock, municipal solid waste (MSW) will dominate the market in the forecast period. Throughout the forecast period, the category will continue to grow at a constant CAGR and maintain its dominant position. Municipal solid waste is being used more widely than liquid biofuels.

Based on end-user, industrial segment will dominate the market in the forecast period. The industrial sector is one of the largest consumers of electricity in the world. In fact, it accounts for about 30% of global electricity consumption. The global economy is growing, and this is leading to an increase in industrial activity. As a result, there is a growing demand for electricity to power factories, machines, and other equipment. Due to which the industrial segment is growing rapidly.

Based on region, Asia Pacific will dominate the market in the forecast period. In growing and expanding economies like China and India, urbanization and fast industrialization are gaining traction due to which the demand for power generation is high in these areas.

Key market players in the global biomass power generation market are:

Mitsubishi Power Ltd.

Suez SA, Xcel Energy Inc.

Ramboll Group A/S

Babcock & Wilcox Enterprises, Inc.

Orsted A/S

Ameresco Inc

General Electric Company

Veolia Environnement S.A.

Vattenfall AB

Download Free Sample Report https://www.techsciresearch.com/sample-report.aspx?cid=15679

Customers can also request for 10% free customization on this report.

“Future energy consumption will rise because of rising industrialization, development, and population growth. However, as fossil fuels produces greenhouse gas emissions, the risks related to climate change are also rising. The globe's increasing need for energy and concern for the environment will jointly drive the growth of the biomass generating market because biomass power generation will help the world meet its dual objectives of rising energy consumption and environmental protection.

Additionally, governments throughout the world are implementing laws that are supportive of biomass power generation to promote it to meet energy needs, reduce emissions, save money, and the environment by reducing reliance on fossil fuels”, said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“Biomass Power Generation Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018–2028 Segmented By Technology (Combustion, Pyrolysis, Gasification, Anaerobic Digestion, Landfill gas (LFG), and Others), By Feedstock (Urban Residue, Municipal Solid Waste (MSW), Agricultural and Forest Residue, Energy Crops, Woody biomass, and Others), By End-User (Industrial, Residential & Commercial, and Utilities), By Fuel (Solid, Liquid, and Gaseous), By Region and Competition” has evaluated the future growth potential of biomass power generation market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global biomass power generation market.

Browse Related Research Reports:

Substation Automation Market https://www.techsciresearch.com/report/substation-automation-market/16542.html Smart Electric Meter Market https://www.techsciresearch.com/report/global-smart-electric-meter-market/2653.html stationary lead acid battery market https://www.techsciresearch.com/report/stationary-lead-acid-battery-market/16426.html

Contact

TechSci Research LLC

420 Lexington Avenue,

Suite 300, New York,

United States- 10170

M: +13322586602

Email: sales@techsciresearch.com

Website: https://www.techsciresearch.com