Scientists, investors, and governments chose biomass for sustainable energy production in the previous decade to solve the growing energy crisis and minimize greenhouse gas emissions. Biomass solid fuel will meet the needs of many sectors worldwide. Since the industrial revolution, fossil fuels have dominated global energy supply. Oil, gas, and coal are the world's main energy sources, but their rapid depletion necessitates a safer, lower-carbon alternative.The US Department of Energy examined how fossil fuels and biomass solid fuels affect global warming during power generation. Even when coal is sequestered, biofuel reduces a power plant's global warming potential by 148%. Biomass solid fuel replaces fossil fuels best. These factors will boost the biomass solid fuel market over the forecast period. Bioenergy production is dominated by biomass solid fuel.
By the end of 2027, the global Biomass Solid Fuel Market is anticipated to generate more than US$ 425.8 billion in revenue, with a CAGR of 8.5% over the forecast period (2020 to 2027).
Prominent Players in the Biomass Solid Fuel Industry:
1. Svenska Cellulosa Aktiebolaget SCA
Svenska Cellulosa Aktiebolaget SCA founded in 1987 and its headquarter in Sundsvall, Sweden.. The company operates in 50 countries.
2. BTG Biomass Technology Group
BTG Biomass Technology Group founded in 1897, and it’s located in Overijssel, The Netherlands. The company operates in 60 countries. In 2019 Biomass technology group BTG plans to set up a new high-tech technology company that can convert crude pyrolysis oil into diesel fuel
3. Fulcrum BioEnergy
Fulcrum BioEnergy was launch in 2007 and it’s headquarter located in Pleasanton, California, United States.it operate over 20 country .In2022 Fulcrum BioEnergy Announces Major Strategic Investment by bp. Fulcrum and bp partnership accelerates Fulcrum's large program of waste-to-jet fuel plants.
4. SOCOTEC Group,
SOCOTEC Group, was launch in 1953 and it’s headquarter located in Saint-quentin-en-yvelines, Centre, France.it operate over 23 country . in 2018 SOCOTEC has unparalleled expertise in solid fuel inspection and testing, specialising in low carbon alternative fuels such as biomass.
5. Drax Biomass Inc
Drax Biomass Inc founded in 2012, with its headquarters in Monroe, LA USA .With businesses in over 44 countries. In 2021 Drax Group has announced the acquisition of the pellet sales contract book of Pacific BioEnergy, a Canadian wood pellet fuel supplier.
6. PVM Environmental Products
PVM Environmental Products ,was launch 1970 and its headquarter Breda (the Netherlands. .it operate over 60 country.
7. Vattenfall AB
Vattenfall AB founded in 1909, with its headquarters in Solna, Sweden.With businesses in over 70 countries.
Definition- Biomass is defined as the biologically degradable fraction of products, residues, and wastes from remains of animals and plants, and biological remains of household and industrial waste.
