MARKET NEWS

The Carbon Neutrality Goal is Conducive to the Promotion of Bio-coal, and Competition among Suppliers Intensifies

Biomass fuel is a high-density block or granular fuel made of wood chips, bamboo chips, twigs, stalks and other raw materials, which is compressed and formed by high pressure and low temperature by professional machinery and special technology without any chemical additives. Biomass fuels are high calorific value, clean and non-polluting, easy to store and transport, it is a new environmental protection and renewable energy product that replaces fossil energy.

Traditional energy petroleum and coal are non-renewable, and their production costs are high. The use of their derivative products has caused serious pollution to the environment in which humans live. Therefore, under the dual pressure of energy resource shortage and environmental pollution, the development and utilization of renewable and more environmentally friendly new energy has become a pursuit of people. Since the raw materials of Bio-coal coal are woody and herbaceous plants, the carbon in Bio-coal is comes from carbon dioxide in the air, which is solidified in the biomass through photosynthesis, and the biomass coal produces the same amount of carbon dioxide during the combustion process discharge into the air, that is, the entire life cycle of the biomass growth and combustion process, achieving zero carbon dioxide emissions.

The Carbon Neutrality Goal is Conducive to the Promotion of Bio-coal

As one of the largest owners of agricultural population, China produces very high crop residues every year. In previous practice, the residue was burned openly, causing serious air pollution. To solve this problem, the Chinese government has made great efforts to ban open burning and guided the comprehensive utilization of agricultural waste. Bio-coal demonstrates a new way to use biomass residues, which will bring financial and climate benefits and eliminate air pollution caused by open burning. Following the successful conclusion of the Paris Agreement in 2015, China has taken major actions to address the issue of climate change. Currently, coal is still China\'s main energy source. Using bio-coal as a substitute will reduce the pressure on coal demand.

Bio coal has high energy density, high carbon content, hydrophobicity and significant resistance to biodegradation. Therefore, bio-coal can provide sustainable, fossil-free substitutes for industries such as metallurgy. Because of the high biomass, high moisture content, low fixed carbon and high contents of volatile matter and oxygen, it is usually impossible to use raw biomass as a reducing agent in a blast furnace.

Although the biomass has been dried to an acceptable amount for use as a fuel source, the conversion to bio coal further reduces the moisture content of the material. While this helps to increase the energy value of the material, it also causes the material to be hydrophobic, which means it does not absorb moisture from the air. Therefore, it does not require special storage requirements. The reduced moisture can also decrease transportation costs where applicable. Bio-coal is a particularly viable option because its properties are similar to conventional coal products. Unlike other biomass products (such as wood chips or pellets), power plants only need to change their facilities very little to use bio-coal as a fuel source. This is because bio-coal can be ground, and because its performance is similar to traditional coal powder, it can be easily integrated into existing systems. The bio-coal can then be mixed with traditional coal and burned together.

Get the full sample please click: https://www.globalmarketmonitor.com/reports/917703-bio-coal-market-report.html

Market Trend of Global Bio-coal Industry Market

The cost of collecting and transporting biomass residues is a key factor that affects the overall economic performance of using biomass residues. Collection and transportation costs may increase the cost of bio-coal, which is not conducive to the development of the industry. In this regard, optimizing biomass collection, storage and transportation systems, build factories as close as possible to the origin of raw materials，as well as national financial compensation are effective means to stimulate the entire market.

The competition among vendors will increase during the forecast period. Increases in players within the industry will pose a threat to existing market share. Vendors will compete to deliver competitive advantages in the market on the basis of pricing, valueadded benefits, and service portfolios. In a whole, the price of labor cost will be in a rises state, is affected by economic development, and prices have changed greatly which increase the cost of the industry.

Technological innovations have an important role in driving the growth of the market. To sustain in the competitive market, vendors should develop new ideas and technologies and stay upto-date with the advanced technologies. Different industrial production processes require the use of different types of bio-coal. Therefore, the starting point of the design is to understand exactly the needs of the industry for its process. A method tailored to bio-coal parameters is essential to bring stable, high-quality products to the market.

America was the largest revenue market with a market share of 37.71% in 2015 and 37.06% in 2020 with a decrease of 0.65%. Europe ranked the second market with the market share of 36.10% in 2019. Also, the Asia Pacific and Middle East & Africa markets for Bio-coal Market are expected to be the market with the most promising growth rate. Development of economy, increase downstream demand, technology innovation progress in emerging economies such as China, India and Brazil have led to an increase in demand.

Get the full sample please click: https://www.globalmarketmonitor.com/reports/917703-bio-coal-market-report.html