PÖYRY POINT OF VIEW ARTICLE / 15 Jan 2014
Is Biocoal a bioenergy game changer?
Biocoal introduces a new class of sustainable, biomass fuel for global power and heat generation.
In this Point of View we explore:
The advantages of biocoal over other biomass fuels such as wood pellets
The complexities of emerging biocoal processing technology
The economics of biocoal including market potential, growth opportunities and production cost considerations
Point of View Overview
Climate change concerns have created pressure to reduce fossil fuel consumption. Once heralded as the next big thing - the potential of co-firing biomass in coal boilers has been limited by the significant capital investment required to modify fuel handling and combustion systems. However, biocoal can be co-fired in existing coal fired power plants, produced from a vast array of feedstock, and is efficient to ship, even over long distances. Entering the market for biocoal and densified biocoal products at this stage is an opportunity to lead the way in a rapidly expanding market with large potential upside.