Industrial Biomass Boiler Market: How is Biomass Leveraged?

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Industrial Biomass Boiler Market How is Biomass
Leveraged? By Sukanya Mukherjee Industrial
biomass boilers have become popular as the world
shifts towards more sustainable and
environmentally-friendly energy sources.
Similarly, the demand for renewable energy has
grown significantly in recent years, with
increased concern over climate change and a push
toward sustainability. In this regard, biomass, a
renewable energy source, is widely available and
can be used to generate heat and power. According
to Inkwood Research, the global industrial
biomass boiler market is set to register an
11.58 CAGR during the forecast period 2023-2032.
According to the International Energy Agency
(IEA), renewable energy was the fastest-growing
energy source, accounting for over 70 of global
net additions to power capacity in 2019. Also, as
per the World Bank statistics, global industrial
energy consumption is expected to increase by 40
between 2018 and 2050. Hence, governments
worldwide are implementing policies and
incentives to encourage using renewable energy
sources, including biomass. These policies
include feed-in tariffs, tax credits, and
renewable energy standards. Implementing such
policies and incentives benefits the market
growth of industrial biomass boilers. How does
Biomass benefit Major End-Users? Paper and Pulp
Industry
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• The International Energy Agency (IEA) states that
  the paper and pulp industry is highly
  energy-intensive and accounts for more than 5
  global industrial power consumption. The agency
  also stated that globally, more than 40 of the
  industrys heating needs were met using bioenergy
  with solid biomass, thus accounting for the
  highest share. In 2021, solid biomass met 55 of
  European industries energy needs. The demand for
  solid biomass is largely due to the industrys
  need for better efficiency and reduced carbon
  dioxide emissions. One of the prime reasons for
  using biomass in the paper and pulp industry for
  generating heat and power is easy to access to
  biomass feedstock.
• Plant owners are replacing older equipment with
  more efficient boilers, aiding market growth.
  According to provincial policies of China, the
  boilers in paper and pulp mills are expected to
  be completely rebuilt or eliminated during the
  14th Five Year Plan period, 2021-2025. Further,
  key areas of interest for the plan include the
  decarbonization of energy-intensive industrial
  sectors like cement, buildings, power, meat
  production, steel, transport, and the expansion
  of carbon and forest cover markets.
• Biorefineries
• The functions of a biorefinery are similar to the
  petroleum industry, wherein multiple products,
  such as value-added chemicals, biofuel
  biodiesel, and biomass power, are produced in the
  same plant from a single biomass source.
  According to a report by the European Biomass
  Association, using biomass for heat and power
  generation can result in an 80-90 reduction in
  greenhouse gas emissions compared to fossil
  fuel-based heating and power generation.
• Further, in February 2023, PBF Energy Inc and Eni
  Sustainable Mobility announced their plans to
  enter into a joint venture, St. Bernard
  Renewables LLC (SBR), where each of them
  contributes 835 million and up to an additional
  50 million to individual projects while also
  providing expertise in biorefining operations and
  supply. The biorefinery was set to open in the
  first half of 2023 with a capacity of 1.1 million
  tons. With this partnership, both partners are
  committed to producing transportation fuels with
  low-carbon intensity feedstocks.
• Key Product Developments by Global Players
• In 2022, a manufacturing plant in Ohio, Hurst
  Boiler, installed a biomass boiler to replace its
  traditional fossil fuel boiler. The new boiler
  generates heat and power by burning waste wood
  chips generated by the manufacturing process. The
  installation reduced the plants carbon emissions
  by over 80, and the cost savings from using
  biomass fuel are estimated to be around 400,000
  annually.
• In 2021, Corigin Solutions, an agricultural
  processing plant in California, installed a
  biomass boiler to generate heat and power from
  almond shells, which would otherwise be waste
  material. The installation has reduced the
  plants reliance on fossil fuels and reduced
  carbon emissions by over 90. The plant estimates
  that the biomass boiler will save around 1
  million in energy costs over the next decade.

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Conclusion Industrial biomass boilers are a
sustainable and cost-effective option for many
facilities. The benefits of reduced carbon
emissions and renewable energy sources make them
an attractive option for the end- users.
Furthermore, biomass-based electricity is often
cost-competitive than fossil fuel-based
electricity in many regions of the world,
resulting in cost savings for end-users. As more
facilities adopt sustainable practices and
explore ways to reduce their carbon footprint,
the product is anticipated to become a lucrative
option for heat and power generation, boosting
the global industrial biomass boiler market
during the forecast period.

• Frequently Asked Questions (FAQs)
• What are some of the key growth drivers of the
  global industrial biomass boiler market? A
  Growing demand for renewable energy sources,
  government incentives and regulations, cost-
• effectiveness, and increasing industrialization
  are some of the key growth drivers of the global
  industrial biomass boiler market.
• What are some of the capacities assessed in the
  global industrial biomass boiler market?
• A 2-10 MW, 10-25 MW, and 25-50 MW capacities
  are assessed in the global industrial biomass
  boiler market.