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North American Biomass Gasification and Pyrolysis Market. A Sustainable Solution to Oil Prices Variability
Frost & Sullivan, Oct 2011, Pages: 71
Government Support to Accelerate the Revenue Growth of the $4.17 Billion Biomass Gasification and Pyrolysis Market toward $7.34 Billion by 2017
Volatility in Fuel Prices Make a Strong Case for Alternate Fuel Sources
The nascent application of gasification and pyrolysis as power-producing technologies is soon expected to give way to a lively adoption rate of these technologies in North America. The governments are offering funding and support for renewable energy to assuage escalating environmental concerns. On the back of various government incentives, the first commercial-scale biomass gasification project will begin operating in the next two years. Alternate fuels’ rising profile mirrors the growth in demand for electricity, which is expected to increase by 30.0 percent in the next 20 years. Already, in the United States, several states have implemented Renewable Portfolio Standards (RPS), which mandates that a certain percent of electricity be generated from renewable energy sources to reduce greenhouse gas (GHG) emissions.
Another argument in favor of alternate fuel sources such as biomass gasification and pyrolysis is the unpredictability of fuel prices, which affect the world's leading economies. The United States is highly dependent on foreign oil. The country produces only six percent of the world's annual petroleum supply but consumes about 25.0 percent. This has created an urgent need to ensure national energy security and greater self sufficiency. “Syngas or pyrolysis oil for power generation costs more than conventional fuels,” says the analyst of this research. “However, as natural gas prices are volatile and biomass feedstock is inexpensive, syngas and pyrolysis oil are promising alternatives.”
Price volatility can be a double-edged weapon, as producers of biomass producers have found out. Fluctuations in the transportation costs of raw materials have made proximity to feedstock an important consideration when choosing a power plant's location. Decentralizing biomass power plants is an economical method to provide power to remote locations, where access to transmission lines is usually expensive. Pyrolysis’ main advantage is that it produces transportable fuel, which can be consumed irrespective of where it is produced.
However, due to the high transportation costs, it will be more profitable to create a market wherein the biomass feedstock is in the vicinity of customers. “Technological advances such as mobile pyrolysis units are expected to reduce biomass’ transportation costs after 2015,” notes the analyst. “These units focus on processing feedstock that is more than 62 miles (100 kilometers) away from major cities.” Following these developments, biomass companies are expected to gain validation and recognition, setting the stage for impressive market growth over the next five years.
The biomass gasification and pyrolysis market in North America is expected to experience high growth during the next few years as a consequence of increasing government concerns about energy security and independence. In addition, other factors, such as rising energy prices; volatility of fuel costs; and government incentives for renewable energy, are projected to contributed to the acceleration of market growth. This segment provides a broad level assessment of the total North American biomass gasification and pyrolysis market. Data is provided on market overview, scope and definitions, market segmentation, major industry challenges, drivers and restraints, projects installed and main market competitors.
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