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Peat is a type of fossil fuel formed from the partial decomposition of organic matter, such as plants, in anaerobic conditions. It is composed of partially decayed plant material, which is usually found in wetlands and bogs. Peat is harvested for use as a fuel source, and is also used in horticulture and agriculture. Peat is a low-grade fuel, and is not as efficient as other fossil fuels such as coal and oil. It is also not as widely used as other fossil fuels, and is mainly used in rural areas.
Peat is a renewable energy source, and is considered to be carbon-neutral. It is also a relatively inexpensive fuel source, and is often used in areas where other fossil fuels are not available.
Companies in the peat market include Bord na Móna, a leading Irish peat producer, and Peat International, a global peat supplier. Other companies in the market include Peat Resources, Peatland Energy, and Peatland Solutions. Show Less Read more