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The Thermal Conversion market is a subset of the Biofuels industry, which focuses on the production of energy from biomass. Thermal Conversion is a process that uses heat to convert biomass into a usable form of energy, such as electricity, heat, or fuel. This process is often used to produce renewable energy from biomass sources, such as wood, agricultural waste, and other organic materials. Thermal Conversion is a cost-effective and efficient way to produce energy from biomass, and is becoming increasingly popular as a renewable energy source. Thermal Conversion technologies include pyrolysis, gasification, and combustion. Pyrolysis is a process that uses heat to break down biomass into a liquid fuel, while gasification is a process that uses heat to convert biomass into a combustible gas. Combustion is a process that uses heat to convert biomass into heat and electricity. Some companies in the Thermal Conversion market include Enviva, Enerkem, and Fulcrum BioEnergy. Enviva is a leading producer of wood pellets, which are used as a renewable energy source. Enerkem is a leading producer of biomethane, a renewable energy source produced from biomass. Fulcrum BioEnergy is a leading producer of renewable jet fuel, which is produced from biomass. Show Less Read more