The North America biochar market is anticipated to grow from US$ 13.92 million in 2023 and is projected to reach US$ 19.44 million by 2031; it is anticipated to record a CAGR of 4.3% from 2023 to 2031.
Biochar is produced through pyrolysis, a process that heats organic material (such as agricultural waste, forestry residues, and biomass) in the absence of oxygen, thus, generating biochar, syngas, and bio-oil. These by-products are valuable sources of renewable energy, which can be used to generate electricity or heat, offering a dual benefit of carbon sequestration and renewable energy generation.
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As North America strives to reduce its dependence on fossil fuels and meet climate change mitigation goals, biochar production as a form of energy generation aligns with these objectives. The integration of biochar production with energy systems can help reduce greenhouse gas emissions by replacing traditional energy sources with cleaner, carbon-neutral alternatives. Additionally, the use of biomass feedstocks, which might otherwise be discarded or left to decompose, provides a sustainable approach to managing waste while producing valuable energy. This trend is supported by government policies focused on renewable energy development and carbon reduction. As advancements in pyrolysis technology make biochar production more efficient and cost-effective, its role as an energy source is expanding, contributing to the growth of biochar market in North America.
๐๐ ๐ฎ๐ฅ๐ฅ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ข๐ง๐ค @ https://www.businessmarketinsights.com/reports/north-america-biochar-market
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Airex Energy Inc
Black Owl Biochar
Biochar Now, LLC
Phoenix Energy
BioForceTech Corporation
Olivketts Global Energy Ltd.
American BioChar Co
Pacific Biochar Benefit Corporation
Genesis Enterprises, Inc
BioChar6
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