Global Biomass Solid Fuel Market
The global biomass solid fuel market is expected to exhibit a CAGR of 8.5% during the forecast period, in terms of revenue. The growth of the global biomass solid fuel market is attributed to increasing demand for renewable energy across the globe. Various manufacturing units are shifting their energy source from coal to biomass solid fuel to adopt sustainable energy sources. For instance, in 2019, Toshiba converted the Mikawa coal-fired power plant to operate as a biomass-fired power plant. Besides, according to National Renewable Energy Laboratory (NREL), the production of wood pellets has witnessed rise in the recent years, owing to the emission policy imposed by the European Union (EU)
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