Biomass Boiler Market Driven by Growth and Forecast 2016 – 2024

The rising awareness regarding the use of biomass as a suitable low-carbon and sustainable alternative to fossil fuels such as coal for the generation of power and heat is the key driver of the global biomass boiler market. Developed as well as developing economies across the globe have ramped up their efforts for reducing greenhouse gas emissions, of which finding ways of minimizing reliance on fossil fuels and switching to carbon-neutral fuels such as biomass is an important step.

Illinois lawmakers propose biotech tax credits

The legislation, introduced by Republican state Sen. Chapin Rose of Mahomet and Democratic state Sen. Andy Manar of Bunker Hill, would provide incentives to produce and sell new renewable products made from biomass and other renewable sources, the Herald & Review reported. “We have leading biotechnology companies, large and small, that are leading research and development efforts on these innovative products, and we have critical mass in infrastructure to produce and transport these renewables around the world,” Manar said.

Burning Wood Beats Coal at J-Power Amid Climate Change Fight

Electric Power Development Co., known as J-Power, is looking to build its first major power plant that burns natural gas near cities such as Tokyo as well as use more woody biomass instead of fossil fuels, Executive Officer Hitoshi Kanno said. That’s because even the most advanced coal technology on offer now isn’t enough for companies like J-Power to meet Prime Minister Shinzo Abe’s emissions goal, he said.

As Sun Sets on Canada Energy, Grafton Eyes Renewables

Grafton Asset Management Inc., a firm that has brought foreign investment into Canada’s oil and gas industry, is looking to add alternative energy to its portfolio for the first time as it positions itself for the decline of fossil fuels. “I’m worried about the future of the industry in general,” Geeta Sankappanavar, president and chief operating officer of the Calgary-based investment firm, said in a phone interview on Tuesday.