PHOTO CREDIT: Grant Wilson / Public Domain

Biocoal is a biomass fuel. Biocoal is a replacement of coal, and it has high carbon content, is energy dense, hydrophobic (does not absorb moisture from the air) and is highly resistant to biodegradation. As such, it is also an alternative to coking coal for in steel and other metallurgical industries. Also, unlike wood pellets and other biomass, thermal power plants can use biocoal without significant changes to their plants.

The US is the largest market for the global biocoal sector, accounting for 37% of global sales.  The global biocoal market was US $2,592 MM in 2020, having increased from 1,746 MM in 2015.  It is expected to have a CAGR of 8.16% and reach US $2,592 MM in 2025.