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2020 biomass production value is expected to create $ 230 billion


June 29, the World Economic Forum (WEF) released the results of the latest research, forecasting the development trend of large biorefinery production facilities will largely reduce dependence on fossil resources, 2020 by converting biomass fuel which energy and chemicals is expected to generate $ 230 billion to the global output.


  


By 2020, biofuels market is expected to grow to more than three times now to achieve $ 95 billion in sales, biomass products accumulated income is expected to reach $ 15 billion, biochemicals will show substantial growth trend, accounting for all chemicals share 9%, the production of biomass raw output is expected to create $ 90 billion, while for heating and electricity generation biomass feedstock demand is expected to double.