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Gasification Market - New Revenue Pockets
The limitations of many biofuel production technologies, in terms of resource potential, greenhouse gas savings and economic viability, has created considerable interest in second generation routes. These routes offer potential for a wider range of feedstock to be used, lower greenhouse impacts, and power costs. Gasification is an important component for several proposed second generation routes, such as catalytic routes to diesel, gasoline, naphtha, methanol, ethanol and other alcohols, and syngas fermentation routes to ethanol.
The growth of the gasification market is widely seen in the China region of Asia-Pacific than remaining geographies of the world. Gasification is done to obtain gas from carbon containing materials, such as coal or biomass/waste. Chemicals, transportation fuels, and gaseous fuels, electricity are the major output of the gasification process. The increasing demand of energy has pushed gasification companies towards agreements and joint ventures. In addition to this, there are also many new products being continuously launched as the applications are influencing the outcome of gasification.
Gasification is used worldwide for diverse applications in various geographies. Asia-Pacific is the biggest market for gasification, and China has the maximum number of gasification plants for chemicals and fuels to be transported to produce fertilizers, transportation fuels, and power and chemical industries.
Gasification Market by Gasifier Type (Moving/Fixed Bed, Fluidized Bed, Entrained & Others), by Feedstock (Biomass/Waste, Coal, Natural Gas & Petroleum), by Application (Chemicals, Liquid Fuels, Power & Gas Fuels) and Geography - Global Trends and Forecasts (2014 - 2019)
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