The wood vinegar industry has very few large and medium players and many small players; however, it is dominated by a few, which include ACE (Singapore) Pte Ltd (Singapore), Canada Renewable Bioenergy Corp. (Canada), Nettenergy BV (Netherlands), TAGROW CO., LTD. (China), and Byron Biochar (Australia), which collectively account for a major part of the wood vinegar market. Expansions, joint ventures, and collaborations were the preferred growth strategies in this market. The purpose of adopting these strategies was that they resulted in better market penetration, increased product portfolio, and helped to reach new potential markets. Other players such as New Life Agro (U.S.), Verdi Life (U.S.), Nakashima Trading Co. Ltd. (Japan), Penta Manufacturer (U.S.), and Doi & Co., Ltd (Japan) also have a strong presence in this market
Nettenergy BV (Netherlands) focuses on developing technology to convert biomass into oil. The company uses its flash pyrolysis technology to manufacture wood vinegar. It has a strong presence in the local markets for raw materials required for pyrolysis, which include wood, crop residue, and grass. Nettenergy enables owners of these raw materials such as forest managers, municipalities, and farmers to produce electricity and heat. It majorly operates in the Netherlands and is also expanding its reach through collaborations and joint ventures in countries such as Greece, India, and in the African region.
Nettenergy BV focuses on enhancing its market presence in the global food ingredients market through collaborations, joint ventures, and geographic expansions in high growth markets. In 2015, Nettenergy (Netherlands) and Biostruction (Greece) entered into an agreement of selling and using PyroFlash technology of Nettenergy in countries such as Greece, Serbia, Cyprus, Bulgaria, and Montenegro. In 2014, Shirke Energy (India) established a joint venture with Nettenergy BV (Netherlands) for its Pyroflash technology. This venture established licensing and arrangements for the Pyroflash technology in India. The company focuses on the Asian and African markets for establishing production plants. This venture offered opportunities to the companies in these regions.
Canada Renewable Bioenergy Corp.
Canada Renewable Bioenergy Corp. (Canada) is engaged in the production of bio-based, renewable products, and clean energy from a source such as biomass wastes, by using pyrolysis technology. The company has various products in its portfolio including wood vinegar, biochar, electricity, and creosote. Its wood vinegar is majorly used in agricultural applications. The company has its main operations in China; however, it has been planning on setting up a facility in British Columbia due to opportunities in the growing market for green energy in Canada.
Wood Vinegar Market by Pyrolysis Method (Slow Pyrolysis, Fast Pyrolysis, and Intermediate Pyrolysis), Application (Agriculture, Animal Feed, Food, Medicinal, and Consumer Products), and Region - Global Forecast to 2022
Markets and Markets
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