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7 Reasons
Why the Biomass Industry’s Future Looks Bright in 2013

1. The next three decades will see a pronounced shift in the global power generation-fuel mix—a slowed or declining growth rate for coal (2.5%) and nuclear power (0.1 %), with an increase of nearly 6% for renewables.
SOURCE: International Renewable Energy Agency
2. The Navy has committed to replacing at least half its annual fuel, roughly 600 million barrels, with advanced biofuels by 2020.
3. Between 2010 and 2030, global biomass and waste power generation could grow from 62 to 270 gigawatts, with investments totaling between $21 billion and $35 billion.
SOURCE: International Renewable Energy Agency
4. 30 states and Washington, D.C. now have renewable portfolio standards, requiring power utilities to purchase a certain percent of renewable energy—including biomass and biogas—by a certain year.
SOURCE: U.S. Energy Information Administration
5. The U.S. military’s biofuel plan would generate at least $10 billion in economic activity and create more than 14,000 jobs by 2020
SOURCE: Environmental Entrepreneurs
6. The North American market for biogas production equipment was valued at $510 million in 2011 and is forecast to reach nearly $1.2 billion by 2016.
SOURCE: International Renewable Energy Agency
7. The global market for biogas plant equipment was worth $3 billion in 2010; by 2016, it is estimated to reach nearly $8.6 billion, a growth rate of 19.4 percent.
SOURCE: BBC Research

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