When hydrogen is produced through a pyrolysis process, it creates biochar. This is the charcoal-like substance that remains after biomass is slowly heated in an atmosphere without oxygen. Essentially, it is trapped carbon that would have otherwise found its way back into the atmosphere. Biochar is considered to be one of the most sustainable ways to dispose of CO2 because it can be repurposed for use in a wide range of industries.
Experts estimate that the global biochar market will continue to grow at an average CAGR of 13.2%. By 2025, the market will be valued at US$3.1 billion. While, in the Asia Pacific, the demand for biochar will rise significantly due to its applications in the region’s considerable livestock and organic farming industries.
Currently, advancements in pyrolysis technology and the rising popularity of hydrogen are pushing market growth, accounting for 63.4% of total revenue. These factors will continue to drive the market, which is expected to be worth US$6.3b by 2031.
The anticipated success of biochar is reflected by global organisations, like the United Nations, publicly acknowledging it as a viable strategy for reducing environmental pollution worldwide.
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