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Renewable Energy
The paper examines the viability of biomass gasification as a technology for decarbonizing energy-intensive industries, specifically the steel sector, which significantly contributes to CO2 emissions. Biomass gasification, which converts biomass into syngas and biochar, is presented as a sustainable alternative to fossil fuels like coke and natural gas. The techno-economic analysis indicates that while the investment and operational costs of gasification are influenced by market factors, advancements in gasification technologies have improved efficiency and reduced byproduct tar. The study found that large-scale operations (processing 10,000-20,000 tons of biomass per year) are economically feasible, with potential high returns and short payback periods. The dual output of syngas and biochar enhances gasification's competitiveness, especially when biochar's role as a negative emissions technology is factored into carbon credit schemes. Sensitivity analysis emphasizes the impact of syngas quality, CO2 credit prices, and natural gas costs on the economic success of gasification projects. The paper suggests that governments and industry should establish supportive regulatory frameworks and incentives to promote biomass gasification adoption. The paper concludes by highlighting the technology's transformative potential for industrial decarbonization, aligning with both environmental and financial goals. The growing focus on CO2 reduction and the benefits of carbon credit markets are poised to increase the attractiveness of biomass gasification further.
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