Frost & Sullivan: Favorable Laws and Programs Ignite the Biomass Gasification and Pyrolysis Market

Frost & Sullivan: Favorable Laws and Programs Ignite the Biomass Gasification and Pyrolysis Market PR Newswire MOUNTAIN VIEW, California, May 30, 2012 - Volatility in fuel prices makes a strong case for alternate fuel sources MOUNTAIN VIEW, California, May 30, 2012 /PRNewswire/ -- The nascent application of gasification and pyrolysis as power-producing technologies is soon expected to give way to a lively adoption rate of these technologies in North America. The governments are offering funding and support for renewable energy to assuage escalating environmental concerns. Analysis from Frost & Sullivan's (http://www.energy.frost.com) North American Biomass Gasification and Pyrolysis Market finds that the market earned revenues of $4.17 billion in 2010 and estimates this to reach $7.34 billion in 2017. If you are interested in more information on this research, please send an email to Britni Myers, Corporate Communications, at britni.myers@frost.com, with your full name, company name, title, telephone number, company email address, company website, city, state and country. Already in the U.S., several states have implemented Renewable Portfolio Standards (RPS), which mandates that a certain percent of electricity be generated from renewable energy sources to reduce greenhouse gas (GHG) emissions. On the back of these and other varied government incentives, the first commercial-scale biomass gasification project will begin operating in the next two years.