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Europe to utilize biomass energy

By Anna Austin
Web exclusive posted June 27, 2008 at 12:13 p.m. CST

According to a new analysis by Frost & Sullivan, which assessed the European biomass energy markets, the continent may achieve its goal of utilizing 20 percent renewable energy in the next 12 years by using biomass as a significant source.

The analysis revealed that biomass, which is already the largest renewable resource in use, would be most efficient in reducing carbon dioxide emissions and ensuring a sustainable energy source while also meeting rising energy demands in Europe. Frost & Sullivan analysts stated that when taking into account skyrocketing oil prices and the lack of secure natural supplies, producing power locally has heightened benefits and "is essential for a healthy energy market in Europe." Currently, biomass accounts for approximately five percent of the energy consumption in Europe, and up to 20 percent in countries such as Finland, Sweden, and Austria.

Despite recognizing market restraints, such as high capital costs involved in primary stages of establishing biomass power plants and lower fuel quality, researchers are optimistic that with careful evaluation of production and transaction expenditures, as well as appropriate modifications and standardization techniques for fuel upgrading, these deterrents may be outweighed by market drivers. "Ensuring acceptable cost, quality, and adequate supply of biomass fuel will be critical to the successful implementation of bio-energy projects," Frost and Sullivan analysts said.

To learn more about the Strategic Assessment for European Biomass Energy Markets, visit www.energy.frost.com.
 

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