The appetite for biomass as a source of fuel for the Indian industry is bound to increase significantly for the foreseeable future. While renewable energy sources such as solar and wind power can perhaps start replacing thermal power, a large portion of process heating in industries today is done using boilers and coal - and this cannot be replaced by electricity in the near future. For these processes to go zero carbon or low carbon, biomass is perhaps by far the best bet.
Startups such as Farm 2 Energy are thus poised to add significant value to the commercial and industrial heating through their bio-coal and biomass pellets supply chain.
The additional attraction for this startup is its strong focus on the use of paddy straw from the Punjab region, thus also alleviating the burning of paddy straw and the associated pollution in the NCR region.