£0.00 Global Gasification Market is estimated to be US$ 203.37 billion

Global Gasification Market is estimated to be US$ 203.37 billion

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Global Gasification accounted for US$ 98.2 billion in 2020 and is estimated to be US$ 203.37 billion by 2030 and is anticipated to register a CAGR of 7.6%. Gasification is a process that turns carbonaceous materials derived from biomass or fossil fuels into gases, the most abundant of which are nitrogen (N2), carbon monoxide (CO), hydrogen (H2), and carbon dioxide (CO2) (CO2). This is accomplished by heating the feedstock material to high temperatures (usually >700 °C) and regulating the amount of oxygen and/or steam present in the reaction. The resulting gas mixture is known as syngas (from synthesis gas) or producer gas, and it is a fuel in and of itself due to the flammability of the H2 and CO that make up the majority of the gas. If the gasified chemicals were acquired from biomass feedstock, power can be gained from the following combustion of the resultant gas, which is considered a renewable energy source.

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