Industrial Biomass Boiler

Industrial Biomass Boiler Market Outlook

The global industrial biomass boiler market was valued at approximately USD 9 billion in 2023, with a projected compound annual growth rate (CAGR) of around 10% from 2025 to 2035. This promising growth can be attributed to the increasing shift towards renewable energy sources as industries aim to reduce their carbon footprints and adhere to stricter environmental regulations. Additionally, the rising demand for energy-efficient technologies and the growing trend of sustainability among businesses are further propelling the market. The urgency to combat climate change and the depletion of fossil fuel resources are also significant factors driving the adoption of biomass boilers across various sectors. Furthermore, the continuous advancements in boiler technology and enhanced performance metrics are expected to contribute to the market's expansion in the forthcoming years.

Growth Factor of the Market

One of the primary growth factors of the industrial biomass boiler market is the increasing focus on sustainable energy production. With global initiatives aimed at reducing greenhouse gas emissions, industries are progressively turning to biomass as a cleaner alternative to fossil fuels. Furthermore, government incentives and subsidies for renewable energy projects are significantly encouraging investments in biomass boiler technologies. The rising costs of conventional energy sources have also prompted industries to explore biomass fuel, which is often more economically viable. Additionally, technological innovations in biomass boilers, such as improved efficiency and reduced emissions, are making these systems more attractive to end-users. The growing awareness of energy independence and the benefits of using locally sourced biomass are further enhancing market growth.

Key Highlights of the Market

• Increasing regulatory support for renewable energy projects driving demand.
• Technological advancements improving boiler efficiency and reducing emissions.
• Growing energy costs prompting industries to adopt biomass solutions.
• Heightened focus on sustainability within various industrial sectors.
• Expanding applications of biomass boilers across diverse industries.

By Product Type

Stoker Boilers:

Stoker boilers are a prevalent type of biomass boiler, primarily utilized for large-scale industrial applications. These boilers are characterized by their ability to continuously burn solid biomass fuel, such as wood chips or agricultural residues. The stoker design facilitates efficient combustion, leading to lower emissions and enhanced energy recovery. Notably, stoker boilers are known for their robust construction and high thermal efficiency, making them suitable for industries requiring consistent and reliable heat output. The increasing demand for energy-efficient solutions and the growing focus on utilizing waste biomass for energy generation are propelling the adoption of stoker boilers globally. Their adaptability to various biomass fuels further broadens their applicability across different sectors, thereby increasing their market share.

Fluidized Bed Boilers:

Fluidized bed boilers are gaining traction in the industrial biomass boiler market due to their versatility and efficiency. These boilers utilize a mixture of solid biomass fuel and air to create a fluidized state, enhancing combustion efficiency and reducing emissions. The ability to burn a wide range of biomass feedstocks, including low-quality fuels, makes fluidized bed boilers particularly valuable for industries looking to optimize fuel usage. Furthermore, their lower operational costs and reduced environmental impact compared to traditional boilers contribute to their increasing preference among industrial users. As regulatory frameworks continue to emphasize cleaner energy sources, the market for fluidized bed boilers is expected to expand considerably in the coming years.

Bubbling Fluidized Bed Boilers:

Bubbling fluidized bed boilers represent a specialized category within fluidized bed technology that offers unique advantages for biomass combustion. These systems operate with a lower bed density, allowing for better fuel mixing and more uniform heat distribution. As a result, bubbling fluidized bed boilers are highly efficient in utilizing various biomass feedstocks, leading to effective energy generation while minimizing pollutant emissions. The adaptability of these boilers to different operating conditions and the capability to handle fluctuating fuel properties further enhance their appeal in the industrial sector. Given the growing emphasis on environmental sustainability, the use of bubbling fluidized bed boilers is projected to rise, particularly in regions with strict emissions regulations.

Circulating Fluidized Bed Boilers:

Circulating fluidized bed (CFB) boilers are known for their exceptional efficiency and flexibility in fuel utilization, making them a favored choice in the biomass boiler market. These systems are designed to circulate bed material, allowing for better heat transfer and combustion efficiency. CFB boilers can operate at lower temperatures, which reduces the formation of harmful nitrogen oxides and particulate matter. Moreover, their ability to handle a wide variety of biomass feedstocks, including difficult-to-burn materials, positions them as a practical solution for industries aiming to diversify their energy sources. As the demand for clean energy continues to grow, the adoption of CFB boilers is expected to increase, driven by their superior performance and environmental benefits.

Biomass Pellet Boilers:

Biomass pellet boilers are designed specifically for burning pelletized biomass fuel, which has gained popularity due to its high energy density and low moisture content. These boilers are known for their automated feeding systems, which ensure consistent fuel supply and efficient combustion. This type of boiler is particularly suited for residential and small to medium-sized industrial applications, where space constraints may limit the use of larger boiler systems. The increasing awareness of the environmental benefits of using biomass pellets, combined with the availability of sustainable feedstock from forestry and agricultural residues, is driving the growth of pellet boilers. Additionally, advancements in pellet production technology are making biomass pellets more accessible, further enhancing the market for biomass pellet boilers.

By Application

Power Generation:

Power generation is one of the primary applications of industrial biomass boilers, as they provide a renewable source of energy that can significantly contribute to electricity production. These boilers convert biomass fuel into steam, which drives turbines to generate electricity. As countries strive to transition to greener energy sources, the use of biomass in power generation is becoming increasingly prevalent. The ability of biomass boilers to utilize a variety of waste materials further enhances their attractiveness as a sustainable energy solution. The global push towards reducing carbon emissions and increasing renewable energy capacities is driving investments and developments in biomass power generation, thereby expanding the market for industrial biomass boilers used in this application.

Heating:

The heating application of industrial biomass boilers is a crucial segment within the market, as these systems provide an effective solution for both residential and industrial heating needs. Biomass boilers can generate hot water and steam for heating purposes, making them suitable for various applications, from district heating systems to large-scale industrial processes. The cost-effectiveness and environmental benefits associated with biomass heating are driving its adoption in regions where traditional heating methods are becoming less feasible due to rising energy costs. As sustainability continues to be a priority for businesses and households alike, the demand for heating solutions provided by biomass boilers is expected to rise significantly in the coming years.

Combined Heat and Power (CHP):

Combined Heat and Power (CHP) systems that utilize biomass boilers are gaining popularity due to their ability to simultaneously generate electricity and useful heat from a single energy source. This dual-output capability enhances overall energy efficiency, making CHP systems an attractive option for industries looking to optimize their energy usage. By utilizing biomass as the primary fuel, these systems also contribute to reducing greenhouse gas emissions, aligning with global sustainability goals. The growing emphasis on energy efficiency and the rising costs of traditional energy sources are driving the adoption of biomass-based CHP solutions across various sectors. With technological advancements enabling improved performance and reliability of these systems, the CHP segment of the biomass boiler market is poised for substantial growth.

Others:

In addition to power generation, heating, and CHP applications, industrial biomass boilers are also utilized in various other sectors, including food processing, textile manufacturing, and chemical production. These applications leverage the biomass boiler's capabilities to provide energy and process heat essential for operations. The versatility and adaptability of biomass boilers make them suitable for diverse industrial applications, allowing companies to optimize their energy consumption while minimizing their environmental impact. As more industries seek to implement sustainable practices, the demand for biomass boilers in these additional applications is expected to rise, further contributing to market growth.

By Distribution Channel

Direct Sales:

Direct sales are a significant distribution channel for industrial biomass boilers, as manufacturers often establish direct relationships with end-users to better understand their specific needs. Through direct sales, manufacturers can provide customized solutions, including tailored designs and installation services, ensuring optimal performance of the biomass boiler systems. This channel allows manufacturers to maintain a closer connection with their customers, facilitating ongoing support and maintenance services post-installation. Additionally, direct sales can enhance customer trust and satisfaction by providing a clearer line of communication and accountability. As the industrial sector continues to evolve, the direct sales model is becoming increasingly important in delivering more efficient and effective biomass energy solutions.

Indirect Sales:

Indirect sales channels, which include distributors, agents, and retailers, also play a vital role in the industrial biomass boiler market. By leveraging established networks and relationships, these intermediaries can effectively reach a broader customer base and provide biomass boiler solutions to various industries. Indirect sales often allow for more significant market penetration, particularly in regions where manufacturers may not have a strong presence. The ability of distributors to bundle biomass boilers with complementary products and services can enhance the overall value proposition for customers. As the market grows and diversifies, indirect sales channels are expected to become increasingly relevant in facilitating access to biomass boiler technologies.

By Feedstock Type

Woody Biomass:

Woody biomass, derived from trees and shrubbery, is one of the most common feedstocks used in industrial biomass boilers. This type of feedstock includes wood chips, bark, and sawdust, which are often by-products of the forestry and lumber industries. The abundance of woody biomass makes it a readily available source of renewable energy, helping to reduce waste while contributing to energy generation. The high energy content and favorable combustion characteristics of woody biomass contribute to its popularity in biomass boiler applications. As industries increasingly seek sustainable energy solutions, the use of woody biomass in biomass boilers is expected to continue to expand, supported by regulatory frameworks encouraging the utilization of renewable resources.

Agriculture & Forest Residues:

Agricultural and forest residues, including straw, corn stover, and leaves, are emerging as essential feedstocks for industrial biomass boilers. Utilizing these residues not only promotes waste reduction but also provides an economical source for energy production. The integration of agricultural residues into biomass boiler systems enhances sustainability by converting what would otherwise be discarded into valuable energy resources. Furthermore, as agricultural practices evolve and the push for sustainable farming increases, the availability of agricultural residues for biomass energy generation is expected to rise. This trend will likely drive the growth of biomass boilers that cater to this specific feedstock type, making them an attractive choice for energy production in rural areas.

Urban Residues:

Urban residues, such as municipal solid waste and organic waste from households, are increasingly recognized as viable feedstocks for biomass boilers. The utilization of urban waste not only addresses waste management challenges but also contributes to sustainable energy generation. Biomass boilers that can effectively process urban residues are vital for enhancing urban sustainability efforts, as they help reduce the volume of waste sent to landfills while producing energy. Moreover, the ability to generate energy from urban waste aligns well with the global movement towards circular economy principles, where waste is viewed as a resource. The growing focus on urban sustainability initiatives is likely to propel the adoption of biomass boilers that utilize urban residues as feedstock in the coming years.

Energy Crops:

Energy crops, specifically cultivated for biomass energy production, are gaining attention as dedicated feedstocks for industrial biomass boilers. These crops, which include species like switchgrass and miscanthus, are designed for high biomass yields and optimal energy production. The cultivation of energy crops provides a sustainable approach to biomass energy, as these crops can be grown on marginal lands, reducing the competition with food crops. Moreover, the use of energy crops offers the potential for improved energy security and reduced dependence on fossil fuels. As the demand for renewable energy continues to rise, the market for biomass boilers utilizing energy crops is expected to grow, driven by advances in agricultural practices and plant breeding for biomass production.

Algae:

Algae is an innovative and emerging feedstock for biomass boilers, offering unique advantages in biomass energy production. As a rapidly growing organism, algae can be cultivated in various environments, including freshwater and saltwater, making it a versatile and abundant source of biomass. The high lipid content in certain algae species can be converted into biofuels, while the biomass can also be utilized directly in boilers for energy production. The use of algae as a feedstock aligns with sustainability goals, as it can be grown on non-arable land and does not compete with food crops. As research and development in algae cultivation and processing continue to advance, the potential for algae-based biomass energy solutions is expected to contribute to the growth of the industrial biomass boiler market.

By Region

In the Asia Pacific region, the industrial biomass boiler market is anticipated to grow significantly, driven by the increasing adoption of renewable energy sources and government initiatives promoting biomass utilization. Countries such as China and India are leading this growth, focusing on reducing their reliance on fossil fuels and enhancing energy security through biomass energy. The market in this region is projected to expand at a CAGR of approximately 11% from 2025 to 2035, highlighting the critical role of biomass boilers in achieving these nations' energy and environmental goals. As industries in Asia Pacific continue to embrace sustainable practices, the demand for industrial biomass boilers is expected to rise substantially.

North America is also witnessing a robust growth trajectory in the industrial biomass boiler market, supported by the increasing emphasis on energy efficiency and sustainability initiatives. The United States and Canada are investing heavily in renewable energy projects, including biomass energy production. This region is particularly focused on developing advanced biomass technologies that enhance boiler efficiency and reduce emissions. The market size in North America is expected to reach approximately USD 4.5 billion by 2035, reflecting the strong commitment to transitioning towards cleaner energy sources. The growing awareness of environmental concerns and the economic benefits of biomass energy are further propelling market growth in this region.

Opportunities

The industrial biomass boiler market presents numerous opportunities for growth, particularly in the context of technological advancements and innovations. As companies invest in research and development, there is potential for breakthroughs in boiler efficiency, emissions reduction, and fuel adaptability. The integration of smart technologies, such as IoT and automation, into biomass boilers can enhance operational efficiency and provide real-time monitoring, leading to improved performance and reduced costs. Furthermore, the increasing collaboration between public and private sectors to promote renewable energy initiatives creates a favorable environment for biomass boiler investments. By harnessing these opportunities, market players can strengthen their positions and contribute to the global transition towards sustainable energy solutions.

Another significant opportunity lies in the expanding global focus on waste-to-energy initiatives. As municipalities and industries seek sustainable solutions for waste management, the use of biomass boilers for converting waste materials into energy can address both environmental and energy needs. The growing awareness of the circular economy and sustainability principles is pushing industries to explore biomass as a renewable energy source. Additionally, the rise of bioeconomy initiatives that emphasize renewable resources and sustainable practices further amplifies the potential for growth in the industrial biomass boiler market. By tapping into these evolving trends, companies can position themselves at the forefront of the transition to a more sustainable energy landscape.

Threats

Despite the promising growth of the industrial biomass boiler market, several threats could potentially hinder its expansion. One of the most significant threats is the fluctuating prices of biomass feedstocks, which can create instability in operational costs for biomass boiler operators. As competition for biomass resources increases, particularly from other industries seeking to utilize these materials for energy generation or other applications, prices may rise, impacting the overall economics of biomass boiler operations. Additionally, the reliance on specific feedstocks may expose industries to supply chain vulnerabilities, leading to disruptions in energy production. Furthermore, the potential for regulatory changes or the implementation of stricter emissions standards could necessitate costly upgrades to existing biomass boiler systems, posing a financial threat to operators. Therefore, stakeholders must navigate these challenges carefully to ensure continued market growth.

Another critical threat to the industrial biomass boiler market is the ongoing competition from alternative energy sources, such as solar and wind energy. As advancements in renewable energy technologies continue to progress, the cost-effectiveness and efficiency of these alternatives may overshadow biomass energy solutions. This competition could lead to a gradual decline in interest in biomass boilers, particularly in regions where other renewable sources become more dominant. Additionally, public perception and acceptance of biomass combustion as a clean energy solution may pose challenges, particularly in areas with strong environmental advocacy. Companies in the biomass sector must work diligently to address these perceptions and demonstrate the environmental benefits of biomass energy to mitigate these threats effectively.

Competitor Outlook

• ANDRITZ AG
• Valmet Oyj
• GE Power
• Siemens AG
• Foster Wheeler AG
• Hurst Boiler & Welding Company, Inc.
• John Thompson
• Clarke Energy
• Burns & McDonnell
• Rentech Boiler Systems
• Biomass Energy Europe
• Stork Thermeq
• Hurst Boiler & Welding Company, Inc.
• Greenlane Renewables Inc.
• Bioenergy International AB

The competitive landscape of the industrial biomass boiler market is characterized by a diverse array of companies, each contributing to innovation and advancements in biomass technologies. Major players such as ANDRITZ AG and Valmet Oyj are at the forefront, offering a wide range of biomass boiler solutions tailored to meet the specific needs of various industries. These companies invest heavily in research and development to enhance boiler efficiency and reduce emissions, aligning with the growing demand for sustainable energy solutions. Additionally, strategic partnerships and collaborations among market players are becoming increasingly common, allowing companies to leverage each other's strengths and expand their market presence. This dynamic competitive environment fosters continuous innovation and drives the overall growth of the industrial biomass boiler market.

Companies like GE Power and Siemens AG are also significant players in the biomass boiler sector, providing advanced technology and integrated solutions that focus on optimizing energy production. Their extensive experience in power generation equips them with the knowledge and capabilities to deliver high-efficiency biomass boilers that comply with stringent environmental regulations. Furthermore, these companies often engage in large-scale projects that contribute to regional energy transition goals, thereby solidifying their positions in the market. The commitment to sustainability and clean energy initiatives is a central theme among these competitors, reflecting the broader trend towards renewable energy adoption in various industries.

Emerging players such as Greenlane Renewables Inc. and Bioenergy International AB are also making their mark in the industrial biomass boiler market. These companies are focusing on innovative biomass technologies and exploring new feedstock types, positioning themselves as leaders in sustainability. Their commitment to environmentally friendly practices and advanced biomass solutions resonates with industries seeking to enhance their sustainability profiles. As the market evolves, these emerging players will play a crucial role in driving innovation and expanding the reach of biomass technologies across different sectors.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 RITZ AG
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 GE Power
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 Siemens AG
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 Valmet Oyj
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 Clarke Energy
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 John Thompson
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 Stork Thermeq
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 Burns & McDonnell
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 Foster Wheeler AG
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 Biomass Energy Europe
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 Rentech Boiler Systems
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 Greenlane Renewables Inc.
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 Bioenergy International AB
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 Hurst Boiler & Welding Company, Inc.
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Industrial Biomass Boiler Market, By Application
    • 6.1.1 Power Generation
    • 6.1.2 Heating
    • 6.1.3 Combined Heat and Power (CHP)
    • 6.1.4 Others
  • 6.2 Industrial Biomass Boiler Market, By Product Type
    • 6.2.1 Stoker Boilers
    • 6.2.2 Fluidized Bed Boilers
    • 6.2.3 Bubbling Fluidized Bed Boilers
    • 6.2.4 Circulating Fluidized Bed Boilers
    • 6.2.5 Biomass Pellet Boilers
  • 6.3 Industrial Biomass Boiler Market, By Feedstock Type
    • 6.3.1 Woody Biomass
    • 6.3.2 Agriculture & Forest Residues
    • 6.3.3 Urban Residues
    • 6.3.4 Energy Crops
    • 6.3.5 Algae
  • 6.4 Industrial Biomass Boiler Market, By Distribution Channel
    • 6.4.1 Direct Sales
    • 6.4.2 Indirect Sales

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Asia Pacific - Market Analysis
    • 10.2.1 By Country
      • 10.2.1.1 India
      • 10.2.1.2 China
      • 10.2.1.3 Japan
      • 10.2.1.4 South Korea
  • 10.3 Latin America - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 Brazil
      • 10.3.1.2 Argentina
      • 10.3.1.3 Mexico
  • 10.4 North America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 USA
      • 10.4.1.2 Canada
  • 10.5 Middle East & Africa - Market Analysis
    • 10.5.1 By Country
      • 10.5.1.1 Middle East
      • 10.5.1.2 Africa
  • 10.6 Industrial Biomass Boiler Market by Region

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global Industrial Biomass Boiler market is categorized based on

By Product Type

• Stoker Boilers
• Fluidized Bed Boilers
• Bubbling Fluidized Bed Boilers
• Circulating Fluidized Bed Boilers
• Biomass Pellet Boilers

By Application

• Power Generation
• Heating
• Combined Heat and Power (CHP)
• Others

By Distribution Channel

• Direct Sales
• Indirect Sales

By Feedstock Type

• Woody Biomass
• Agriculture & Forest Residues
• Urban Residues
• Energy Crops
• Algae

By Region

• Asia Pacific
• North America
• Latin America
• Europe
• Middle East & Africa

Key Players

• RITZ AG
• Valmet Oyj
• GE Power
• Siemens AG
• Foster Wheeler AG
• Hurst Boiler & Welding Company, Inc.
• John Thompson
• Clarke Energy
• Burns & McDonnell
• Rentech Boiler Systems
• Biomass Energy Europe
• Stork Thermeq
• Hurst Boiler & Welding Company, Inc.
• Greenlane Renewables Inc.
• Bioenergy International AB