Biochar

What is Biochar?

Known as a carbon-rich product produced from biomass by using pyrolysis which basically means at high temperatures with little to no oxygen. Home Grown Fuels’ biochar is made using primarily with a woody biomass substance. Biochar is currently used to stabilize soil contaminants and is emerging as a technique for remediation of contaminated soils.

Our immediate market is the use of biochar as a soil amendment. Globally, soil degradation is a constant concern within agriculture. By adding low temperature biochar to compromised soils, we can improve soil quality and compost properties. The structure of biochar is unique in its benefits to hold moisture, nutrients (including nitrogen and phosphorus), and agrochemicals (since the biochar does not degrade, lesser amounts of agrochemicals are required in the future). Primary enhancing features of biochar include:

  • Increasing water retention
  • Moderating acidity
  • Improving microbial properties
  • Strengthening root systems
  • Improving electrical conductivity
  • Suppressing plant parasites
  • Regulating nitrogen leaching
  • Accelerating composting progress
  • Reducing compost’s ammonia losses, bulk density, and odor

In the United States, biochar is being used increasingly as an organic amendment to make soil healthy by retaining water, increasing microbial activity, strengthening root systems, and suppressing plant parasites, thereby maintaining healthy soil. The recommended application is no more than 10T/acre (USU Extension), and it does not require annual application. It is typically a one-time application because it does not degrade.

The US biochar market was approximately $150M in 2022 and is projected to grow at more than 16% CAGR for the period of 2023-2030 (SkyQuest Technology), driven by greater adoption by farmers and interest in green agricultural solutions.

Market

The advent of graphene in the manufacturing sector is akin to the revolutionary impact of plastic in the 20th century

Market Growth and Diversification: The graphene market is experiencing significant growth, driven by the diversification of applications across electronics, energy storage, composites, biomedical devices, and more. This expansion is facilitated by graphene’s unique properties, including superior strength, electrical conductivity, and flexibility.

According to a report by Mordor Intelligence, the graphene market is expected to reach $0.79 billion USD in 2024 and grow at a CAGR of 43.64% to reach $4.84 billion USD by 2029. Similarly, Grand View Research projects a compound annual growth rate (CAGR) of 35.1% for the global graphene market from 2024 onwards.

Furthermore, Fortune Business Insights states that the global graphene market size was valued at $337 million USD in 2022 and is projected to grow to $2,958 million USD by 2032, exhibiting a CAGR of 31.6% during the forecast period.

These growth projections and the disruptive potential of graphene in various industries support the claim that it is set to become a pivotal material in modern manufacturing, akin to the impact of plastic in the 20th century.