Bio-Refinery Products Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019
Bio-refinery utilizes biomass conversion equipment and processes in order to produce fuels, chemicals, power and heat from biomass. The bio-refinery concept is equivalent to present petroleum refineries, which produce numerous products and fuels from petroleum. The International Energy Agency (IEA) defines bio-refining process as sustainable conversion of biomass into useful bio-based products. Additionally, with production of several products in a single process their intermediates; bio-refinery maximizes the value of production. Hence, these added value increases the profitability of bio-refinery products.
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