GLOBAL interest in monetising biological resources, or biomass, has surged in recent years. Many countries are looking to this renewable resource as a way to help reduce global warming, thereby mitigating the climate crisis. As the world strives for green growth, as defined by the United Nation’s Sustainable Development Goals (these are 17 global goals designed to be a “blueprint to achieve a better and more sustainable future for all”), biomass has suddenly become a valuable resource.
Contrary to popular perception, biomass is not only used for energy generation. It is increasingly being investigated for many other applications, including the use of biomass to produce industrial chemicals as well as advanced composite materials now in high demand by many industries. Many countries have invested in biomass R&D, hoping to build a vibrant industry from it.
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