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1.2.3 Economic Aspects of Biomass Utilization
ОглавлениеBiomass may be utilized either directly or indirectly by industries and it participates definitely in the economy of all nations because the energy generated due to biomass is used in cooking, space heating, and many industrial processes, etc. According to “The Biomass Energy Resource Centre (BERC)”, the utilization of biomass as natural and wasted can be beneficial in terms of economic through many ways to the communities, schools and colleges, central, state and local governments, small and large businesses, and other utilities. Some of the economics related benefits are given below:
1 (i) Generation of many new jobs in the region’s economy because of biomass processes’ utilization at local level.
2 (ii) It can boost the economy because it replaces dependency of conventional fuels.
3 (iii) It can remove the import of fuels from outside countries and minimizes extra expenses.
4 (iv) It can overcome the harmful effects on health and environment generated due to use convention fuels and provides a platform for the scope of a new green revolution.
5 (v) Initial investment is high but in long terms, the valorization technologies of biomass are sustainable and profitable.
6 (vi) It can minimize the generated wastes of biomass and promotes conversion of wastes into useful energy and energy ids the key fact in any country’s economy directly and indirectly.
7 (vii) Many industries can boost their profits after utilizing wastes through direct use of biomass by applying these valorization techniques. If properly managed these things, industrial growth will be coming in the picture.