BUSINESS CASE ASSESSMENT FOR BIOCOAL MARKET UPTAKE

The proposed Booster Grant aims to expand the application of biocoal produced in the H2STEEL project beyond steelmaking to include cement manufacturing, potentially offering higher added value and significant carbon footprint savings.

A comprehensive market analysis, technical and economic feasibility studies, and the development of a business case for biocoal in various industrial sectors are essential components of the proposal.Key activities include assessing the technical viability and market demand for biocoal, identifying strategic industrial contacts, and analyzing the impact of the European Trading Scheme on target industries.

RE-CORD, leveraging its expertise and established infrastructure, will lead the assessment and experimental tasks, ensuring the project's alignment with EU sustainability mandates.The work package structure covers market assessment, strategy definition, and business case development.

These will involve evaluating market dynamics, competitive landscape, financial viability, and operational strategies for biocoal introduction.

The ultimate goal is to convince funding evaluators of the necessity to support the project for achieving a sustainable, profitable market rollout of biocoal, thereby extending the environmental and economic impacts of the H2STEEL innovations.