Biocarbon study: feedstock availability, conversion pathways, and market opportunities

The goal of this study commissioned was to explore the potential for biocarbon project development in British Columbia. The province is a promising biocarbon hub due to its abundant biomass resources and public commitment to sustainability. However, challenges such as varying biomass feedstock availability, high production costs, limited markets, and awareness gaps hinder widespread adoption. This study, conducted by ESMIA, provides a comprehensive techno-economic and environmental analysis of the biocarbon value chain in British Columbia. The study’s methodology involves detailed modelling using the economy-wide energy system model NATEM. The project includes a literature review, technology review, feedstock analysis, stakeholder consultations, and scenario modelling to assess the most cost-effective and sustainable biocarbon pathways in BC. The analysis considers the interactions between British Columbia’s existing and future biocarbon sector and its broader energy system, projecting energy demands and optimizing supply chains to meet policy targets. The study culminated in a detailed report titled Biocarbon Rising: From Concept to Commercialization with actionable insights, a policy and regulatory assessment, and an action plan to address barriers and capitalize on opportunities in the biocarbon market.