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Bioflux collaborated with SOCAR Trading to conduct a comprehensive pre-feasibility study focusing on biochar and biocarbon production in Azerbaijan. This study provided a detailed analysis of the current market landscape, feedstock suitability, technology options, and potential opportunities and risks for SOCAR Trading’s biochar initiative.
BioFlux began by evaluating the existing biochar and biocarbon market in Azerbaijan, focusing on key factors influencing the industry:
Types of Feedstock: A high-level assessment of feedstock availability, risks, and cost implications was conducted.
Technologies in Use: Together with the client, our team of experts identified existing charcoal producers to benchmark their conversion technology and product quality to that of a high-quality biochar production plant.
BioFlux analyzed the potential of various feedstocks for biochar and biocarbon production using pyrolysis and torrefaction technologies. This evaluation included a detailed examination of the chemical and physical properties of feedstocks, aligning them with SOCAR Trading’s production goals and market requirements.
The consulting team compared pyrolysis and torrefaction technologies to determine the most suitable option for SOCAR Trading. The analysis covered:
Pyrolysis Suppliers: BioFlux identified leading pyrolysis suppliers, reviewing their CAPEX, OPEX, and references from similar projects to provide a clear understanding of investment requirements.
Torrefaction Suppliers: A similar evaluation was conducted for torrefaction technologies, highlighting suppliers with the best fit for SOCAR’s needs.
Value-Added Technologies: BioFlux explored advanced technologies capable of producing fuels and functionalized carbon materials, examining the additional costs and benefits associated with integrating these options.
Based on available data from the potential technology providers and past trials, the biochar’s potential characteristics were analyzed and used to gauge potential market demand and pricing dynamics. Prospective customer interests in biochar offtake were carried out, helping SOCAR test potential sales channels and revenue opportunities.
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