The Global White Bio-coal Market was valued at US$ 3,037 Million in 2025 and is projected to reach US$ 5,397 Million by 2034, growing at a Compound Annual Growth Rate (CAGR) of 8.8% during the forecast period. This robust growth is being propelled by stringent environmental regulations, the global push for carbon-neutral energy sources, and the increasing adoption of renewable alternatives across industries like ceramics, chemicals, and power generation.

As industries worldwide seek to decarbonize their operations, white bio-coal has emerged as a key player in the transition to a circular economy. This high-density, clean-burning solid biofuel, derived from biomass through processes like pyrolysis and hydrothermal carbonization, offers a sustainable substitute for fossil coal. In this blog, we profile the Top 10 Companies in the White Bio-coal Industry—innovators and manufacturers who are shaping the future of renewable solid fuels.

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🔟 1. Airex Energy

Headquarters: Bécancour, Quebec, Canada
Key Offering: CarbonFX™ Torrefied Biomass (White Pellets)

Airex Energy is a global pioneer in biomass torrefaction technology. The company’s patented CarbonFX™ process converts a wide range of residual biomass into a high-energy, hydrophobic, and stable bio-coal that is a direct drop-in replacement for thermal coal. Their technology is deployed in industrial and utility-scale applications worldwide.

Innovation and Technology:

• Patented 4th generation Torbed™ reactor technology for efficient torrefaction

• Focus on converting forestry and agricultural residues into value-added bioenergy

• Strategic partnerships for global technology deployment and project development

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9️⃣ 2. TorrCoal

Headquarters: Heerlen, Netherlands
Key Offering: Torrefied Biomass Pellets and Briquettes

TorrCoal specializes in producing high-quality torrefied biomass, often referred to as biocoal. Their product is designed to be a sustainable and carbon-neutral alternative to fossil coal, with superior characteristics including high energy density, low moisture content, and excellent grindability for co-firing in power plants.

Innovation and Technology:

• Advanced torrefaction process ensuring consistent product quality

• Focus on creating a stable, transportable, and storable solid biofuel

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8️⃣ 3. SSGE Bio Energy Company Ltd.

Headquarters: Kuala Lumpur, Malaysia
Key Offering: White Bio-coal Briquettes and Pellets

SSGE Bio Energy is a key player in the Southeast Asian bio-coal market, leveraging the region’s abundant biomass resources. The company produces bio-coal from agricultural wastes like palm kernel shells and empty fruit bunches, serving both local industrial energy needs and international export markets.

Innovation and Technology:

• Utilization of Malaysia’s vast palm oil biomass waste streams

• Integrated supply chain from biomass sourcing to final product delivery

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7️⃣ 4. ETIA SAS

Headquarters: Compiègne, France
Key Offering: Ecorex® Torrefaction Technology and Systems

ETIA is a leading engineering company that designs and supplies continuous torrefaction and carbonization equipment. While not a direct producer, ETIA empowers companies worldwide to manufacture white bio-coal through its innovative Ecorex® technology, which is renowned for its energy efficiency and precise process control.

Innovation and Technology:

• Pioneer in conveyor-belt torrefaction technology (Ecorex®)

• Solutions for processing diverse feedstocks, including sewage sludge and biomass

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6️⃣ 5. Global Bio-Coal Energy Inc.

Headquarters: Vancouver, Canada
Key Offering: Biomass Torrefaction and Densification Solutions

Global Bio-Coal Energy Inc. focuses on the development and commercialization of advanced torrefaction technologies. The company aims to provide cost-effective solutions for producing biocoal, positioning itself as a technology provider and potential producer in the burgeoning renewable energy sector.

Innovation and Technology:

• Development of proprietary torrefaction processes

• Focus on creating a commercially viable alternative to thermal coal

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5️⃣ 6. Vega Biofuels, Inc.

Headquarters: Norcross, Georgia, USA
Key Offering: Torrefied Biomass (Bio-coal) for Industrial Use

Vega Biofuels is engaged in the manufacturing and distribution of torrefied biomass products. The company utilizes timber waste to produce its bio-coal, targeting the global industrial fuel market as a cleaner and more sustainable option for heat and power generation.

Innovation and Technology:

• Utilization of wood waste from timber operations

• Focus on the North American and European industrial energy markets

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4️⃣ 7. NextCoal International, Inc.

Headquarters: New York, USA
Key Offering: NextCoal® (a synthetic coal substitute)

NextCoal International has developed a patented process to convert various types of biomass and waste materials into a high-energy solid fuel called NextCoal®. This product is designed to emulate the properties of bituminous coal, making it suitable for a wide range of industrial applications without requiring modifications to existing equipment.

Innovation and Technology:

• Patented thermochemical conversion technology

• Ability to process mixed biomass and municipal solid waste streams

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3️⃣ 8. CSC Bio-Coal Sdn. Bhd.

Headquarters: Selangor, Malaysia
Key Offering: Bio-coal from Palm Biomass

CSC Bio-Coal is a significant producer in Malaysia, specializing in converting palm oil mill residues into high-grade bio-coal. The company plays a crucial role in the circular economy of the palm oil industry, turning waste into a valuable renewable energy commodity for domestic use and export.

Innovation and Technology:

• Specialization in palm kernel shell (PKS) and empty fruit bunch (EFB) processing

• Strong foothold in the Asia-Pacific renewable energy supply chain

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2️⃣ 9. Nexgen Energia

Headquarters: Ahmedabad, India
Key Offering: Bio-coal Pellets and Briquettes

Nexgen Energia is one of India’s fastest-growing clean energy companies, with a strong focus on bio-coal production. The company aims to provide sustainable fuel solutions to Indian industries, contributing to the country’s renewable energy targets and reducing dependence on imported fossil fuels.

Innovation and Technology:

• Large-scale production targeting the Indian industrial sector

• Focus on affordability and accessibility of clean energy solutions

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1️⃣ 10. Hind Bio Coal

Headquarters: Kolkata, India
Key Offering: Biomass Briquettes and White Bio-coal

Hind Bio Coal is a prominent manufacturer and supplier of biomass-based solid fuels in Eastern India. The company produces bio-coal briquettes from agricultural and forestry waste, serving a diverse clientele in sectors such as ceramics, textiles, and food processing.

Innovation and Technology:

• Established regional supply network for biomass sourcing and distribution

• Focus on providing cost-effective and eco-friendly industrial heating solutions

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🌍 Outlook: The Future of White Bio-coal Is Bright and Sustainable

The white bio-coal market is experiencing a significant transformation, driven by the global energy transition. As a carbon-neutral fuel with a high energy density and excellent handling properties, bio-coal is increasingly viewed as a viable and immediate solution for decarbonizing industrial heat and power generation.

📈 Key Trends Shaping the Market:

• Rising carbon pricing and emissions trading schemes favoring low-carbon fuels

• Increasing corporate commitments to net-zero targets and ESG (Environmental, Social, and Governance) criteria

• Technological advancements reducing the production cost of torrefied biomass

• Growing demand from emerging economies for sustainable and locally sourced energy

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The companies listed above are not only manufacturing a product—they are building the foundation for a more sustainable and circular industrial ecosystem, proving that economic growth and environmental stewardship can go hand in hand.