Shengquan Group(SH:605589) Chan Ye Xin Xi Wang·2026-02-17 23:44Core Insights - The biochar market in China is projected to reach 16.055 billion yuan by 2025, with the agricultural sector accounting for 9.994 billion yuan and the energy and environmental sectors contributing 6.061 billion yuan [10][11]. Group 1: Biochar Industry Overview - Biochar is a solid material rich in carbon, produced from biomass through pyrolysis under low oxygen conditions, typically at temperatures below 700°C [2][3]. - The primary components of biochar include carbon, hydrogen, oxygen, and nitrogen, with carbon content exceeding 70% [2][3]. - Biochar is derived from various organic waste materials, including agricultural residues like chicken manure, pig manure, wood chips, and straw, as well as industrial organic waste and urban sludge [2][3]. Group 2: Biochar Production Methods - Biochar production methods are categorized into traditional kiln methods and industrial slow pyrolysis, with significant differences in efficiency and environmental impact [4][5]. - Traditional methods involve low-cost, simple operations but result in lower carbonization rates and environmental pollution due to unprocessed emissions [4][5]. - Industrial slow pyrolysis offers higher efficiency, standardized processes, and better product quality, suitable for large-scale production and high-value applications [4][5]. Group 3: Policy Background - China has introduced a series of policies to support the biochar industry, focusing on production standardization, resource utilization, and carbon credit valuation [6][7]. - Key policies include the GB/T44290-2024 standard for biochar carbon accounting and the TCAMIE37-2025 standard for defining biochar and regulating production technology [6][7]. Group 4: Biochar Industry Chain - The biochar industry chain consists of upstream biomass raw materials, midstream biochar manufacturers, and downstream application scenarios primarily in agriculture and environmental remediation [8]. - Key players in the midstream include companies like Wanrong Technology, SEEK, and Shengquan Group, which utilize pyrolysis technology to convert raw materials into biochar products [8]. Group 5: Current Development Status - The biochar industry in China is experiencing rapid growth driven by carbon neutrality goals, agricultural transformation, and enhanced environmental policies [9][10]. - By 2025, biochar production is expected to reach 54,700 tons, with demand at 52,500 tons, indicating a balanced supply-demand scenario [12]. Group 6: Competitive Landscape - The biochar production sector in China is characterized by a large number of medium-sized enterprises, leading to a competitive market with no dominant players [13][14]. - Companies like Shengquan Group are expanding their production capabilities, with significant revenue growth projected for 2024 [14][15]. Group 7: Future Trends - The biochar industry is shifting towards market-oriented carbon asset development, with policies supporting carbon credit projects [16]. - There is a growing trend towards high-value applications of biochar, including functional fertilizers and water treatment materials, driven by emerging market demands [16].