Biomass-fueled plants use organic matter (sugarcane, wood, soybean, etc.) as fuel to generate electricity, and their working principle is similar to that of thermal power plants. Biomass-fueled generation is an eco-friendly source of energy as recycling waste is a key part of the procedure. With this reason, it is a great business opportunities especially in the area where biomass is readily available, such as Southeast Asia. However, business is mostly restricted to regions that government subsidies as costs for construction and generation are relatively high.
DL Energy was operating the Poseung Biomass Combined and Cogeneration Power Plant in Korea while looking for further business opportunities in both home and Southeast Asia.