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According to this source:

Biocoal is carbon neutral and cost efficient, it offers a similar power 
output to coal, and can be burned in existing boilers with little or no 
modification. Robert Stokes explores its potential as a cogneration 
fuel.

I hope you find this as interesting and thought provoking as I did.


http://www.cospp.com/articles/print/volume-13/issue-03/features/new-solid-fuel-could-offer-an-effective-carbon-neutral-option-for-the-future.html


-- 
Cary Putnal
BioEnergy and Sustainable Technology Laboratory
Soil and Water Science Department
University of Florida