Biomass is considered the renewable energy source with the highest potential for replacing fossil fuels in the short- and medium term. Biomass is available almost everywhere on earth in the form of both renewable raw materials and biogenic wastes generated by human activities, e.g., agricultural and livestock activities, food processing and timber industry. Biomass is the only renewable energy, which is based on sustainable carbon. Whereas other renewable resources produce heat and power only, biomass has the further advantage of its possible conversion into chemicals, commodities and liquid fuels for transportation [1, 2], thus competing with fossil fuels in all their applications. Unlike other renewable energy resources, such as solar and...