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How peat is obtained? Write its economic...

How peat is obtained? Write its economic value.

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A large amount of dead thallus of Sphagmum gets accumulated and compressed, hardened to form peat. It is used as fuel in commercial scale (Netherlands). Nitrates, brown dye and tanning materials are derived from peat. Sphagnum and peat are also used in horticulture as packing material because of their water holding capacity.
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