NOVELTY - The system comprises a preheater to heat biomass from a first temperature of 60 degrees C to an approximate desired torrefaction temperature of 280 degrees C, a torrefaction reactor to maintain heating of the biomass at approximately the desired torrefaction temperature for a particular period of time to generate torrefied biomass, and a furnace to generate and convey heat to the preheater and the torrefaction reactor via conduits. The preheater and the torrefaction reactor are thermally isolated. A dryer (204) is configured to decrease moisture content of the biomass.    USE - The system is useful for torrefaction and processing of biomass including wood, plants, vegetable oils, green waste, manure, sewer sludge or any other type of organic matter, and to produce fuel (e.g. coal fuel substitute, feedstock for entrained flow gasification or other fuel), a soil additive, a long-term carbon storage mechanism, and in existing fuel-burning power plants (e.g. coal-burning power plants) to generate electricity.    ADVANTAGE - The system ensures economical and efficient torrefaction and processing of biomass in an environmentally-friendly with less consumption of energy, and provides ease of handling and energy densification of densified, torrefied biomass.    DETAILED DESCRIPTION - The system comprises a preheater to heat biomass from a first temperature of 60 degrees C to an approximate desired torrefaction temperature of 280 degrees C, a torrefaction reactor to maintain heating of the biomass at approximately the desired torrefaction temperature for a particular period of time to generate torrefied biomass, and a furnace to generate and convey heat to the preheater and the torrefaction reactor via conduits. The preheater and the torrefaction reactor are thermally isolated. A dryer (204) is configured to decrease moisture content of the biomass prior to heating of the biomass by the preheater. A separator (206) is configured to segregate biomass present in the dryer from biomass particulates, vapor and volatile organic compounds present in the dryer. A conduit is configured to convey the biomass particulates, vapor and volatile organic compounds present in the dryer to the furnace for combustion. The torrefaction reactor is configured to maintain heating of the biomass within 20 degrees C of the approximate desired torrefaction temperature. The preheater further comprises a first portion to heat the biomass from the first temperature to a second temperature, and a second portion to heat the biomass from the second temperature to the approximate desired torrefaction temperature. The furnace is further configured to combust volatile organic compounds and biomass generated by one of the preheater and the torrefaction reactor to generate a portion of the heat. A stabilizer/conditioner is configured to simultaneously stabilize and condition the torrefied biomass by applying a liquid to the torrefied biomass. The system further comprises a densifier to densify the torrefied biomass. The step of stabilizing and conditioning the torrefied biomass comprises simultaneously cooling the torrefied biomass and increasing the moisture content of the torrefied biomass. The step of cooling the torrefied biomass comprises maintaining the torrefied biomass above a minimum temperature of 80 degrees C. An INDEPENDENT CLAIM is included for a method for torrefaction and processing of biomass.    DESCRIPTION OF DRAWING(S) - The figure shows a schematic view of a torrefaction system.    Airlock system (202)    Dryer (204)    Separator (206)    Screener (210)    Intermediate storage device. (212)