The global bio-methane market is likely to expand considerably in the coming years due to the rising uptake of bio-methane as a transportation fuel. According to a report by Fortune Business Insights, titled “Bio-methane Market Size, Share and Global Trend By Source (Agricultural waste, Municipal solid waste, Animal manure, Sewage sludge, Food waste), By Application (Automobile, Power Generation), By Technology (Fermentation, Gasification) and By Geography Forecast till 2026,” the market is likely to gain traction in the coming years due to a high demand for natural gas alternatives.
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Global warming has been an ongoing issue and although it cannot be completely stopped, there is a bundle of ways that can help reduce the effects of harmful gases. The primary concern would be replacing fuels such as petrol and diesel with sustainable alternatives. Bio-methane is an excellent source of transportation and acts as an excellent alternative for fuels. The demand for bio-methane may increase in the coming years due to advancements in the production of natural gas through waste, including food, degradable items, manure, and others.
Top Players Overview:
- Clarke Energy
- CNG Ltd
- Future Biogas Ltd
- Bio Green USA, Inc.
- Orbital Gas Systems Ltd.
- Landwärme GmbH
- VERBIO North America Corporation
- EnviTec Biogas AG
- PlanET Biogas USA
Researchers Break Ground With New Theory for Bio-Methane Production
In 2017, engineers from the Michigan Technological University have come up with a new theory for production of bio-methane. The scientist claim that bio-methane produced through from anaerobic digestion can emit fewer harmful gases than the natural gas. The distillation of bio-methane from cow manure and other food wastes can reduce the use of fossil natural gases. This process can also help minimize emissions through landfill wastes. This concept may overcome the problems associated with bio-methane emission. The ‘waste-to-power’ concept can lead to an increase in demand for bio-methane. Fortune Business Insights predicts that this factor will favor the growth of the global bio-methane market in the coming years.
UK-Based CNG Fuels to Open Five New Renewable Bio-methane Stations
In May 2019, CNG Fuels announced that it plans to open five new bio-methane stations, due to the increasing demand for biodiesel alternatives, mainly from heavy goods vehicles (HGV). The company expects these stations to serve around 3000 HGVs a day. The fuel supplied by the company is renewable and it has been assessed and tested under the Department for Transport’s Renewable Transport Fuel Obligation (RTFO) scheme. “CNG Fuel’s plan to launch new stations can suffice the soaring demand for bio-methane, and the global bio-methane market will benefit from a shift in preference from diesel to bio-methane in the UK,” said a lead analyst at Fortune Business Insights.
Key Segmental Overview:
- By Source
- By Application
- By Technology
- By Geography
Southern California Gas Co. Makes Proceedings in its Dairy-Biomethane Project
Southern California Gas Co. (SoCalGas) announced that it plans to make advancements in the dairy bio-methane projects after receiving approval from the California Public Utilities Commission (CPUC). The company received clearance for proceeding in the construction of four new dairy bio-methane projects in the US. The company aims at reducing greenhouse gas emissions with the help of dairy digesters. The projects will include steps to curb methane emissions and serve renewable natural gas to an estimated 40,000 homes a year. These projects are likely to boost the demand-supply ratio for bio-methane in the US. Fortune Business Insights states that SoCalGas’ dairy-bio-methane projects will favor the growth of the global bio-methane market in the forthcoming years.
Increasing the use of smart grids and smart metering are likely to help for the better management of power services. Better infrastructural facilities are also expected to encourage growth in the market.
Rising privatization and relaxation in the FDI norms are factors enabling growth in the market. Also, governments are heavily investing in power projects, which in turn, may fuel demand for Bio-methane across the globe.
The information used is derived from various primary and secondary sources. It also throws light on some of the major players operating in the market. The report studies profiles of these leading companies and their share in the market. It provides insights on some of the strategies adopted by these companies to survive the competition and maintain their stronghold.
- North America
- Asia Pacific
- Latin America
- Middle East and Africa