Synthetic Natural Gas Companies - Basin Electric Power Cooperative (US), Air Liquide (France) and EnviTec Biogas AG (Germany) are Key Players
The global synthetic natural gas market is expected to reach USD 68.4 billion by 2029, up from an anticipated USD 23.9 billion in 2024, at a CAGR of 23.4% over the forecast period. Synthetic natural gas (SNG) occupies a crucial position in the ongoing global energy transition. It serves as a vital bridge between traditional fossil fuels and emerging renewable energy sources like wind and solar power.
Major Synthetic Natural Gas Market Companies include
- Basin Electric Power Cooperative (US),
- Air Liquide (France),
- EnviTec Biogas AG (Germany),
- Verbio SE (Germany),
- Kinder Morgan (US).
Due to the abundant availability of networks, a few global and regional firms have a solid presence in the Synthetic natural gas market. To grow their market share, these organizations used techniques such as product launches, contracts, agreements, partnerships, acquisitions, investments, and expansions.
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Basin Electric Power Cooperative, headquartered in Bismarck, North Dakota, is one of the largest electric generation and transmission cooperatives in the United States. While historically focused on coal-based power generation, Basin Electric has been diversifying its energy portfolio in response to market and regulatory pressures. The company offers Synthetic Natural gas under their largest subsidiary, the for-profit Dakota Gasification Company, owns and operates the Great Plains Synfuels Plant near Beulah, North Dakota, which gasifies lignite coal and captures some of the carbon dioxide emissions (CO2) and sends them to produce several value-added products. The company has geographic presence in Inland, Europe, North America, and Other Foreign.
Air Liquide is a significant player in the Synthetic Natural Gas (SNG) market, leveraging its expertise in industrial gases and energy solutions. SNG, also known as substitute natural gas or renewable natural gas, is produced through the gasification or anaerobic digestion of organic materials such as biomass, agricultural waste, or municipal solid waste. Air Liquide's involvement in the SNG market typically revolves around providing key technologies and solutions for gasification processes or biogas upgrading. The company is one of the largest global suppliers of industrial gases. It operates through three business segments: Gas & Services, Global Markets & Technologies, and Engineering & Construction. Air Liquide has geographic presence in Americas, Europe, Asia Pacific, Middle East and Africa.
EnviTec Biogas AG is a leading player in the synthetic natural gas (SNG) market, known for its innovative solutions in biogas production and upgrading. The company specializes in the conversion of organic waste materials into biogas through anaerobic digestion, a process that harnesses the natural decomposition of organic matter by bacteria to produce methane-rich gas. In the realm of SNG, EnviTec Biogas AG is at the forefront of technology, utilizing advanced processes to upgrade biogas to a quality comparable to natural gas. This involves removing impurities such as carbon dioxide and hydrogen sulfide, as well as adjusting the gas composition to meet pipeline specifications. Through their expertise in biogas upgrading, EnviTec Biogas AG contributes significantly to the development of renewable energy sources and the reduction of greenhouse gas emissions. EnviTec has a worldwide presence with its own subsidiaries, joint ventures, and sales offices. The company has geographic presence in Germany, France, Italy, Denmark, Czech Republic, great Britain, USA, China, Estonia, and Others.
Related Reports:
Synthetic Natural Gas Market by Source (Coal, Biomass, Renewable Energy), Technology (Anaerobic Digestion & Fermentation, Thermal Gasification, Power to Gas, Fluidized bed gasifier, Entrained flow gasifier), Application & Region - Global Forecast to 2029
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