Biomethane Market

Air Liquide (France) and Gasum Ltd. (Finland) are leading players in Biomethane Market

The global biomethane market is anticipated to witness substantial growth, reaching USD 60.2 billion by 2030, up from an estimated USD 10.3 billion in 2023, with a Compound Annual Growth Rate (CAGR) of 28.7% during the forecast period. This growth can be attributed to the increasing global focus on renewable energy sources, prompting governments and organizations worldwide to implement policies and incentives that encourage the adoption of renewable energy, particularly biomethane. The production of biomethane often involves the anaerobic digestion of organic waste, including agricultural residues, municipal solid waste, and wastewater. This practice is in line with the principles of a circular economy, effectively transforming waste into a valuable and sustainable energy resource.

The biomethane market is characterized by the participation of numerous international players with a global footprint and local entities possessing robust domestic supply networks. Leading the market are prominent companies like Air Liquide (France), Gasum Ltd. (Finland), Archae Energy (Texas), and OPAL Fuels (US). These industry leaders employ various strategies, including entering into contracts, forming agreements, establishing partnerships, pursuing acquisitions, and engaging in expansions, all aimed at enhancing their market share.

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Air Liquide, a French multinational, stands as the world's largest supplier of industrial gases, serving diverse sectors including pharmaceuticals, chemicals, and electronics. Operating across three core segments—Gas & Services, Global Markets & Technologies, and Engineering & Construction—the company extends its services to multiple industries, including medical, electronics, and chemicals. Within its Gas & Services business segment, Air Liquide is actively engaged in providing biomethane, contributing significantly to the advancement of sustainable energy solutions. Drawing upon its extensive experience in gas production and distribution, the company plays a pivotal role in the production and dissemination of biomethane, a renewable natural gas sourced from organic materials. Air Liquide actively supports the development of biomethane projects and offers innovative solutions for the enhancement and purification of biogas. Aligned with the global push for renewable energy sources, the company's commitment to sustainability is evident in its strategic initiatives, partnerships, and a comprehensive array of solutions. Through these efforts, Air Liquide maintains a prominent position in propelling the growth and adoption of biomethane in the ever-evolving landscape of clean energy.

Gasum Ltd. stands as a leading energy company specializing in natural gas, biogas, and liquefied natural gas (LNG). With a diverse range of business areas encompassing natural gas supply, biogas production, LNG infrastructure, and energy services, the company plays a pivotal role in multiple facets of the energy sector. Gasum offers Liquified Biogas, also referred to as Liquified Biomethane, sourced from a wide array of feedstocks, including waste from homes, retail outlets, and industries, as well as municipal sewage sludge and agricultural side streams. Catering to maritime transport, power plants, residential households, and various industries, Gasum has established itself as a versatile energy provider. Headquartered in Finland, Gasum has garnered recognition for its proficiency in biomethane production and distribution, focusing on converting organic waste, such as agricultural residues, municipal solid waste, and wastewater, into a valuable and environmentally friendly energy resource. The company is committed to advancing sustainable energy solutions and adhering to circular economy principles. Operating with a global perspective, Gasum leverages its position in the biomethane market to meet the rising demand for cleaner and more sustainable energy alternatives. The company's strategic endeavors, including partnerships, investments, and technological advancements, underscore its dedication to propelling the growth of the biomethane sector and contributing to broader objectives like mitigating climate change and achieving energy sustainability.

Related Reports:

Biomethane Market by Feedstock (Energy Crops, Agriculture Residues & Animal Manure, Municipal Waste), Production Process (Anaerobic Digestion, Thermal Gasification), End-use (Transportation, Power Generation, Industrial) Region - Global Forecast to 2030

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Biomethane Market Size,  Share & Growth Report
Report Code
EP 8864
RI Published ON
11/23/2023
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