Press release
Global Biomethane Market is expected to reach a valuation of US$2,624.5 mn by 2025
Biomethane can be produced either by anaerobic digestion or by gasification of organic matter. Organic matter fed into the biomethane plant is transformed by anaerobic process into biomethane i.e. a compound of methane (CH4) and carbon dioxide. As of 2016, Biomethane production from biogas was a single largest source, globally. Biogas is upgraded by various gas treatment processes to produce biomethane. During this upgrading process, contaminants are either absorbed or scrubbed from the gas to obtain more methane per unit volume of the residual gas.Gasification converts organic matter into syngas, which is then processed to produce methane. Methane as a whole is about 20 times more potent GHG (Greenhouse Gas) than CO2 if released in atmosphere. When used in power generation, it generates heat and emits carbon dioxide and some other gases. Despite all this shortcomings, biomethane produced from organic matter eliminates the release of a great deal of methane and other harmful gases into the atmosphere. The production of biomethane eliminates exposure of decaying organic matter to the air. This avoids methane and other harmful gases from fleeing into the atmosphere.
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Global Biomethane Market: Research Methodology
Primary research represented the bulk of research efforts, supplemented by extensive secondary research. We reviewed key players’ product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities.
Secondary research sources which were typically referred to include but are not limited to: company websites, annual reports, financial reports, internal and external proprietary databases as well as relevant patent and regulatory database, national government documents, statistical databases, market reports, news articles, press releases, industry magazines, webcasts specific to companies operating in the market, and regulatory databases such as ICIS, Hoover’s, Factiva and Bloomberg, national government documents, statistical databases, and webcasts specific to companies operating in the biomethane market.
We conduct primary interviews on an ongoing basis with industry participants and commentators to validate data and analysis. Primary and secondary research were conducted to understand and arrive at trends, which were employed to carry out forecasts for the biomethane market. These help validate and strengthen secondary research findings. These also help develop the analysis, team’s expertise and market understanding.
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Global Biomethane Market: Competitive Landscape
Key major players operating in the biomethane market include CNG Services Ltd., SGN, PlanET Biogas Global GmbH, Future Biogas Ltd., VERBIO, Magne Gas, Gasrec, Gazasia Ltd., Biogas Products Ltd., Schmack Carbotech GmbH, EnviTec Biogas AG, SoCalGas, ETW Energietechnik GmbH, ORBITAL, and JV Energen.
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