Global Biogas Market: Top 3 Applications | Forecast 2022-2030 - PowerPoint PPT Presentation

About This Presentation
Title:

Global Biogas Market: Top 3 Applications | Forecast 2022-2030

Description:

Biogas is a gas mixture produced by breaking down organic matter without oxygen. Processes such as anaerobic digestion and landfill are used to generate biogas. – PowerPoint PPT presentation

Number of Views:4
Slides: 4
Provided by: riannarodrigues
Category: Other
Tags:

less

Transcript and Presenter's Notes

Title: Global Biogas Market: Top 3 Applications | Forecast 2022-2030


1
Global Biogas Market Top 3 Applications By
Sukanya Mukherjee Biogas is a gas mixture
produced by breaking down organic matter without
oxygen. Processes such as anaerobic digestion and
landfill are used to generate biogas. Primarily
containing methane and carbon dioxide, biogas has
several advantages over fossil fuels in
applications like CHP plants, commercial use,
domestic stoves, and transportation. Inkwood
Research predicts that the global biogas market
is expected to surge with a 4.42 CAGR during the
forecast years 2022-2030. Factors such as
supportive government policies and regulations
and the need to reduce emissions will likely aid
the overall market growth over the forecast
period. Moreover, several countries have recently
witnessed increasing investments in the biogas
industry. For instance, in May 2022, the
Government of Canada and the Government of Quebec
announced joint funding of CAD 100 million for
the expansion of the bio mechanization facilities
owned by the Société d'économie mixte de l'est de
la Couronne sud (SEMECS) in Montérégie. The
expansion includes installing a new organic
material receiving area with a pit, adding three
new digesters, installing an Énergir gas transfer
platform and expanding the capacity to 120,000
tons per year.
Top Applications of Biogas across Market
Verticals Our analysis suggests that the global
biogas market can be divided into three major
applications - biofuel production, electricity
generation, and heat generation.
?
Biofuel Production
2
  • In the past few decades, the world has been
    highly dependent on fossil fuels, such as coal
    and crude oil, which were the major causes of
    greenhouse gas emissions. In recent years, many
    countries have planned to start phasing out coal
    energy to cleaner energy sources, such as natural
    gas and renewables. In several countries, biogas
    has increasingly been upgraded to compressed
    biomethane (CBG), a renewable version of
    compressed natural gas (CNG), for use in cars and
    buses. As a result, global market players are
    investing significantly to establish biofuel
    manufacturing plants globally.
  • For instance, in September 2021, Shell PLC
    announced an investment to build an 820,000 tons
    per year biofuels facility at the Shell Energy
    and Chemicals Park Rotterdam, the Netherlands.
    Once built, the facility will be among Europe's
    biggest in producing sustainable aviation fuel
    (SAF) and renewable diesel from waste. The
    Rotterdam biofuels facility is expected to start
    production in 2024.
  • Electricity Generation
  • There is a rapid surge in electricity generation
    globally owing to accelerating energy demands
    from urbanization, industrialization, and
    expanding population levels. Burning wood and
    wastes generate steam in biomass power plants
    that may be used to generate heat in buildings
    businesses or to drive a turbine to produce
    electricity. In 2021, global electricity
    generation exceeded 2752.52 Terawatt-hours (TWh),
    rising from 21570.7 TWh in the year 2010.
  • Furthermore, as per World Biogas Association
    (WBA), around 10-13 of the global greenhouse
    gases (GHG) can be reduced with the help of
    biogas produced from sewage, industrial
    production wastes, food waste, and feedstocks
    from agriculture. The optimization of fuels and
    reduction in GHG is predicted to significantly
    impact electricity generation in South America,
    Asia-Pacific, Africa, and other developing
    regions, which are majorly investing in several
    strategies to boost the role of biogas in
    electricity generation.
  • Heat Generation
  • One of the simplest use of biogas is for thermal
    (heat) energy. In areas where fuels are scarce,
    biogas systems can provide heat energy for basic
    cooking and water heating functionalities.
    Gaslighting systems can also use biogas for
    illumination. The biogas uses a heating plant and
    combined heat and power (CHP) to generate heat.
  • Furthermore, various countries are investing in
    biogas-based projects due to energy security
    concerns and lowering the dependency on fossil
    fuels. For instance, in May 2022, with a total
    investment of around 16.8 million, Kelag Energie
    Warme announced its plans to build a biomass
    power plant to supply heat in a municipality in
    some parts of Vorarlberg. Hence, with the
    increasing demand for heat generation through
    clean energy sources coupled with supportive
    government policies and investment, the biogas
    market for heat generation applications is
    expected to witness significant growth during the
    forecast years.
  • Applicability of Biogas Future Prospects
  • When biogas is conditioned or upgraded to
    pipeline-quality natural gas, it becomes
    renewable natural gas (RNG). The future uses of
    renewable natural gas are expected to depend on
    the development of renewable resource markets. As
    a result of high oil prices and limited renewable
    fuel options, biogas in

the transportation industry will likely be a key
demand driver. Moreover, biogas is a low-cost
option for
3
  • zero-carbon transportation fuel. Therefore,
    several industries will potentially consume the
    majority of renewable biogas produced.
    Ultimately, technological advances are expected
    to determine the prospects of renewable natural
    gas, but its success also depends on a level
    playing field in energy policy, determining the
    growth of the global biogas market.
  • Frequently Asked Questions (FAQs)
  • Which regions are assessed in the global biogas
    market?
  • A Europe, North America, Asia-Pacific, and Rest
    of World are assessed in the global biogas
    market.
  • Which key segments are analyzed in the global
    biogas market report?
  • A Source type and application segments are
    analyzed in the global biogas market report.
Write a Comment
User Comments (0)
About PowerShow.com