Biomethane Market - Opportunities, Size & Growth Projections
Global Biomethane Market was valued at USD3944.28 million in 2021 and is anticipated to project robust growth in the forecast period with a CAGR of 5.80% due to massive capital investment and development in the Transportation sector and Gas distribution facilities. Biomethane, also known as Renewable Natural Gas (RNG) is a near-pure source of Methane produced either by upgrading biogas (which typically is a mixture of methane, carbon dioxide and small quantities of other gases produced by anaerobic digestion of organic matter in a non-oxygenated environment) or through the gasification of solid biomass followed by methanation. Production capacity and Energy content of biomethane precisely depend on the type of feedstock and the production pathway. Upgrading Biogas to Biomethane could be a major driver for future growth in the market. Technological advancements in the manufacturing of a portable fabricator for anaerobic digestion can be a breakthrough across the glob...