Biomethane Market challenges and Forecast

Mahendrajakore20 Oct, 2022News

Biogas upgraders in the developed world pin tall hopes on the production of biomethane as a sustainable fuel, primarily due to the usage of renewable feedstock and removal of CO2 from biogas. Of the various feedstock used, agricultural waste has become commonplace. The biomethane market has witnessed spurt of opportunities from the booming renewable energy sector, with biomethane forming a crucial role in the energy mix of several progressive nations across the globe. Rise in usage of biomethane in the energy sector is shaping the evolution of the biomethane market. Analysts at TMR project the market to reach valuation of US$ 4 Bn by 2031, clocking a CAGR of 6.9% between 2021 and 2031.