Biomethane Market: Global Industry Analysis and Forecast (2024-2030)

Krajput28 Aug, 2024News

Biomethane is rising as a particularly lucrative opportunity for commodity traders, driven by rapid market growth, feedstock, end-consumer diversity, and early market positioning. As European production of biomethane is set to increase tenfold by 2030, the biomethane market is expected to present a considerable trading (buying and selling) margin potential. This growth is fueled with the aid of the pressing need for decarbonization across challenging sectors which include heavy-obligation transport and business warmth, wherein biomethane serves as a possible alternative to standard natural gas. The European biomethane market, currently accounting for about 2% of overall natural gas intake, is expected to reach a total addressable market of 300 to 340 TWh by 2030.