Global Biomethane Market

Snehal Lokhande09 Apr, 2019Business

Global Biomethane Market was valued US$1.50 Bn in 2017 and is anticipated to reach US$2.80 Bn by 2026 at a CAGR of about 7.18 % during a forecast. Use of biogas technology is growing worldwide and biomethane in particular is becoming increasingly attractive for developing and emerging countries. Many of these economies generate large volumes of organic waste that can be utilized energetically, creating opportunities for investment and technology partnerships between local and international companies specializing in biogas and / or biomethane. Biomethane is a naturally occurring gas which is produced by the anaerobic digestion of organic matter that is agricultural waste, green waste, household waste, food industry waste, and even industrial waste. Shortage of conventional fossil fuels and degradation of environment has resulted into inclination toward use of renewable energy resources. Biomethane offers various environment-related benefits when used as a transport fuel.