2024 Biogas Outlook: Insights for Strategic Decision-Making

The biogas market is experiencing rapid growth, fueled by the global emphasis on renewable energy and effective waste management solutions. The surge in investments towards sustainable energy sources is significantly propelling the adoption of biogas technologies. 
 

Biogas Market Statistics (2024)	Predictions and Insights	Source
1. India is rolling out a phased Compressed Bio-Gas (CBG) Blending Obligation (CBO) with an ambitious goal of achieving a 5% blend in Compressed Natural Gas (CNG) and Piped Natural Gas (PNG) by the fiscal year 2028-29. This initiative is backed by a substantial investment of USD 4.4 billion to establish 750 CBG projects.	The CBO initiative is set to be a game-changer for India’s biofuel sector. By promoting domestic Compressed Bio-Gas (CBG) production, it will reduce the country’s reliance on LNG imports. Additionally, this move aligns perfectly with India’s net-zero emission goals, fostering a circular economy approach.	Contact us to view the source.
2. The US Department of Energy (DOE) is making a significant investment of USD 118 million into 17 projects focused on speeding up the production of sustainable biofuels for both transportation and manufacturing sectors.	This substantial funding truly highlights the US government’s dedication to pushing forward biofuel technologies. It’s a clear move towards greater energy independence and a cleaner, greener future for the transportation and manufacturing sectors.	Contact us to view the source.
3. In 2023, Europe reached a total of 1,322 biomethane-producing facilities.	The expansion of biomethane facilities throughout Europe showcases the region’s unwavering dedication to renewable energy. Biomethane is emerging as a key player in the quest to cut carbon emissions and meet energy sustainability targets.	Contact us to view the source.
4. In 2023, the UK produced 153 million liters of biofuel for the road transport market using domestically grown crops.	The UK’s initiative to produce biofuel from home-grown crops is a testament to its commitment to boosting energy security and cutting down carbon emissions in the transportation sector. By utilizing sustainable and locally sourced feedstocks, the country is making significant strides towards a greener future.	Contact us to view the source.

Biogas Market – Key Takeaways

 With the rising demand for clean energy, the biogas market is set for substantial growth. This expansion will play a vital role in diversifying energy sources and promoting environmental sustainability. Continuous advancements in biogas production and utilization will be crucial in realizing its full potential.