Investment in the biomethane sector, or renewable natural gas (RNG), is increasing, with significant mergers and acquisitions as major oil companies and manufacturers establish their presence. This sector, though small, plays a key role in global decarbonization. By 2050, biomethane capacity is expected to grow sevenfold to 74 billion cubic meters (bcm), meeting about 2% of the global annual gas demand, and nearly 10% of global LNG demand. Its importance will vary by region; for instance, Europe’s biomethane production could surpass North Sea gas output by 2050.
Current projections for biomethane could be conservative. In the US, existing production from landfills, which constitutes 70% of the national biomethane supply, only taps into 10% of the 40 bcm annual potential. This figure is expected to grow, not accounting for other sources like animal manure, food waste, and wastewater treatment. Europe’s biomethane resource potential might reach 150 bcm by 2050, enough to cover 100% of its gas demand. Brazil’s agricultural resources could produce up to 44 bcm. The widespread availability of feedstock for biomethane suggests significant growth potential in both developed and developing markets.
#biomethane #hydrogen #renewables #naturalgas #oilandgas #regulatory #monetizing #decarbonization
FERTILIZER - AGRICULTURE AGENT/BROKER
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