Global biomethane market: assessment for 2023-2024
According to CEDIGAZ, global biomethane production expanded to 7.7 billion cubic metres (bcm) in 2022, a growth of 20% compared to 2021, driven by Europe and North America. It is estimated at 9.5 bcm in 2023, an increase of 23%.
For the SAF platform, we have prepared an overview of CEDIGAZ‘s annual report on the global biomethane market for 2024, which focuses on trends in global and regional biomethane markets in 2023.
Sector development
Over the past decade, the biomethane industry has become one of the key sectors of renewable energy. The three main drivers of the adoption of biomethane – decarbonization, methane emissions reductions and security of supply – are driving enabling policies and investments, leading to massive growth in the sector.
The sector is constantly innovating to:
- adapt its technologies to new market needs (e.g. bio-CO2, bio-LNG, biohydrogen);
- commercialize innovative technologies to treat a variety of feedstocks (e.g. gasification);
- deploy modular designs for faster builds, and achieve cost reductions by scaling up production.
Main indicators
European production grew almost 20% to 4.2 bcm in 2022 (3.4 bcm in the EU), driven by growth in France, Denmark, Italy and the UK mainly. Production is estimated at 5 bcm in 2023 (+ 19% year-on-year).
In North America, the US has reinforced its leading position, accounting for almost a third of global production. US biomethane production increased to 2.5 bcm in 2022 from 275 facilities and is expected to exceed 3 bcm in 2023.
Based on announced national and regional biomethane production targets, the global biomethane market could reach as much as 117 bcm by 2030, with the largest growths expected in North America, the EU, Brazil, China and India.
Read the full material with more information about the report’s results on the SAF platform.
We remind you that UABIO is a partner of the Sustainable agribusiness platform (SAF).
SAF is a communication platform that brings together agribusiness stakeholders and aims to establish strong links between market players and introduce sustainable approaches in agriculture. For this platform, our team prepares verified professional content on the bioenergy sector.
