Biogas consumption has gained steady momentum due to the growing development of biogas plants in rural areas, as they are known to be a free source of renewable energy. Besides providing energy, biogas plants help in the improvement of public hygiene, curbing pollution, and recycling of waste materials. The biogas produced can be used to generate electricity and act as a substitute for gasoline and other fuels.
Rising environmental concerns regarding climate change and the steadily depleting natural resources has forced an extensive use of biogas products worldwide, propelling biogas market trends and the emergence of compatible technologies. Using this renewable energy source curbs the release of methane into the atmosphere and reduces the dependency on fossil fuels.
Mitigating the effects of emissions from transportation
After having used every potential biogas in the U.S., the total methane emissions reduced will be equal to the yearly emission of around 800,000 to 11 million passenger vehicles. Moreover, anaerobic digestion can be advantageous to both climate and the local economies. Developing about 13,500 biogas systems in the U.S. would lead to adding more than 335,000 temporary jobs in construction as well as 23,000 permanent jobs.
There has been a widespread insistence on the use of renewable energy sources leading to the massive penetration of biofuel in the transportation sector. For instance, conventional biofuels held nearly 4% of the total world transport fuel in the year 2016. Numerous biofuel projects have been introduced in countries like India, Thailand, and China. Various nations importing petroleum products are backed by improved policy support for biofuels that are produced domestically and has influenced the market for ethanol and biodiesel.
Widespread production of LFG gas in the United States
Landfills have been considered the third-largest source of methane emissions related to humans in the U.S. These landfills have anaerobic bacteria content similar to a digester which breaks down different organic materials to be able to produce biogas, and in this case, it is called landfill gas (LFG). The LFG gas can be collected and used as a form of energy instead of letting the gas out into the atmosphere.
An average home in the U.S. would use nearly 10,812 kilowatt-hours of electricity every year in 2015, while the LFG projects across the U.S. produce electricity of around 17 billion kilowatt-hours as well as deliver LFG of about 98 billion cubic feet into natural gas pipelines or even to the end-users directly every year.
Favorable government policies to foster the biogas industry
Government policies regarding the use of biogas in numerous developing countries have been the prime factor driving global biogas industry forecasts. The Ministry of New and Renewable Energy in India, for instance, will be implementing the National Biogas and Manure Management Program (NBMMP) across every state as well as the Union territories. India had witnessed an installation of nearly 4.75 million biogas plants as of March 31, 2014.
The government had set a target of setting up about 110,000 biogas plants in India which has been considered as the best option for households that have feed material, as it helps them to become self-dependent for cooking gas as well as obtain a highly organic-rich bio-manure.
Similar efforts will also assist households by protecting them from air pollution indoor and also saving the cost of constantly refilling LPG cylinders. The ministry is also known to provide subsidy for biogas plants that suitable are for families, which has resulted in the rise in general awareness regarding the biogas industry and its potential contribution towards environmental upliftment.
Source: https://www.gminsights.com/industry-analysis/biogas-market
