Biogas Market ‘to Reach $8.9bn by 2017′
Growth will be driven by a number of factors including volatile gas and oil prices, increased government focus on renewable energy production, legislation encouraging the production and utilization of biogas and an increasingly stable supply of biogenic raw materials, according to Biogas Plants – A Global Strategic Business Report.
Also, a sharper emphasis among farmers, professional energy suppliers and manufacturing companies to turn organic residues and wastes into value will help spur the growth, the report says. The agriculture and food industries could see a significant growth in the number of small-sized biogas plants located at the site where waste is produced, the report says.
Europe currently dominates the world market, but the ongoing European debt crisis and resulting austerity measures are posing some systemic concerns for the biogas industry. India is poised to emerge into the fastest growing regional market, the report says.
In other biogas news, waste-to-energy company Covanta Energy Corporation this week completed commercial demonstration testing on what it says is a first-of-its-kind gasification technology. The CleerGas technology has the ability to gasify unprocessed post-recycled municipal solid waste in a commercial setting, while reducing emissions and increasing energy efficiency, Covanta says. In testing CleerGas, which stands for Covanta Low Emissions Energy Recovery Gasification, processed 350 tons of post-recycled municipal solid waste per day, the company said.
In February, energy efficiency and renewable energy company Ameresco and the Philadelphia Water Department announced plans to design, build and maintain a 5.6 MW wastewater biogas-to-energy facility.
The Northeast Water Pollution Control Plant Biogas Project will cost $47.5 million to build and should reduce carbon emissions by about 22,000 tons per year, the companies said. Electricity and thermal energy will be generated mainly by biogas from the NEWPCP digesters. Prior to the project only half of the gas generated at the plant was being used for heating purposes, while the other half was flared.
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