Latest Trends In Global Renewable Natural Gas Market

Renewable natural gas (RNG), also known as biomethane or green natural gas, is a sustainable and environmentally friendly alternative to conventional natural gas.

It is produced from organic materials, such as agricultural and municipal waste, wastewater, food scraps, and other organic matter through a process called anaerobic digestion or thermal gasification.

RNG is considered renewable because it is derived from sources that can be replenished naturally, making it a valuable resource in the transition to cleaner and more sustainable energy systems.

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RNG is considered a low-carbon or even carbon-negative fuel because the carbon dioxide produced during its combustion is offset by the carbon dioxide that was absorbed by the organic materials during their growth.

This closed carbon cycle results in a net reduction of greenhouse gas emissions when RNG is used instead of fossil fuels.

GLOBAL RNG (RENEWABLE NATURAL GAS) MARKET SIZE AND FORECAST

The Global RNG (Renewable Natural gas) Market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.

RECENT DEVELOPMENT

Southern California Gas Co. (SoCalGas) has filed an application with the California Public Utilities Commission (CPUC) to support the development of a pilot project that would utilize organic waste such as chipped wood, along with nut shells, and turn it into renewable natural gas (RNG).

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The CPUC adopted the Renewable Gas Procurement Standard, which sets goals for the procurement of renewable gas made by capturing methane emitted by organic waste from wastewater treatment plants, dairies, landfills, agricultural waste, and forestry residues.

The standard also requires SoCalGas to replace approximately 12.2 percent of the traditional gas it delivers to core customers with renewable natural gas.

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THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

How many Renewable Natural Gas are manufactured per annum globally? Who are the sub-component suppliers in different regions?
Cost breakup of a Global Renewable Natural Gas and key vendor selection criteria
Where is the Renewable Natural Gas manufactured? What is the average margin per unit?
Market share of Global Renewable Natural Gas market manufacturers and their upcoming products
Cost advantage for OEMs who manufacture Global Renewable Natural Gas in-house
key predictions for next 5 years in Global Renewable Natural Gas market
Average B-2-B Renewable Natural Gas market price in all segments
Latest trends in Renewable Natural Gas market, by every market segment
The market size (both volume and value) of the Renewable Natural Gas market in 2023-2030 and every year in between?
Production breakup of Renewable Natural Gas market, by suppliers and their OEM relationship.

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This release was published on openPR.