Great potential in liquid biogas
European biogas production has grown by 640 percent between 2011 (5 TWh) and 2021, reaching approximately 37 TWh today, which is sold as compressed or liquid biogas. Biogas accounts for 4.5 percent of the gas market in the EU.
Liquid biogas has clear advantages as a fuel for heavy road transport and shipping. It is easy to transport, has a high energy content per cubic meter, and can be easily packaged and distributed to different fueling stations or injected into the gas grid. Additionally, liquefied biogas can fully or partially replace liquid fossil gas in existing facilities or vehicles, thus significantly reducing CO2 GHG emissions in the transport sector.
The market predicts a significant increase in demand for renewable energy suitable for heavy transport. For example, the Swedish initiative "Klimatklivet" has provided support for production facilities and fueling stations for renewable fuels across the country. Furthermore, the demand from the Nordic shipping industry is increasing as more shipping companies invest in gas-powered vessels that can eventually be fueled with liquid biogas.
Liquid biogas is the most scalable and cost-effective form of renewable gas and currently accounts for one-sixth of the total biogas market. The potential is enormous, and the European Biogas Association (EBA) estimates that 40-60 percent of Europe's total gas demand could be met by biomethane.
Companies could relatively easily achieve their emission goals with liquefied biomethane, as it is economically viable and utilizes the same infrastructure and systems as natural gas. Therefore, it does not require as significant investments as other renewable energy sources.