Guidehouse Insights Estimates Global Renewable Natural Gas Capacity Will Nearly Triple by 2033
A new report from Guidehouse Insights analyzes renewable natural gas (RNG) production capacity additions and equipment sales globally.
RNG, also known as biomethane, is produced by removing the impurities from biogas, which is released during the decomposition of organic matter such as animal or food waste. Once the biogas is upgraded to make a stream of pipeline quality methane, it becomes RNG, which is completely interchangeable with conventional fossil natural gas. According to a new report from Guidehouse Insights, global RNG capacity is expected to nearly triple between 2024 and 2033, climbing at a compound annual growth rate (CAGR) of 12.8% to exceed 1,000 billion cubic feet (Bcf) by the end of 2033.