Global Bio-LNG Market: Industry Overview
The demand for bio-LNG is anticipated to grow with the increasing demand from end-use industries such as automotives, ships, and others. Furthermore, it is anticipated that during the projected period of 2025-2034, there will be an increasing adoption of bio-LNG in the automobile industry, and several governments are expected to implement policies and incentives to encourage the production and use of bio-LNG in various regions. For instance, the European Union has been setting targets to increase the use of renewable energy in the transport sector. In addition, the European Union has introduced the Alternative Fuels Infrastructure Directive, which aims to support the development of infrastructure for alternative fuels such as bio-LNG, green hydrogen, hydrotreated vegetable oil, and green methanol. However, the high cost of bio-LNG as compared to LNG is anticipated to hinder market growth in the future.
however, in the upcoming future, with increased production of automobiles, ships, and other applications, the impact is anticipated to increase.
Market Segmentation:
Segmentation 1: by Application
• Automotive
• Ships
• OthersBased on application, automotive led the global bio-LNG market in terms of value in 2024.
Segmentation 2: by Source
• Agriculture Residues
• Industrial Waste
• Household Waste
• OthersThe global bio-LNG market was led by agriculture residues in terms of source by value in 2024.
Segmentation 3: by Region
• North America - U.S., Canada, and Mexico
• Europe - Germany, U.K., France, Netherlands, Italy, Sweden, Norway, Finland, Belgium, and Rest-of-Europe
• Asia-Pacific - China, Japan, India, South Korea, Australia, and Rest-of-Asia-Pacific
• Rest-of-the-World– South America, and Middle East and AfricaIn the global bio-LNG market, Europe dominates the market owing to several bio-LNG production facilities already operational and more in the pipeline. This is due to several factors, including the strong regulatory support for renewable energy and decarbonization in the region, the availability of feedstocks for bio-LNG production, and the high demand for low-carbon fuels in the transportation and shipping sectors.
Recent Developments in the Global Bio-LNG Market
• In February 2023, GREEN CREATE built manure-fed biomethane production facilities in Wijster, Netherlands. The plant produces renewable natural gas (RNG) from agricultural waste, specifically manure that can be further upgraded to bio-LNG, which can then be used as a low-carbon fuel in the transportation sector.
• In February 2023, Liqvis announced migration to bio-LNG for heavy-duty transportation starting in 2023 as it broadens its range of bio-LNG suppliers. Beginning in mid-2023, Liqvis would gradually migrate to CO2-neutral bio-LNG and sell it as a substitute fuel at its refueling facilities.
• In April 2023, the U.K.'s largest owner of bio-CNG and bio-LNG plants, Nottingham-based Roadgas, recently transferred its assets to Pretoria Energy Group, which is funded by Mercuria Clean Energy Investments. Roadgas provides customized on-site fuelling options using biomethane made in the U.K. Within five years, the firm aims to power more than 2,500 gas-fuelled trucks annually.Demand – Drivers and Limitations
The following are the demand drivers for the global bio-LNG market:
• Rising Environmental Concerns
• Increasing Number of LNG TrucksThe market is expected to face some limitations as well due to the following challenges:
• Limited Availability of Feedstocks
• High Price of Bio-LNG as Compared to LNGHow can this report add value to an organization?
Product/Innovation Strategy: The product segment helps the reader to understand the different sources involved in producing bio-LNG. Moreover, the study provides the reader with a detailed understanding of the global bio-LNG market based on the application (automotive, ships, and others). Bio-LNG is gaining traction in different applications on the back of sustainability concerns and less nitrogen oxide emissions. They are also being used for controlling greenhouse gas (GHG) emissions.
Growth/Marketing Strategy: The global bio-LNG market has seen major development by key players operating in the market, such as business expansions, partnerships, collaborations, mergers and acquisitions, and joint ventures. The favored strategy for the companies has been product developments, business expansions, and acquisitions to strengthen their position in the global bio-LNG market. For instance, in October 2022, Titan LNG announced a plan to produce around 200,000 tons of bio-LNG annually. At its location in the port of Amsterdam, Titan LNG is expected to construct and run the bio-LNG plant, enabling delivery to ships and trucks.
Competitive Strategy: Key players in the global bio-LNG market analyzed and profiled in the study involve bio-LNG manufacturers and the overall ecosystem. Moreover, a detailed competitive benchmarking of the players operating in the global bio-LNG market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, acquisitions, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.
Key Market Players and Competition Synopsis
The companies that are profiled have been selected based on inputs gathered from primary experts, analyzing company coverage, product portfolio, and market penetration.
Key Companies Profiled
• TotalEnergies SE
• Linde plc
• MAKEEN Energy
• Nordsol
• BoxLNG Pvt. Ltd
• Flogas Britain Limited
• DBG Group B.V.
• Gasum Ltd
• RUHE Biogas Service GmbH
• LIQVIS GmbH
• Andion Global Inc.
• Titan LNG
• Scandinavian Biogas Fuels International AB
• Biomet SpA
Bio-LNG Market Forecast (2025-2034)
Table of Contents
Executive Summary
Scope and Definition
Market/Product Definition
Key Questions Answered
Analysis and Forecast Note
1. Markets: Industry Outlook
1.1 Trends: Current and Future Impact Assessment
1.1.1 Favorable Government Policies Supporting Bio-LNG Production
1.1.2 Rise in Fossil Fuel-Based Alternative Price
1.2 Supply Chain Overview
1.2.1 Value Chain Analysis
1.2.1.1 North America
1.2.1.2 Europe
1.2.1.3 Asia-Pacific
1.2.1.4 Rest-of-the-World
1.3 Regulatory Landscape/ Ecosystem/Ongoing Programs
1.3.1 Consortiums and Associations
1.3.2 Regulatory Bodies
1.3.3 Government Programs
1.3.4 Programs by Research Institutions and Universities
1.4 Research and Development Review
1.4.1 Patent Filing Trend by Country and by Company
1.5 Stakeholder Analysis
1.5.1 Use Case
1.5.2 End User and Buying Criteria
1.6 Impact Analysis for Key Global Events
1.7 Market Dynamics Overview
1.7.1 Market Drivers
1.7.2 Market Restraints
1.7.3 Market Opportunities
1.8 Comparative Analysis of Bio-LNG and its Substitutes
1.8.1 Cost Of Production
1.8.2 Price Parity Analysis
1.8.2.1 Pricing Forecast
1.8.2.2 Possible Reduction in Feedstock Costs
1.9 Snapshot of Green Methanol Market, 2022-2031
1.9.1 Leading Countries in the Green Methanol Market
1.9.2 Leading Companies in Green Methanol Market
1.9.3 Green Methanol Projections
1.10 Bio-LNG Production Capacities in Europe, TWh and Number of Plants, 2017-2025
1.11 Start-Up Landscape
1.11.1.1 Key Start-Ups in the Ecosystem
2. Bio-LNG Market (by Application)
2.1 Application Segmentation
2.2 Application Summary
2.3 Bio-LNG Market (by Application), Value($Million) and Volume (TWh), 2024-2034
2.3.1 Automotive
2.3.1.1 Trucks
2.3.1.2 Buses
2.3.1.3 Others
2.3.2 Ships
2.3.3 Others
3. Bio-LNG Market (by Product)
3.1 Product Segmentation
3.2 Product Summary
3.3 Bio-LNG Market (by Source), Value($Million) and Volume (TWh), 2024-2034
3.3.1 Agricultural Residues
3.3.2 Industrial Waste
3.3.3 Household Waste
3.3.4 Others
4. Region
4.1 Bio-LNG Market (by Region)
4.2 North America
4.2.1 Regional Overview
4.2.2 Driving Factors for Market Growth
4.2.3 Factors Challenging the Market
4.2.4 Application
4.2.5 Product
4.2.6 North America Bio-LNG Market (by Country)
4.2.6.1 U.S.
4.2.6.1.1 Application
4.2.6.1.2 Product
4.2.6.2 Canada
4.2.6.2.1 Application
4.2.6.2.2 Product
4.2.6.3 Mexico
4.2.6.3.1 Application
4.2.6.3.2 Product
4.3 Europe
4.3.1 Regional Overview
4.3.2 Driving Factors for Market Growth
4.3.3 Factors Challenging the Market
4.3.4 Application
4.3.5 Product
4.3.6 Europe Bio-LNG Market (by Country)
4.3.6.1 Germany
4.3.6.1.1 Application
4.3.6.1.2 Product
4.3.6.2 Italy
4.3.6.2.1 Application
4.3.6.2.2 Product
4.3.6.3 Netherlands
4.3.6.3.1 Application
4.3.6.3.2 Product
4.3.6.4 France
4.3.6.4.1 Application
4.3.6.4.2 Product
4.3.6.5 Sweden
4.3.6.5.1 Application
4.3.6.5.2 Product
4.3.6.6 Norway
4.3.6.6.1 Application
4.3.6.6.2 Product
4.3.6.7 Finland
4.3.6.7.1 Application
4.3.6.7.2 Product
4.3.6.8 U.K.
4.3.6.8.1 Application
4.3.6.8.2 Product
4.3.6.9 Belgium
4.3.6.9.1 Application
4.3.6.9.2 Product
4.3.6.10 Rest-of-Europe
4.3.6.10.1 Application
4.3.6.10.2 Product
4.4 Asia-Pacific
4.4.1 Regional Overview
4.4.2 Driving Factors for Market Growth
4.4.3 Factors Challenging the Market
4.4.4 Application
4.4.5 Product
4.4.6 Asia-Pacific Bio-LNG Market (by Country)
4.4.6.1 China
4.4.6.1.1 Application
4.4.6.1.2 Product
4.4.6.2 Japan
4.4.6.2.1 Application
4.4.6.2.2 Product
4.4.6.3 India
......
4.5.6.1 South America
4.5.6.1.1 Application
4.5.6.1.2 Product
4.5.6.2 Middle East and Africa
4.5.6.2.1 Application
4.5.6.2.2 Product
5. Markets - Competitive Landscape & Company Profiles
5.1 Next Frontiers
5.2 Geographic Assessment
5.2.1 Company Profiles
5.2.2 TotalEnergies SE
5.2.2.1 Overview
5.2.2.2 Top Products/Product Portfolio
5.2.2.3 Top Competitors
5.2.2.4 Target Customers
5.2.2.5 Key Personnel
5.2.2.6 Analyst View
5.2.2.7 Market Share
5.2.3 Linde plc
5.2.3.1 Overview
....
5.2.5 Nordsol
5.2.5.1 Overview
5.2.5.2 Top Products/Product Portfolio
5.2.5.3 Top Competitors
5.2.5.4 Target Customers
5.2.5.5 Key Personnel
5.2.5.6 Analyst View
5.2.5.7 Market Share
5.2.6 BoxLNG Pvt. Ltd
.....
5.2.8.3 Top Competitors
5.2.8.4 Target Customers
5.2.8.5 Key Personnel
5.2.8.6 Analyst View
5.2.8.7 Market Share
5.2.9 Gasum Ltd
.....
5.2.11.3 Top Competitors
5.2.11.4 Target Customers
5.2.11.5 Key Personnel
5.2.11.6 Analyst View
5.2.11.7 Market Share
5.2.12 Andion Global Inc
5.2.12.1 Overview
5.2.12.2 Top Products/Product Portfolio
5.2.12.3 Top Competitors
.....
5.2.16.6 Analyst View
5.2.16.7 Market Share
5.3 List of Other Key Companies
6. Research Methodology