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Biogas Market ‘to Reach $8.9bn by 2017′

The world market for biogas plants is projected to reach $8.9 billion by 2017, according to a report by Global Industry Analysts Inc. 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.

Mentions: Europe