Driven by environmental protection policies, the development of the green methane industry continues to accelerate

Methane is an organic substance with a regular tetrahedral structure and is an important component of flammable ice, natural gas and shale gas. Green methane refers to methane produced using green processes. It has the advantages of renewable, large specific surface area, low carbon emissions, environmental protection, and convenient storage. It has broad application prospects in electric power systems, thermal systems, new energy vehicles and other fields.

In recent years, the country has introduced many policies to promote the construction of a modern energy system and drive the energy industry to gradually transform into a green and low-carbon direction. In February 2022, the National Development and Reform Commission and the National Energy Administration jointly issued the “Opinions on Improving the System, Mechanism and Policy Measures for Energy Green and Low-Carbon Transformation”. The document clearly stated that clean energy vehicles such as natural gas and hydrogen energy should be vigorously promoted and clean energy vehicles should be strengthened. Development and utilization of low-carbon energy resources. Against this background, the development speed of my country’s green methane industry will further accelerate.

Green methane is a renewable energy source with huge application potential. Power systems, thermal systems, new energy vehicles and other fields are its main demand ends. In the field of power systems, green methane can be used as a power generation fuel for small distributed power generation systems, large power stations and cogeneration plants; in the field of thermal systems, green methane can be used for home heating; in the field of new energy vehicles, green methane It can be used in large vehicles such as new energy heavy trucks and new energy buses.

According to the “2023-2028 China Green Methane Industry Market In-depth Research and Development Prospects Forecast Report released by the Industrial Research Center, with Application demand is growing, and the development speed of the green methane industry is accelerating. The global green methane market will reach US$3.26 billion in 2022, a year-on-year growth of 12.3%. In terms of the local market, my country’s green methane industry started late, but is developing rapidly. Its market size will reach nearly US$100 million in 2022. In the future, driven by the “double carbon” goal, the prosperity of my country’s green methane industry will continue to increase, and its market size will exceed US$1 billion by 2028.

Enthusiasm for green methane research and development is rising around the world, and many new developments have been made. In 2021, Newcastle University in the UK and Australia’s Southern Green Gas Company (SNG) jointly developed carbon-neutral green methane made from hydrogen and carbon dioxide. This product can be widely used in transportation, power stations and other fields. In the future, with in-depth research and technological advancement, the application scope of green methane will be further expanded.

Industry analysts said that green methane, as a renewable energy source, has broad application prospects in many fields. Benefiting from national policy support and the growth of downstream demand, the development speed of my country’s green methane industry continues to accelerate. However, at present, companies that master the core technology of green methane are concentrated in overseas countries, and local companies urgently need to increase investment in research and development to enhance their competitiveness.