Modern biogas tech offers key innovative solutions for waste management, resource optimisation in agriculture: Piyush Sohani, Sistema.bio
biogas sector is rapidly emerging as a key player in the global renewable energy landscape as energy demands rise in emerging economies such as India. The urgent need to address climate change, enhance energy security and promote sustainable development also makes biogas an attractive option.
Modern biogas technology significantly uplifts rural communities by creating economic opportunities and enhancing self-sufficiency, says Piyush Sohani, Country Director-India, Sistema.bio, in an interaction with ET Digital. The implementation of biogas projects generates jobs and allows farmers to sell excess biofertiliser, diversifying their income streams, he adds. Edited excerpts:
The Economic Times (ET): What is the current standing of the biogas sector in the global renewable energy market. What are its projections, especially in emerging economies like India? Piyush Sohani (PS): The biogas sector is rapidly emerging as a key player in the global renewable energy landscape, projected to grow at a compound annual growth rate (CAGR) of approximately 5.2% from 2020 to 2030. This trajectory could elevate the market size to around $86.7 billion by 2030.
In emerging economies like India, the outlook is particularly promising. The biogas market, valued at $1.47 billion in 2022, is expected to expand to $2.25 billion by 2029, reflecting an annual growth rate (CAGR) of 6.3% in 2022-2029. This growth is driven by India’s increasing energy demands and a strong commitment to renewable energy solutions.
ET: What are the key factors
