Top 10 Biogas Companies | Best Energy Provided

Samruddhi Yardi
Samruddhi Yardi

Updated · Jun 4, 2024


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Biogas Market Overview

Biogas, derived from organic materials through anaerobic digestion, primarily consists of methane and carbon dioxide, along with trace gases.

This renewable energy source finds application in combined heat and power generation, heating, vehicle fuel, and cooking, offering environmental benefits such as methane capture and waste management.

However, challenges such as feedstock availability, infrastructure requirements, and policy support hinder widespread adoption.

Nonetheless, biogas holds promise for sustainable waste management, renewable energy production, and mitigating greenhouse gas emissions, contributing to the transition towards a low-carbon economy.

Market Drivers

The global biogas market is rapidly expanding due to several key factors. Firstly, heightened environmental concerns and the urgent need to reduce greenhouse gas emissions have spurred the adoption of biogas as a renewable energy source.

Secondly, governmental backing and regulatory measures support biogas utilization through initiatives promoting renewable energy and waste management.

Additionally, rising demand for decentralized energy solutions, particularly in rural areas, propels the growth of biogas systems, providing dependable power and tackling waste challenges.

Technological advancements enhance biogas efficiency and competitiveness, while circular economy principles drive the optimization of organic waste utilization.

Overall, these factors position biogas as a pivotal player in the global transition to sustainable energy.

Market Size

The biogas market reached USD 44.7 billion in 2022 and is expected to hit USD 71.3 billion by 2032, growing at a 4.9% compound annual growth rate (CAGR) from 2023 onwards.

List of Major Companies

These are the top ten companies operating in the Biogas Market:


Company Overview

Establishment Year1902
HeadquarterParis, France
Key ManagementFrançois Jackow (CEO)
Revenue (US$ Bn)$ 29.9 Billion (2022)
Headcount~ 67,778 (2022)

About Air Liquide

Air Liquide is a key player in the biogas sector, actively advancing the global transition to renewable energy through its biomethane production.

With expertise spanning the entire biomethane value chain, from production to purification, liquefaction, and transportation, the company operates 26 biomethane production units globally, boasting a total capacity of 1.8 TWh per year.

Notably, recent initiatives include the establishment of two new production units in the U.S., leveraging dairy farm waste to generate renewable natural gas for the grid.

Moreover, Air Liquide has expanded its biomethane endeavors to China, where it is constructing its inaugural plant in Jiangsu province, which is set to commence operations soon.

These strategic expansions align with Air Liquide’s commitment to sustainability and decarbonization, as outlined in its ADVANCE 2025 strategic plan.

Geographical Presence

Air Liquide SA, a global leader in industrial and healthcare gases, technologies, and services, boasts a robust geographical presence across Europe, Asia-Pacific, and North America.

With a strong foothold in key markets like France, Germany, China, and the United States, the company operates numerous production facilities, distribution networks, and research centers.

It caters to diverse industries and healthcare institutions, leveraging its expertise and innovation to meet evolving market needs.

While also present in regions like Latin America, Africa, and the Middle East, Air Liquide’s primary focus remains on its extensive operations in its core markets, reaffirming its position as a leading provider of gas solutions worldwide.

Recent Developments

  • In April 2024, Air Liquide increased its biomethane capabilities, commonly referred to as Renewable Natural Gas (RNG), in the U.S. by building two additional production units.
  • In July 2022, Air Liquide inaugurated its maiden biomethane production venture in China, with plans to commence operations at its new facility in Huai’an, located in Jiangsu province.


Company Overview

Establishment Year1882
HeadquarterSpring, Texas, U.S.
Key ManagementDarren Woods (Chairman & CEO)
Revenue (US$ Bn)$ 344.6 B (2023)
Headcount~ 61,500  (2023)

About ExxonMobil

ExxonMobil is strategically expanding in the biogas sector to support renewable energy and lower emissions.

They’re converting organic waste into biogas, upgrading it to biomethane for renewable natural gas. Recent steps include increasing purchases of renewable diesel from crops like camelina.

With a $17 billion investment by 2027, ExxonMobil is focusing on carbon capture, biofuels, and hydrogen to cut emissions, aiming for net-zero greenhouse gas emissions by 2050.

Additionally, they’re restructuring to integrate chemical and downstream businesses under the new ExxonMobil Product Solutions Company, boosting efficiency.

Geographical Presence

ExxonMobil Corporation has a strong global presence strategically located across North America, Europe, Asia-Pacific, the Middle East, Africa, Latin America, and the Caribbean.

In North America and Europe, it operates headquarters, refineries, and research centers while engaging in exploration and production activities in the dynamic Asia-Pacific region.

In the Middle East, Africa, Latin America, and the Caribbean, ExxonMobil contributes to regional energy security through various projects, including exploration, production, refining, and marketing.

This extensive geographical footprint highlights ExxonMobil’s adaptability to diverse energy markets worldwide.

Recent Developments

  • In January 2022, ExxonMobil consolidated its business by merging chemical and downstream operations and centralizing technology, engineering, and support services to improve customer support, boost performance, and increase value.
  • In April 2021, Global Clean Energy and ExxonMobil prolonged their five-year deal to increase ExxonMobil’s yearly procurement of renewable diesel to 5 million barrels.


Company Overview

Establishment Year1907
HeadquarterLondon, England
Key ManagementWael Sawan (CEO)
Revenue (US$ Bn)$ 316.6 Billion (2023)
Headcount~ 90,000 (2023)

About Shell

Shell plc is making significant strides in the biogas sector, aiming to enhance its renewable energy portfolio and support the global energy transition.

In February 2023, Shell completed the acquisition of Nature Energy, a leading renewable natural gas producer, for nearly $2 billion.

This acquisition included 14 biogas plants, making Shell a major player in the biogas market. The move aligns with Shell’s broader strategy to invest $10-15 billion in low-carbon energy solutions between 2023 and 2025, covering areas such as biofuels, hydrogen, and carbon capture and storage.

Additionally, Shell is actively exploring opportunities in compressed biogas (CBG) in India, reflecting its commitment to expanding its renewable energy footprint globally​​​​​​​​.

Geographical Presence

Shell plc, a global energy behemoth headquartered in The Hague, Netherlands, boasts an extensive global presence spanning Europe, North America, Asia-Pacific, the Middle East, Africa, and Latin America.

Engaged in diverse activities like upstream exploration, refining, marketing of petroleum products, and renewable energy investments, Shell strategically focuses on growth and sustainability.

From unconventional shale plays in the US to oil sands in Canada, LNG projects in Asia-Pacific, and biofuels ventures in Latin America, Shell’s operations signify its leadership in the energy sector, dedicated to addressing global energy demands while transitioning toward a sustainable future.

Recent Development

  • In January 2024, Shell reached an agreement to sell its Nigerian onshore subsidiary to Renaissance.
  • In February 2023, Shell finalized the acquisition of Nature Energy, furthering its goal of establishing a global-scale integrated RNG value chain and expanding its low-carbon solutions for customers in various sectors.


Company Overview

Establishment Year1879
HeadquarterSan Ramon, California, U.S.
Key ManagementMike Wirth (Chairman and CEO)
Revenue (US$ Bn)$200.9 Billion (2023)
Headcount~ 45,600 (2023)

About Chevron

Chevron Corporation is expanding its biogas presence through strategic partnerships and investments. Teaming up with California Bioenergy LLC (CalBio) and local dairy farmers, Chevron produces and markets dairy biomethane as renewable natural gas (RNG).

This involves constructing methane digesters on dairy farms to capture emissions and convert them into RNG for transportation.

Additionally, Chevron collaborates with Schlumberger and Microsoft on a bioenergy project aiming to produce carbon-negative power from agricultural waste in California.

These initiatives align with Chevron’s broader goal of supporting sustainable energy solutions and reducing greenhouse gas emissions.

Geographical Presence

Chevron Corporation has a robust global presence across six continents. In North America, it targets significant oil-producing areas such as Texas and California, with offshore activities in the Gulf of Mexico.

Latin America witnesses Chevron’s involvement in offshore oil exploration in Brazil and previous endeavors in Venezuela.

In Europe, Chevron primarily operates in the North Sea, notably in the UK and Denmark. In Africa, it is active in Nigeria and Angola.

Across the Asia-Pacific region, Chevron leads LNG projects in Australia and oil and gas ventures in Indonesia.

Moreover, Chevron strategically invests in the Middle East, particularly in Saudi Arabia and Kuwait. This highlights Chevron’s dominance in the energy sector and its adeptness in capitalizing on various market opportunities while managing risks.  

Recent Development

  • In March 2024, Bunge and Chevron approved a joint venture to build a new oilseed processing plant next to their current facility on the Gulf Coast in Destrehan, LA.
  • In February 2024, Chevron developed a 5-megawatt hydrogen production project in California’s Central Valley.


Company Overview

Establishment Year1909
HeadquarterLondon, England, UK
Key ManagementHelge Lund (Chairman)
Revenue (US$ Bn)$210.1 B (2023)
Headcount~ 70,000 (2023)

About BP

BP plc is significantly expanding its presence in the biogas sector through strategic acquisitions and investments aimed at growing its renewable energy portfolio.

One notable move is the purchase of Archaea Energy for $4.1 billion in late 2022. Archaea Energy, a leading producer of renewable natural gas (RNG) in the U.S., operates 50 RNG and landfill gas-to-energy facilities.

This acquisition is projected to increase BP’s biogas supply volumes by 50%, substantially enhancing its biogas capabilities.

Additionally, BP has committed to substantial investments in bioenergy, aiming to raise its transition growth businesses to over 40% of its total annual capital expenditure by 2025 and approximately 50% by 2030.

These initiatives are in line with BP’s broader strategy to promote cleaner energy solutions and support its net zero ambition by 2050.

Geographical Presence

BP plc., headquartered in London, has a robust global footprint, operating in more than 70 countries across multiple continents.

In Europe, it maintains significant operations in the UK, Germany, Norway, and the Netherlands. In North America, BP is prominent, with activities spanning the US and Canada, including refineries, pipelines, and retail outlets.

In the Asia-Pacific region, BP has invested heavily in Australia, Indonesia, and China, focusing on exploration, production, and renewable energy.

Additionally, BP is active in the Middle East, Africa, and South America, operating in key energy-producing nations such as Oman, Egypt, Angola, Brazil, and Argentina. This extensive presence solidifies BP’s standing as a leading global energy giant.

Recent Developments

  • In January 2023, BP finalized the purchase of Archaea Energy, a Texas-based renewable natural gas (RNG) firm.
  • In October 2022, BP acquired US-based renewable natural gas (RNG) producer Archaea Energy for approximately $4.1 billion.


Company Overview

Establishment Year2008
HeadquarterCourbevoie, France
Key ManagementCatherine MacGregor (CEO)
Revenue (US$ Bn)$ 89.3 Billion (2022)
Headcount~  97,297 (2022)

About Engie

Engie is actively expanding in the biogas sector, focusing on developing and running biomethane plants. With a commitment of €800 million from 2019 to 2024, it aims to enhance biogas infrastructure in France to meet the Energy Transition Law’s target of 10% green gas by 2030.

Recently, Engie acquired Rainbarrow Farm in the UK and previously purchased Ixora Energy Ltd, bolstering its presence in renewable gas. Engie New Ventures has also invested in WASE, a startup refining biogas production from biomass.

These actions highlight Engie’s dedication to renewable energy solutions and the shift toward a carbon-neutral future.

Geographical Presence

Engie SA has a strong global presence across Europe, the Americas, Asia-Pacific, Africa, and the Middle East. In Europe, it is prominent in France, Belgium, Germany, the United Kingdom, and the Netherlands.

Engie also operates in North and South America, including the United States, Canada, Brazil, Chile, and Colombia.

In the Asia-Pacific region, it focuses on Australia, India, Singapore, and the Philippines to meet the rising demand for renewable energy.

Additionally, Engie engages in energy projects in Africa and the Middle East, supporting sustainable development.

Overall, Engie’s wide geographical reach reflects its dedication to offering innovative energy solutions worldwide.

Recent Developments

  • In March 2024, ENGIE invested in WASE, a UK firm creating technology that boosts methane production from biomass by 30%, even from previously untreated waste sources.
  • In March 2024, Burges Salmon, a UK-based law firm, aided ENGIE in purchasing Rainbarrow Farm, recognized for its innovative anaerobic digestion capabilities. 


Company Overview

Establishment Year1881
HeadquarterOsaka, Japan
Key ManagementTakashi Tanisho (CEO)
Revenue (US$ Bn)$ 4.1 Billion (2023)
Headcount~ 11,400 (2023)

About Hitachi Zosen

Hitachi Zosen Corporation, via its subsidiary Hitachi Zosen Inova (HZI), is expanding its presence in the biogas sector.

Recently, HZI acquired a majority stake in Schmack Biogas, an Italian biogas firm, to bolster its renewable gas portfolio and extend its biomethane activities.

This move supports HZI’s aim to grow in the European biogas market and contribute to decarbonization and circular economy initiatives.

Furthermore, HZI is actively involved in advancing waste-to-energy and gas upgrading technologies, with projects in Denmark and Abu Dhabi, as well as a carbon capture pilot plant in the UK.

These endeavors align with Hitachi Zosen’s broader strategy to offer sustainable energy solutions and facilitate global energy transitions.

Geographical Presence

Hitachi Zosen Corporation strategically situates itself in key global regions, including Asia-Pacific, North America, Europe, the Middle East, Africa, and Oceania.

In Japan, its headquarters, manufacturing facilities, and research centers are central to its operations. Beyond Japan, the company expands into China, Southeast Asia, the United States, Canada, Germany, the United Kingdom, the Gulf Cooperation Council (GCC) countries, Australia, and New Zealand.

This strategic global presence allows Hitachi Zosen to capitalize on local strengths, access emerging markets, and collaborate internationally, solidifying its leadership in renewable energy, environmental solutions, and industrial machinery sectors.

Recent Developments

  • In February 2024, Hitachi Zosen Inova secured a contract to install an advanced grate and boiler system in an existing waste-to-energy plant located in Darmstadt.
  • In July 2021, Hitachi Zosen Inova broadened its expertise in renewable gases by acquiring Schmack Biogas Service GmbH and microbEnergy GmbH, including their business operations and entire staff.


Company Overview

Establishment Year1972
HeadquarterStavanger, Norway
Key ManagementAnders Opedal (CEO)
Revenue (US$ Bn)$ 90.9 Billion (2021)
Headcount~ 21,126 (2021)

About Equinor

Equinor is advancing in the biogas sector as part of its broader renewable energy strategy to cut carbon emissions.

It’s actively investing in biogas projects and partnerships to boost its renewable energy portfolio, emphasizing sustainability.

Notably, Equinor is integrating biogas into its energy mix, drawing on its expertise in energy production. These efforts are in line with Equinor’s goal to achieve net-zero emissions by 2050, detailed in its reports.

Equinor is also exploring new opportunities in biogas to support global energy transition and meet rising energy needs with lower emissions.

Geographical Presence

Equinor ASA, a leading energy firm based in Norway, has a strong global presence spanning Europe, North America, South America, Africa, Asia-Pacific, and the Middle East.

Specializing in oil, gas, and renewable energy, Equinor operates in key regions, including its home country, the United States, Brazil, and the United Kingdom.

Its diverse portfolio encompasses offshore drilling, exploration, production, and investments in renewable projects like offshore wind farms.

With this expansive reach, Equinor establishes itself as a versatile energy player, ready to adapt to market changes and advance sustainable energy solutions worldwide.

Recent Development

  • In March 2024, Equinor’s 531 MW Mendubim solar plant in Brazil commenced operations.
  • In March 2024, Equinor acquired 15 new helicopters from Bell and Leonardo for passenger transport on the Norwegian continental shelf (NCS).


Company Overview

Establishment Year1953
HeadquarterRome, Lazio, Italy
Key ManagementClaudio Descalzi (CEO)
Revenue (US$ Bn)$ 101.3 Billion (2023)
Headcount~ 32,324 (2023)

About Eni

Eni S.p.A. has been actively expanding its presence in the biogas sector as part of its broader decarbonization strategy.

Recently, Eni acquired FRI-EL Biogas Holding, a leading Italian biogas producer, through its subsidiary Ecofuel.

This acquisition includes 21 biogas plants and a facility for processing the organic fraction of municipal solid waste, which Eni plans to convert into a biomethane production unit.

Once operational, this plant is expected to supply over 50 million cubic meters of biomethane annually to the gas network.

This move aims to strengthen Eni’s role in the circular economy and support its goal of becoming Italy’s top biomethane producer, contributing significantly to reducing emissions and promoting sustainable energy solutions​​​​​​​​.

Geographical Presence

Eni S.p.A., the Italian multinational oil and gas giant, has a significant global presence spanning Europe, Africa, the Middle East, North America, South America, Asia-Pacific, and Russia/Caspian regions.

With headquarters in Rome, its operations extend to the United Kingdom, Norway, and Germany in Europe and encompass Nigeria, Angola, Libya, and Egypt in Africa. In the Middle East, Eni is active in Iraq and the UAE while also maintaining interests in North America’s Gulf of Mexico and Canada’s oil sands.

South American operations include Venezuela, Brazil, and Argentina, with interests in Asian markets like Indonesia and Australia. Strategic partnerships in Russia and the Caspian region further solidify Eni’s position as a leading global energy player, strategically positioned in key markets worldwide.

Recent Developments

  • In March 2024, Eni and Plenitude completed their investment agreement, with EIP contributing €588 million to Plenitude’s equity.
  • In March 2021, Eni SpA agreed to acquire FRI-EL Biogas Holding, an Italian biogas producer, from FRI-EL Greenpower.


Company Overview

Establishment Year2002
HeadquarterHouston, Texas, U.S.
Key ManagementRyan Lance (Chairman & CEO)
Revenue (US$ Bn)$ 58.5 Billion (2023)
Headcount~ 9,900 (2023)

About ConocoPhillips

ConocoPhillips is advancing in the biogas sector to diversify its energy portfolio and cut carbon emissions.

Recently, the company focused on renewable energy, particularly biogas production. In 2023, ConocoPhillips acquired the remaining 50% interest in the Surmont project, a significant step toward sustainable energy investments.

This move boosts the company’s renewable energy production capacity, including biogas, aligning with global energy transition goals.

Additionally, ConocoPhillips is actively engaged in projects to reduce greenhouse gas emissions and bolster its renewable energy capabilities, signaling a strategic shift towards sustainable energy solutions.

Geographical Presence

ConocoPhillips strategically operates across continents, with a strong presence in North America, notably in the US and Canada, focusing on key oil-rich regions like the Permian Basin and Canada’s oil sands.

Internationally, the company is active in Europe (especially the North Sea), Asia Pacific (Australia and Indonesia), and the Middle East (Qatar and the UAE), engaging in offshore exploration and development projects.

This global footprint reflects ConocoPhillips’ commitment to a diverse portfolio and its prominent position in the energy industry.

Recent Developments

  • In December 2023, ConocoPhillips greenlit the Willow project in Alaska, sealing the investment and commencing construction to kickstart initial oil production.
  • In October 2023, ConocoPhillips acquired the remaining 50% share in Surmont from TotalEnergies EP Canada Ltd.
Samruddhi Yardi

Samruddhi Yardi

Samruddhi Yardi has done her MBA in Marketing, and after working in sales for 2.5 years, she has shifted to the market research industry. As Samruddhi is a pharma graduate, she is working in the Healthcare domain as a Research associate. She also contributes to chemical, consumer goods, agriculture, and food & beverages.