Europe to Dominate Global Bio LPG Market as Governments Strive to Minimize Emissions, Says Fairfield Market Research - Seite 2

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Pledge to Decarbonize Economies Ensure European Dominance of Bio LPG Market

More than 90% of the bio LPG is produced and marketed in Europe, making the continent critical from a profitability perspective. Several bio LPG producers such as Total SE, Neste Oil, Global Bioenergies and PREEM Group have their headquarters, giving the continent an edge over others in the bio LPG market. European governments are serious about their commitment to decarbonize their economies, driving the uptake of bio LPG there. As climate activists and increasingly aware consumers raise the alarm of global warming, researchers predict that there will be immense opportunities for stakeholders in the bio LPG market.

Players Doubling Down in Bio LPG Market by Signing Agreements with Convenience Stores

Prominent companies actively involved in the bio LPG market are Neste Oil, Total SE, ENI, SHV Energy, Preem AB, Renewable Energy Group, AvantiGas. In 2019, SHV Energy doubled its supply of bio LPG to major European markets and carefully looked at investment projects worldwide. The company also entered into a joint venture with UGI International to produce Renewable Dimethyl Ether, a low-carbon liquid gas for the LPG industry. It remains to be seen how rivals respond to such developments in the bio LPG market.

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