Biogas is mainly a mixture of methane and carbon dioxide gases produced from the breakdown of organic materials by bacteria anaerobically. Biogas offers the potential to substitute fossil fuels as an alternative source of energy for electricity and heating. The process of biogas upgrading (removal of carbon dioxide) has further economical values in producing biomethane as a clean and sustainable fuel for vehicles – As a transport fuel, biomethane can be sold by producers for approximately 4 times the price of electricity. While biogas is widely produced in Europe, high investment costs of current biogas upgrading technologies make it difficult for small-medium scale biogas producers to generate sufficient investment return from the biomethane produced.
The market business opportunity, as identified by NeoZeo is to provide small-medium biogas producers with a cost and operation efficient solution to upgrade their biogas to biomethane. The solution that NeoZeo offers is a biogas upgrading module developed from the seamless integration of existing and state-of-the-art biogas upgrading technologies. The module could upgrade biogas in small-medium biogas flowrates of 50-200Nm3/h, to produce high quality biomethane. The module has high efficiency, low energy requirement and significant lower costs that most of the available commercial products.
The overall objective of SME Instrument Phase 1 is for NeoZeo to conduct a comprehensive feasibility study to assess its innovative biogas upgrading technology, as well as to explore the market potential for the commercialization of the technology in different European countries.
