[Brad]

The report published by ICF in November 2025 titled “Near-Term Renewable Natural Gas Demand
Assessment” predicts massive growth in the RNG industry leading up to 2030. With less than 4 years to that deadline, it stands to reason that some of that growth will occur this year. While every forecast has some uncertainty, what I like about this one is that the growth it predicts is not through some new emerging market that could have the rug pulled out from under it (like IMO), but through existing markets – specifically utility mandates and corporate carbon reduction goals.

[Natalia Bourenane]

I believe we can call the current situation as adjustment period and I personally do not think we will see the numbers we had in 2023-2024 in terms of overall growth.

In 2025, the projects that went online all started in 2023-2024, but we are not tracking a lot of announcements of new projects in development in 2026.

A quick article to read https://www.wastedive.com/news/rng-facility-openings-decline-dem-con-kanadevia-digester-groundbreaking/813630/

wastedive.com

New RNG facilities hit lowest level in years; Dem-Con breaks ground on Minnesota digester

A report finds that the biogas industry faced a slow year in 2025 amid regulatory uncertainty and the need for new market outlets. Companies like Maas Energy Works and Taurus RNG reported facility progress.