Australia Syngas Market Report and Forecast 2024-2032

Australia Syngas Market Outlook

The Australia syngas market size is projected to grow at a CAGR of 7.5% between 2024 and 2032.

Key Takeaways

• ARENA reports that the UWA Methanol from Syngas Research & Development Project has received a $1.03 million grant, providing additional support to the syngas market.

• Geoscience Australia states that coal stands as Australia's primary energy asset. As of 2020, recoverable Economic Demonstrated Resources included 74,147 Mt of black coal and 74,039 Mt of brown coal, thus boosting the Australia syngas market growth.

• As per the IEA, Australia's total natural gas supply reached 1,463,944 TJ in 2022, thereby bolstering the country's syngas market.

The abundance of natural gas globally contributes to the Australia syngas market growth as it serves as a dependable and easily accessible feedstock for syngas production

Natural gas provides ample, high-energy-density reservoirs worldwide for syngas, guaranteeing steady production with minimal impurities, decreased carbon emissions versus coal, efficient conversion, and the benefit of established infrastructure for cost-effective operations. 

Biomass and waste offer renewable, valued feedstocks for syngas, being carbon-neutral, varied in choices, obtainable locally, stimulated by regulations, and in harmony with circular economy principles, ensuring sustainable and efficient energy production.

Greenhill Energy unveiled an ambitious $425 million initiative for Australia's premier waste-to-hydrogen processing centre, Riverbend Energy Hub. Located in Tailem Bend, South Australia, the project aims to convert diverse waste forms into clean hydrogen and valuable industrial products.

Market Segmentation

Australia Syngas Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Gasifier Type

• Fluidized Bed

• Entrained Flow

• Fixed Bed

• Others

Market share by Feedstock

• Natural Gas

• Biomass and Waste

• Coal

• Other

Market Breakup by Technology

• Partial Oxidation

• Auto Thermal Reforming

• Combined or Two-Step Reforming

• Steam Reforming

• Biomass Gasification

Market Breakup by End Use

• Power Generation

• Liquid Fuels

• Chemicals

• Gaseous Fuels

• Electricity

• Direct Reduced Iron

• Synthetic Natural Gas

• Others

Market Breakup by Region

• New South Wales

• Victoria

• Queensland

• Australian Capital Territory

• Western Australia

• Others

The Australia syngas market key players are H24U Pty Ltd., Pyrotech Energy Pty Ltd, Australian Future Energy Pty Ltd., GLP Group, Wildfire Energy Pty Ltd, Coogee Chemicals Pty Ltd., and Chemistry Australia Ltd. among others.

Key Highlights of the Report