April 24th Issue of Greenlane Digest
IN THE NEWS
Greenlane (TSXV:GRN) is a pioneer in the rapidly emerging renewable natural gas (RNG) market. We work with waste producers, gas utilities, and project developers to turn low-value biogas into a valuable low-carbon clean energy resource.
Greenlane is a pure play in the RNG space, offering multiple core biogas upgrading technologies, in use and proven in the industry today. Biogas upgrading sales are forecasted by industry to grow at minimum 30% compound annual growth rate (CAGR) over the next five years in North America and Europe. Our demonstrated leadership in biogas upgrading, scope and breadth of product offerings, and 30+ years’ industry experience are fierce competitive advantages.
Today, we are a trusted partner globally and are ranked number one in installed capacity, having delivered more than 100+ biogas upgrading installations in 18 countries and counting. We’ve learned a lot along the way. First to market in 11 of the 18 countries where our systems operate, we’re also proud to have supplied the systems for the largest RNG production facilities in North America and Europe, respectively.
Through the Greenlane Digest, our goal is to provide weekly updates and the latest articles on the RNG industry. Make sure you forward our newsletter to your contacts!
Austria has shut down its last remaining coal-fired power generation plant, which had produced electricity and heat for the past 34 years. The closure is a result of the Austrian government moving towards its goal of having 100% of the European country’s power generation coming from renewable sources by the year 2030.
The RNG Coalition and the Natural Gas Vehicles for America organization announced that 39% of all on-road fuel used in natural gas-powered vehicles in 2019 was RNG. Over the last five years, RNG use as a transportation fuel has increased close to 300%, resulting in a CO2 equivalent displacement of 7.5 million tons.
A Wisconsin company is the first to sign up for a new RNG tracking system that could help monetize the environmental benefits of methane capture from agriculture, landfills, and other sources. Similar to other carbon-based credits, the new system will produce “thermal certificates” that measure RNG and that can then be sold to other companies as carbon offsets.
SoCalGas, the largest natural gas utility in the United States, has announced a plan to offer RNG directly to customers. The proposed plan will allow millions of Californians the option to purchase a portion of their natural gas from renewable sources, much like they do today with renewable electricity. If approved and adopted, the program is expected to increase demand for RNG. A decision from the California Public Utilities Commission is anticipated in the fall.
And finally, a new study released by Guidehouse (formerly Navigant) highlights the importance of large-scale biomethane production in achieving targeted emissions reduction in Europe. The “Gas Decarbonisation Pathway 2020-2050” analyzed the investments and innovations that must take place in order to facilitate the transition to the lowest-cost, climate-neutral system by 2050. A key conclusion was the stimulation of large-scale biomethane production through regulation for 10% of natural gas to come from renewable sources by 2030.
For the latest articles on the RNG sector, click on the links below!
April 17-24, 2020
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