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August 11th Issue of Greenlane Digest

IN THE NEWS

Greenlane (TSX:GRN) is a pioneer in the rapidly emerging renewable natural gas (RNG) industry. We work with waste producers, gas utilities, and project developers to turn low-value biogas into a valuable low-carbon and carbon-negative clean energy resource. As a leading global provider of biogas upgrading systems, we are helping to clean up two of the largest and most difficult-to-decarbonize sectors of the global energy system: the natural gas grid and the commercial transportation sector.

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 a 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 over 35 years of industry experience are fierce competitive advantages.

Today, we are a trusted partner globally and are ranked number one in installed capacity, having sold over 140 biogas upgrading systems into 19 countries and counting. We’ve learned a lot along the way. First to market in 12 of the 19 countries where our systems have been sold, we’re also proud to have supplied the systems for many of the largest RNG production facilities in the world.

THE LATEST

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!

According to S&P Global, US gas utility operators continued to chase RNG opportunities through August, both in their core regulated businesses and through nonregulated subsidiaries. Developing interconnections to transport the fuel from supply points to broader pipeline networks remained a popular way for gas utilities to enter the value chain. During second-quarter earnings conference calls, some companies detailed how state regulators were facilitating these projects. The growing number of RNG production facilities also created opportunities for utility operators to put this experience to use for third parties. As of July 31, 300 RNG facilities across North America were processing organic waste into pipeline-quality gas at farms, landfills, and other facilities, according to the RNG Coalition. This was up from 30 facilities in 2011.

Southern California Gas Co. (SoCalGas) plans to turn agricultural waste into RNG as part of what could become California’s largest RNG pilot project. The project, which would be developed by San Joaquin Renewables LLC in McFarland, Calif., would produce up to 4.5 billion cubic feet (Bcf) of RNG annually from 400,000 to 500,000 tons of agricultural waste, if the project is approved. SoCalGas has submitted its application for the project to the California Public Utilities Commission (CPUC). As part of ongoing clean energy efforts, the CPUC requires utilities to hit biomethane procurement targets to reduce emissions. Utilities are also required under the state’s Renewable Gas Procurement Standard, which was adopted in February 2022, to replace a certain percentage of traditional gas with RNG by 2030. SoCalGas said it is required to replace about 12.2% of the traditional gas it delivers to customers with RNG by 2030. Its interim goal is about 3% RNG by 2025. If the company is successful in securing approvals for the RNG pilot, the project could go online in late 2026 and more than double SoCalGas’ 2022 RNG deliveries.

For the latest articles on the RNG sector, click on the links below!

Aug 4-11, 2023

Gas utilities see RNG investment opportunities expanding

SoCalGas submits application for large RNG pilot project

Greenlane Renewables
Email: IR@greenlanerenewables.com
Phone: 604.493.2004
Address: 110 - 3605 Gilmore Way, Burnaby BC V5G 4X5, Canada.