February 26th Issue of Greenlane Digest
IN THE NEWS
Greenlane (TSX: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 issued the following news release this week:
Greenlane to open the TSX on Monday, March 1st: This coming Monday, Greenlane Executives and Directors will be part of the opening bell process and ceremony for the TSX. The market opens are broadcast live on the Business News Network morning show and live streamed on YouTube. The event is also featured on TSX.com and TMX.com, and shared through Twitter and Facebook.
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 110 biogas upgrading systems 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!
Greenlane announced it has been named to the 2021 Venture 50, the TSX Venture Exchange's flagship program showcasing the ten top performing listed companies from five industry sectors. The performance criteria is based on trading volume and increase in share price and market capitalization during calendar year 2020. "We are honoured to have been recognized as one of the top 10 performing Clean Technology and Life Sciences companies on the TSX Venture Exchange," said Brad Douville, President & CEO of Greenlane. "We became a public company only 20 months ago and to see this recognition being named to the 2021 Venture 50 is a testament to the hard work and dedication of our team, the strength of our technology and the strong market support of our value proposition in the fast emerging renewable natural gas industry."
Another 20 companies led by IBM joined The Climate Pledge, a public commitment to reduce carbon emissions launched by Amazon and Jeff Bezos in 2019. Including the new signatories announced this week, there are now 53 companies in 12 countries that have joined. IBM announced its target to reach net zero carbon emissions by 2030. The computing giant will reduce GHG emissions by 65% by 2025 when compared to its emissions in 2010, use 75% renewable energy-powered electricity by 2025 and 90% renewable energy electricity by 2030.
In Minnesota, the state is reviewing legislation to advance RNG distribution and has approved the first RNG interconnection tariff in the state. Minnesota is one of the top organic farm waste generators in the U.S., ranking first in turkey production, second in hog production, and sixth in both red meat and dairy production, and it’s looking for ways to both divert and capitalize on that waste. CenterPoint Energy, a utility which serves more than 870,000 customers in the state, says the approval of the interconnection tariff is the first step toward encouraging development of local RNG.
For the latest articles on the RNG sector, click on the links below!
Feb 19-26, 2021
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