TSX-V GRN
LAST 0.43
CHANGE 0.01
TSX-V GRN
LAST 0.43
CHANGE 0.01

February 28th 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.

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!

The World Biogas Association met with the UNFCCC in Bonn to discuss the implementation of the Biogas Industry and Climate Change Commitment Declaration that was presented at COP25 in Madrid last December. The Declaration sets a target of a 12% reduction in global GHG emissions by 2030, which equates to the total GHG emissions from the entire EU in 2017.

The city of Liverpool in the UK has launched that country’s largest RNG-powered fleet of refuse collection trucks. The 20 trucks, which will consume CNG sourced from biomethane, will help Liverpool continue to reduce its carbon footprint – since 2012, the city has achieved an 18% reduction in carbon emissions and is on track to achieve a 35% reduction by the end of this year.

Smithfield Foods makes the press again with an additional investment in its Monarch Bioenergy joint venture with RAE. The companies announced a further $45 million commitment to the joint venture that captures methane from hog manure and produces RNG. Including this new investment, 85% of Smithfield’s farms in the state of Missouri will be generating RNG. This latest investment bolsters Smithfield Foods’ commitment to a 25% reduction in GHGs by 2025.

Global oil supermajor BP is leaving three U.S. industry trade groups over disagreements on climate policies. British Petroleum will not renew its membership with the American Fuel and Petrochemical Manufacturers, the Western Energy Alliance, and the Western States Petroleum Association. The company said its decision to leave the groups was due to the groups’ opposition to federal regulation of methane and carbon pricing. BP has recently announced plans to hit net-zero carbon emissions by 2050, an ambitious goal for one of the world’s largest oil and gas producers.

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

February 21-28, 2020

WBA meets with UNFCCC in Bonn to discuss the industry’s Biogas and Climate Change Commitment Declaration

UK's largest biogas-powered garbage truck fleet hits the road in Liverpool

Smithfield Foods continues to ramp up biogas project investment

BP withdraws from U.S. industry lobby groups over climate policy differences

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