February 7th 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!
Greenlane announced a new $7 million contract with Renewable Natural Gas Company (RNGC) to supply three biogas upgrading systems for landfill applications in the eastern United States. The systems will utilize Greenlane’s proprietary water wash technology for upgrading biogas from landfill projects in Virginia and Missouri. Greenlane’s technology is ideally suited for RNGC’s projects, with the resulting clean, low-carbon renewable natural gas injected directly into the natural gas pipeline grid.
A Danish clean tech scientist believes that biogas is one of the smart solutions to keep today’s living standards while addressing climate change and helping to reduce GHG emissions. Anker Jacobsen predicts that biogas will replace fossil natural gas in Denmark within the next 10-15 years. Denmark is committed to 70% renewable energy by 2030 and 100% by 2050, which he believes is not possible without biogas, which is growing faster than wind turbines in the country. Wind turbines generate 50% of Denmark’s renewable energy today, but that market share took 20 to 30 years to capture. By comparison, biogas has achieved a 20% share of the renewable energy mix in less than five years.
In the transportation sector, the CEO of Waste Management, one of the largest trash collectors in North America, believes that 75% of its fleet of garbage trucks can by powered by CNG by the end of 2021. Currently, 65% of the company’s fleet runs on CNG, and about one-third of those vehicles are powered by RNG. RNG is going to play a big part in Waste Management achieving its 2038 target of a 45% reduction in GHG emissions, through offsets, from 2010 levels.
UPS also makes the new again, as it agrees to purchase more renewable natural gas for its U.S. ground fleet. UPS has signed two multi-year contracts that will see it purchase up to 80 million gallon equivalents (GEs) of RNG over the terms of the agreements. This builds on the company’s previous RNG commitment of 170 million GEs, which will bring the total RNG commitment to 250 million GEs of RNG. These combined commitments make UPS the largest consumer of RNG in the transportation industry. The company views RNG as an integral part of its strategy to increase alternative fuel consumption to 40% of total ground fuel purchases by 2025.
For the latest articles on the RNG sector, click on the links below!
January 31-February 7, 2020
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