January 15th 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 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!
A new assessment of the U.S. RNG industry, prepared for the U.S. Department of Energy’s Argonne National Laboratory, showed that the total number of RNG production facilities (operational, under construction, or planned) increased 42% in 2020, from 219 in early 2019 to 312 at the end of 2020. The operational projects (157) represent total RNG production capacity of 59 MMBtu (30% higher than 2019), or the equivalent of over 459 million gallons of diesel, which could fuel 50,000 garbage trucks (40% of the U.S. fleet). Strong capacity growth is anticipated to continue, with 155 new projects under construction or in the planning stages.
Total, the European oil and gas supermajor, continues to expand its focus on RNG and the energy transition with the announced acquisition of a French RNG company. As part of its stated goal to reach net zero by 2050, Total believes that RNG has a key role to play in reducing the carbon intensity of natural gas and is targeting production of 1.5 TWh-equivalent of biomethane a year by 2025.
The $2.3 trillion United States spending bill, titled the Consolidated Appropriations Act 2021 and signed at the end of December, includes a few positive benefits for biogas and RNG. A Production Tax Credit (PTC) for renewable electricity generated from biomass, which includes anaerobic digestion, has been extended to the end of this year. In addition, the Environmental Protection Agency (EPA) has been instructed to activate the “e-RIN” pathway in the Renewable Fuels Standard (RFS), which enables anaerobic digestion projects that produce electricity to participate in the RFS. And finally, the FY2021 Agriculture Appropriations Bill includes a request for $10 million to establish a pilot program to address under-utilized technologies, such as anaerobic digestion of farm waste streams, through the Rural Energy for America Program (REAP).
In Poland, the national oil and gas company, PGNiG, has joined forces with natural gas trading platform Polish Power Exchange (TGE) to develop a biomethane market in the country. The partnership will work toward transforming the Polish energy market and creating market solutions for RNG trading. The agreement will see the two organizations together actively play a role in Poland’s energy transformation while contributing to the country’s energy security.
National Grid announced that it has joined the Low-Carbon Resource Initiative (LCRI), a five-year initiative to develop and demonstrate clean energy technologies and decarbonization solutions, of which RNG is a key part. The utility, which serves over 20 million customers in New York, Massachusetts, and Rhode Island, has itself set a net-zero emission target by 2050, and views RNG as a key pathway to contribute to its decarbonization efforts.
For the latest articles on the RNG sector, click on the links below!
Jan 8-15, 2021
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