TSX GRN
LAST 2.28
CHANGE -0.07
TSX GRN
LAST 2.28
CHANGE -0.07

January 29th 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.

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!

Finnish energy company Gasum is aiming to reduce carbon emissions through increased biogas availability, with a goal of four TWh of biogas available on the market by 2025 through its own production and that of certified European partners.  The company is expanding its internal biogas production capacity through the construction of new plants and procuring production from other operators, and now has nine biogas plants in Finland and six in Sweden.

DTE Energy, a Detroit-based utility, is the first energy company to offer an environmental program that combines the use of both RNG and a carbon offset program to offer customers a new way to reduce their carbon footprint.  The utility, which serves 1.3 million natural gas and 2.2 million electric customers in Michigan, has created the CleanVision Natural Gas Balance program as part of its net-zero emissions commitment by 2050.  RNG will be sourced from landfills and wastewater treatment plants and will offer customers, both residential and commercial, a path to offset 25% to 100% of GHG emissions from an average home or small business.

The Gas for Climate consortium, which consists of eleven leading European gas transport companies and two RNG industry associations, has published a new policy paper in which it presents its rationale for a necessary 11% renewable gas target to meet the EU’s climate goals.  The 11% target should consist of at least 8% RNG consumed in the EU by 2030, with the balance (3%) made up of green hydrogen. A binding target for renewable gas will help to reduce the production costs of biomethane and green hydrogen during the 2020s, while in the long-term help to achieve the European decarbonisation targets at the lowest societal costs.

U.S. President Biden signed a swath of executive orders this week as part of his administration’s plan to combat climate change and reverse the previous administration’s policies that were viewed as detrimental to that plan.  The overarching aim of the executive orders is to “center the climate crisis” in U.S. foreign policy and national security, and to create a “whole-of-government approach” to shifting the country from reliance on fossil fuels to sources of low- or no-carbon energy.  A few key takeaways that are positive for the RNG industry and Greenlane include promoting the flow of capital toward climate-aligned investments and away from high-carbon investments; investing in clean and zero-emission vehicles for Federal, State, local, and Tribal government fleets, including vehicles of the United States Postal Service; and ensuring that Federal funding is not directly subsidizing fossil fuels.

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

Jan 22-29, 2021

Nordic energy company Gasum to increase biogas availability, cut carbon emissions

RNG, carbon offsetting to help DTE Energy customers cut emissions

8% of gas consumed in EU by 2030 should be biomethane, says new policy paper

Biden Executive Orders set broad federal role in clean energy and climate change mitigation

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