January 31th Issue of Greenlane Digest
IN THE NEWS
Greenlane inks agreement in principle with SWEN Capital to create a turnkey biogas joint venture in Europe
Beacon Securities increases Greenlane target to $1.10; remains bullish with Buy rating
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 an agreement in principle with Paris-based SWEN Capital Partners to create a joint venture company that will offer turnkey biogas upgrading systems for customers in Europe. The joint venture will combine Greenlane’s market presence, technical expertise, customer contacts and industry experience with SWEN’s financial backing (5 billion euro in AUM) to provide credible turnkey solutions to customers in Europe. The joint venture marks a step change in Greenlane’s evolution as it expands from the design and sale of biogas upgrading equipment to offering customers a complete turnkey solution.
On the back of the news, Beacon Securities increased its target price for Greenlane to $1.10 (from $0.50), highlighting the signing of the joint venture and the expanded opportunity set in Europe that the partnership should provide, offering a complete turnkey solution (technical and financial) to both greenfield clients and those clients with existing biogas streams.
The dairy industry continues to generate positive news flow with respect to RNG, as a new article highlights the strong potential for dairy farmers to turn manure waste into lucrative low-carbon credits. Dairy farms across the United States are investigating the potential to generate RNG for transportation use and as a low-carbon credit offset for natural gas utilities and end users in those states with low carbon renewable fuel standards (California and Oregon, for example).
For the latest articles on the RNG sector, click on the links below!
January 24-31, 2020
Biomethane from cow manure could be a "new gold rush"
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