July 17th 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!
On July 9, 40 Ministers from dozens of countries took part in the International Energy Agency’s (IEA) first Clean Energy Transitions Summit, to discuss how to bring about a sustainable and resilient recovery from the Covid-19 crisis and achieve a definitive peak in global carbon emissions. Participants in the summit accounted for over 80% of the global economy and discussed the IEA’s Sustainable Recovery Plan, which sets out actionable, ambitious policy recommendations and targeted investments. The Plan, developed in cooperation with the International Monetary Fund, would boost global economic growth by 1.1% per year, save or create 9 million jobs per year, and avoid a rebound in emissions and put them in structural decline. Achieving these results would require global investment of US$ 1 trillion annually over the next three years.
Earthjustice and the Sierra Club published a report in which they state that RNG is “too costly” and “environmentally risky” to replace fossil natural gas demand in buildings. The RNG Coalition, a trade organization, believes the report ignores many of the environmental benefits of RNG production and use, and the rapid growth in RNG production capacity, and welcome a national debate on the viability of RNG.
In Oregon, the Public Utility Commission (OPUC) completed the rulemaking process for Senate Bill 98 (SB 98), which was passed last year, that now allows natural gas utilities to procure RNG and offer it directly to customers. SB 98 goes further than any other law by setting voluntary goals for adding as much as 30% renewable natural gas into the state’s pipeline system by 2050. The law also allows up to five percent of a utility’s revenue requirement to be used to cover the incremental cost of investments in renewable natural gas infrastructure.
For the latest articles on the RNG sector, click on the links below!
July 10-17, 2020
Address: 110 - 3605 Gilmore Way, Burnaby BC V5G 4X5, Canada.