IN THE NEWS
Greenlane (TSX:GRN) is a pioneer in the rapidly emerging renewable natural gas (RNG) industry. We work with waste producers, gas utilities, and project developers to turn low-value biogas into a valuable low-carbon and carbon-negative clean energy resource. As a leading global provider of biogas upgrading systems, we are helping to clean up two of the largest and most difficult-to-decarbonize sectors of the global energy system: the natural gas grid and the commercial transportation sector.
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 a 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 over 35 years of industry experience are fierce competitive advantages.
Today, we are a trusted partner globally and are ranked number one in installed capacity, having sold over 140 biogas upgrading systems into 19 countries and counting. We’ve learned a lot along the way. First to market in 12 of the 19 countries where our systems have been sold, we’re also proud to have supplied the systems for many of the largest RNG production facilities in the world.
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!
The European Biogas Association (EBA) has released its EBA/GIE Biomethane Map 2022-2023, which shows that Europe reached a total of 1,322 biomethane-producing facilities by April 2023, with 299 new plants, an increase of almost 30% over 2021. Europe is already producing over 3.5 bcm of biomethane. This represents a production increase of 20% in 2021. An even bigger increase is expected for 2022 where, despite consolidated data not being disclosed, estimates point to a significant increase in the number of plants and production. The map also shows that over 75% of the current plants are already connected to the transport or distribution grids. Regarding feedstock use, the map shows a clear trend towards agricultural residues, organic municipal solid waste, and sewage sludge.
The green push by the U.S. and state governments is turning trash into treasure and boosting the firms that handle America’s garbage. Shares of the biggest players in the U.S. trash business, Waste Management (WM) and Republic Services (Republic), have traded at record highs since President Biden signed the IRA last August. WM and Republic are building plants to isolate methane from the fumes emitted by rotting garbage and pipe it into the natural-gas grid to be burned in power plants, furnaces and kitchens. WM, which operates more than 250 landfills, is in the second year of a four-year plan to spend $1.2 billion adding 20 trash-gas plants as well as $1 billion expanding and automating its recycling business. Republic, which has 206 active landfills, has a joint venture with a unit of bp to install gasworks at 43 of its dumps. The Phoenix firm has 65 landfill-gas plants. Some feed utility pipelines. Others generate electricity on site.
For the latest articles on the RNG sector, click on the links below!
May 26-June 2, 2023
New record for biomethane production in Europe
Wall Street’s next big play is garbage
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