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June 9th Issue of Greenlane Digest

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 issued the following news release this week:

Greenlane announces appointments of Executive Vice Chair and President and Chief Executive Officer as part of strategic growth plan

Greenlane announced the appointment of Brad Douville, current Chief Executive Officer (“CEO”), to the newly created role of Vice Chair of the Board of Directors, and a continuing full time executive role as “Executive Vice Chair” with a mandate to support management in advancing key strategic initiatives, and the appointment of Ian Kane as President and CEO to lead the Company’s profitable execution of its new strategic plan. Both appointments will be effective August 10, 2023. “Greenlane has grown rapidly over the past four years, and we are now resetting our strategic plan for the next stage of growth,” said Brad Douville, CEO of Greenlane.

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.

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!

Brightmark RNG Holdings LLC, a joint venture between Chevron U.S.A. Inc., a subsidiary of Chevron Corporation, and Brightmark Fund Holdings LLC, a subsidiary of Brightmark LLC, is positioned to expand RNG production with five new anaerobic digestion dairy farm projects in western Michigan, designed to convert animal waste to renewable fuels. The Castor Project, which processes manure from one large digester, is Brightmark and Chevron’s second-largest RNG project. Other Michigan projects in the joint venture include Meadow Rock, Red Arrow, Willow Point, and SunRyz. The net reduction of greenhouse gas emissions from the manure processed at the anaerobic digestion dairy farm projects in Michigan is equivalent to planting over 179,000 acres of forest each year. Additionally, these projects are expected to reduce land application of raw manure and improve odor, water quality, and nutrient management practices at farms.

The biogas industry has set aside €18 billion up to 2030 to ensure the scale-up of biomethane production and support both Europe's energy security and climate mitigation ambitions, according to the European Biogas Association (EBA). In its inaugural “Investment Outlook on Biomethane”, the EBA said the investments make additional whole-system benefits available to society, worth up to €7.9 billion per year. Following the announcement of the REPowerEU target one year ago, the EBA estimated that reaching 35 bcm of sustainable biomethane production will require an investment effort of €83 billion by 2030 depending on plant size, location and type of sustainable feedstock. The first edition of the Investment Outlook on Biomethane shows these efforts are taking shape: €4.1 billion will be invested in the coming 2 years, €12.4 billion by 2030 and €1 extra billion has been allocated with no specific timeframe. Investments are mostly located in France (€1.4 billion) and Italy (€1.1 billion) thanks to favourable conditions in those Member States, followed by the Netherlands (€951 million), Spain (€948 million), Germany (€658 million), Sweden (€635 million) and Poland (€429 million).

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

Jun 2-9, 2023

Brightmark, Chevron Partnership expands to Michigan with its second largest RNG project to date

EBA: EU biomethane production scale-up has €18 billion in pipeline

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