March 13th 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!
The growing focus on agricultural manure as both an economic source of RNG and a significant source of GHG (in this case methane) emission reductions, which we have highlighted numerous times in past issues of the Digest, hits the pages of Scientific American, a noted scientific journal.
In the UK, the Renewable Energy Association (REA) predicts that green jobs could increase by 85% in 10 years with government support. The REA is calling on the government to implement a more effective taxation system that promotes renewable energy and clean technologies as well as providing a path to market for renewable transport, power and heat technologies.
The U.S. Department of Agriculture released its “Agriculture Innovation Agenda”, which is focused on increasing agricultural production in the country by 40% while cutting the environmental footprint of agriculture by 50% by 2050.
In the transportation sector, attention continues to focus on the benefits of using RNG as a fuel for commercial fleets, as the evidence continues to mount that it is a price-stable, low-carbon fuel option compared to conventional diesel and gasoline. RNG can even be a negative-carbon option if it is sourced from dairy manure.
And finally, on the capital markets front, Brown University has announced that it has divested 90% of its fossil fuel holdings in its endowment fund, with plans to liquidate the rest. Brown’s investment office has applied ESG standards in all investment decisions for the past five years. In addition, the university is planning to shift a natural gas heating plant to either biofuel, or offset the natural gas burn by investing in a RNG project.
For the latest articles on the RNG sector, click on the links below!
March 6-13, 2020
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