March 19th Issue of Greenlane Digest
IN THE NEWS
Greenlane (TSX: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 and carbon-negative clean energy resource.
Greenlane was in the following news release this week:
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 110 biogas upgrading systems 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 American Biogas Council (ABC) announced the eight fastest-growing biogas businesses in the United States, one of which is Greenlane Renewables. Collectively, revenue from these fastest growing eight companies increased by more than 300%. The ABC also highlighted the enormous potential for new biogas systems to handle the large volumes of organic waste, saying that at least 15,000 new biogas systems could be built, with an estimated $45 billion in new capital deployment. They estimate those new systems could produce enough energy to power 7.5 million homes and reduce emissions equivalent to removing over 15 million passenger vehicles from the roads.
FortisBC Energy and Metro Vancouver, which have created a partnership to achieve regional climate action goals, introduced a new RNG plant in Richmond, BC at Metro Vancouver’s Lulu Island wastewater treatment plant. The new facility will produce enough RNG to heat more than 600 homes initially, with production anticipated to grow as the region’s population expands. FortisBC has a “30BY30” plan, aiming to cut customers’ GHG emissions by 30% by the year 2030, while Metro Vancouver is implementing its Climate 2050 Strategy, an initiative targeting a 45% reduction in regional GHG emissions by 2030 and carbon neutrality by 2050.
The California Air Resources Board (CARB) has indicated to the market the importance of RNG produced from food scraps as it recently certified the first, and to date only, food scraps to RNG pathway that is used to calculate carbon intensities (CI) for the state’s Low Carbon Fuel Standards (LCFS). This pathway certification is important in that it helps divert food scraps from landfills, and food scrap RNG projects don’t have to be located in California to generate the LCFS credits. In order to generate valuable LCFS credits, a biofuels producer must have its fuel pathway certified by CARB.
bp and Aria Energy announced a project to capture methane from waste at three California dairy farms and process it into RNG, which will then be supplied as fuel for the U.S. transportation sector. The project, called RNG Moovers, will see digesters installed at three dairy farms in California’s Central Valley, producing biogas from farm waste rather than allowing it to decompose and release methane into the atmosphere. bp will deliver the RNG to the transportation sector through a 20-year offtake agreement executed by its low carbon trading business.
For the latest articles on the RNG sector, click on the links below!
Mar 12-19, 2021
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