March 20th 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!
Heathrow airport has announced that it will be replacing all fossil natural gas with RNG as it signed a deal with ENGIE. The company will supply Heathrow with biomethane from anaerobic digestion across all terminals until March 2022, which is inline with the UK’s aviation industry’s firm commitment to reach a net zero carbon emissions target by 2050.
Another pension fund is exiting fossil fuel investments, as a major Swedish fund announced it no longer will invest in fossil fuels. The fund, AP1, stated that it had decided to develop a roadmap and measurable targets towards reaching a carbon neutral portfolio by 2050. AP1 halted investment in oil sands and thermal coal in late 2018, with the decision to divest from all fossil fuels taken by the fund’s board of directors in December 2019.
In the UK, demand for biomethane compressed natural gas (bio CNG) has increased by 800% driven by major companies adopting alternative fuels in the movement to reduce net carbon emissions. Fleet operators in the country have rapidly been increasing the number of biomethane-fueled trucks, and one estimate pegs heavy trucks and buses that run on CNG to grow six-fold to 60,000 by 2030.
The International Energy Agency (IEA) published a new report in which it believes the world’s biogas and biomethane resources could cover 20% of global gas demand while significantly reducing GHGs. The agency believes that with government support, biogas and biomethane can play major roles across all geographies in a sustainable energy future. To view the full report click here.
For the latest articles on the RNG sector, click on the links below!
March 13-20, 2020
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