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TSX GRN
LAST 1.57
CHANGE -0.05

March 26th 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 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.

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!

Tech giant and Washington state’s largest employer, Amazon, sent a letter to the state’s governor declaring the company’s support for a low carbon fuel standard (LCFS) in Washington state.  House Bill 1091 would require that fuel producers and importers reduce the greenhouse gas (GHG) emissions attributable to each unit of transportation fuel, a measure known as “carbon intensity.” Carbon intensity includes not only the emissions associated with burning fuels, but also the emissions created in extracting and transporting them. Under the bill, fuels’ carbon intensity would have to decline over time, dropping by at least 20% by 2035.  Amazon believes the LCFS is a cost-effective strategy to accelerate the transition to lower carbon vehicles and fuels for consumers and companies.

The founder of the Coalition for Renewable Natural Gas, David Cox, wrote an op-ed piece this week on the importance of RNG as a reliable clean energy source, stating that RNG not only serves as a key piece to combatting climate change, but it also diversifies the United States’ clean energy portfolio while providing reliable power to millions of homes and businesses. Among the many advantages of RNG use is that it can plug in to existing natural gas infrastructure without investing in costly infrastructure updates and can be deployed as a significant source of power throughout the country today.  Alluding to the recent shutdown of the power grid in the state of Texas, Mr. Fox also highlights RNG as a reliable back-up energy source when weather events make other energy sources limited or inaccessible.

SoCalGas, the largest gas utility in the U.S., announced its commitment to achieve net zero GHG emissions in its operations and delivery of energy by 2045.  SoCalGas, which serves nearly 22 million residents in California, or roughly half the state's population, has a long record of emissions reduction progress, including the delivery of increasing amounts of carbon negative RNG to its customers.  One of the utility’s commitments to reach net zero is growing RNG delivery to 20% of total pipeline volumes within its entire system.

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

Mar 19-26, 2021

Amazon supports a clean fuel standard in Washington state

RNG is crucial to diversify our clean energy sources

SoCalGas sets bold net zero emissions pledge

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