March 27th 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!
Greenlane provided an operational update with respect to the COVID-19 virus outbreak. To date, there have been no known cases of COVID-19 at any of Greenlane’s offices or projects, and the company is in constant communication with its customers and suppliers to make real-time assessments and adjustments. Greenlane has a strong balance sheet after having completed an $11.5 million public offering in February and continues to prudently manage its liquidity position. Management remains vigilant with ongoing developments and business impacts due to the fluidity of the global pandemic
A new bill that targets net zero farming in America has been placed before the House of Representatives. The bill aims to deliver net neutral carbon emissions target by 2040, including a 50% cut in GHG emissions by 2030. Anaerobic digestion of manure and food waste streams to produce biogas feature prominently in the bill.
The Low Carbon Vehicle Partnership (LowCVP) has released a new report for fleet operators in the UK in which it outlines the benefits of renewable fuels in commercial transport. The guide focuses on commercial vehicles (heavy goods vehicles and light duty vans) and shows how the adoption of renewable fuels (including biogas) from sustainable feedstocks offers one of the quickest and most viable paths to lowering GHG emissions.
For the seventh year in a row, the UK has reduced annual GHG emissions. The provisional data provided by the government points to a 3.6% reduction year-over-year in 2019 compared to 2018, and close to 28% compared to 2010. Approximately 37% of the UK’s electricity was generated by renewable energy sources in 2019, including wind, solar, and biomass. Expect renewables to keep growing in the UK’s energy mix as it moves toward net zero carbon emissions as fast as possible.
For the latest articles on the RNG sector, click on the links below!
March 20-27, 2020
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