March 5th 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 issued 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!
Greenlane will announce its 2020 full year and fourth quarter financial results on Thursday, March 11th, 2021 after markets close, followed by a conference call at 5:00 PM ET (2:00 PM PT). Representing management will be Brad Douville, President and Chief Executive Officer and Lynda Freeman, Chief Financial Officer. To access the conference call by telephone, please dial: 1-800-319-4610 (Canada & USA toll-free) or 604-638-5340. Callers should dial in 5-10 minutes prior to the scheduled start time and ask to join the Greenlane Renewables conference call.
According to the U.S. Environmental Protection Agency (EPA), more than 500 million gallons of RNG were produced for transportation consumption in 2020, which represents a 25% increase over 2019. Driven by state and federal policies, such as the Renewable Fuel Standard and California’s Low Carbon Fuel Standard, the growth in RNG production for the transportation sector continues to highlight the increasing importance of RNG as a valuable tool to decarbonise the sector.
A company whose platform helps track renewable electricity transactions says it’s achieved an important milestone in developing a similar market for RNG and hydrogen. M-RETS, a Minneapolis-based company, announced its first transaction last month using a new “renewable thermal certificate” standard it created for thermal energy, which it has been developing for several years after identifying a need for better verification and transparency around RNG transactions. The certificates aim to capture a project’s environmental value and verify its integrity, which will allow companies to claim emissions benefits of those projects not directly connected to its operations.
Global supermajor Total and Clean Energy Fuels, the largest provider of RNG transportation fuel in the U.S., finalized their partnership that was announced last December. The companies agreed to a 50/50 joint venture to develop carbon-negative RNG production facilities in the U.S. and provide credit support to build additional downstream RNG fueling infrastructure for the transportation sector. The initial commitment is $100 million with a runway to $400 million as development opportunities progress.
For the latest articles on the RNG sector, click on the links below!
Feb 26 – Mar 5, 2021
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