March 6th 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 a corporate update in which it announced an increase to its sales pipeline and sales order backlog. As at December 31, 2019, Greenlane’s sales pipeline was in excess of $680 million, a year-over-year increase of over 50%. In addition, the company’s sales order backlog for new biogas upgraders was estimated at $16.2 million compared to the previous $9.6 million at the end of September 2019. The RNGC order announced in early February has increased the order backlog by $7 million.
Italian oil and gas producer Eni released its Long Term Strategic Plan to 2050 in which it plans to reduce net GHG emissions of its energy products by 80% through a combination of biomethane, hydrogen, carbon capture and storage, methanol, and recycling of waste materials.
The UK’s biomethane trade organization, the Anaerobic Digestion and Bioresources Association (ADBA), released a report in which it highlights the potential for biomethane to meet 30% of the UK’s legally-binding carbon budget by 2030. With a supportive policy and regulatory environment, the biomethane industry could deliver a 6% reduction in total GHG emissions in the country within the hard-to-decarbonize sectors of heat, transportation, waste management, and agriculture.
Sweden is building a new biogas refuelling station in Linkoping, the country’s fifth-largest city. The liquid biogas will consist of 100% renewable biogas and will be designed to offer the fuel to heavy truck transportation.
And in Utah, consumers can now choose to buy blocks of renewable natural gas from Dominion Energy for $5, which will be added as a surcharge to monthly gas bills. Dominion’s GreenTherm program, which is voluntary, will use the funds generated to purchase renewable natural gas from methane recapture plants, either locally in Utah or from elsewhere in the country.
For the latest articles on the RNG sector, click on the links below!
February 28-March 6, 2020
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