May 21st 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 announced it signed a contract valued at approximately $9.8 million (US$8.1 million) for supply of equipment for a new RNG project in the Midwest United States. This project will utilize Greenlane’s pressure swing adsorption (“PSA”) biogas upgrading system. Engineering work will begin immediately with a notice to proceed from the customer on equipment supply expected in the third quarter of 2021. The contract is for a large landfill gas-to-RNG project. Greenlane will supply its two-stage PSA system to upgrade the landfill gas to pipeline-specification RNG for direct injection into the local natural gas grid. “This is an important contract win for Greenlane, highlighting our expertise, experience and proven track record in landfill gas-to-RNG projects,” said Brad Douville, President & CEO of Greenlane. “Our sales backlog continues to expand as we successfully convert sales opportunities into revenue-generating projects and is indicative of the health and strong growth trajectory of the RNG industry.”
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 sold more than 125 biogas upgrading systems into 19 countries and counting. We’ve learned a lot along the way. First to market in 12 of the 19 countries where our systems have been sold, 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!
California’s Low Carbon Fuel Standard (LCFS) is driving the development of dairy farm biogas projects in the U.S. Midwest, with dozens of projects worth millions of dollars each underway across the region. The California Air Resources Board (CARB) adopted the LCFS in 2009. The standard seeks to slash the carbon intensity of transportation fuel by 20% by 2030, with annual benchmarks for gasoline, diesel, and greener replacement fuels. Under the policy, RNG is used to reduce emissions from existing natural gas-fueled vehicle fleets such as transit buses, trucks, vans, and other multi-passenger vehicles. California refineries, petroleum importers and wholesalers receive credits for buying renewable fuels that lower the overall carbon intensity (CI) of the fuels they sell. RNG from landfills, wastewater sludge and food and green waste all have a lower CI than any form of fossil fuel gas, and the lowest by far, and thus the highest value credits, is for RNG from dairy farms, which has spurred a biogas boom in the U.S. Midwest.
The world’s largest public access biomethane refuelling station for heavy goods vehicles (HGVs) will open by the end of 2021 near Bristol, U.K. The new CNG Fuels station will allow commercial fleet operators to run their vehicles on low-carbon fuel and will be capable of refuelling 80 HGVs per hour from 14 high-speed dispensers and will join six existing refuelling stations already operational across the U.K. 100% of the fuel supplied by CNG Fuels is renewable and sustainable biomethane, approved under the Department for Transport’s Renewable Transport Fuel Obligation (RTFO) scheme. HGVs account for 4.2% of U.K. carbon emissions, so decarbonising the sector is essential to meet the country’s net-zero goals. Demand for the fuel from fleet operators is already growing at around 100% per annum, said CNG Fuels, with the company forecasting that this will continue to accelerate, and that by 2025 around 10% of the UK’s high-mileage HGV fleet will be running on bio-CNG.
For the latest articles on the RNG sector, click on the links below!
May 14-21, 2021
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