TSX GRN
LAST 1.53
CHANGE -0.09
TSX GRN
LAST 1.53
CHANGE -0.09

May 28th 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 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.

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!

The United States Department of Agriculture (USDA) released its “90-Day Progress Report on Climate-Smart Agriculture and Forestry” in which it published the views of stakeholders across agriculture and forestry on how the agency should develop a climate-friendly strategy for the two sectors.  Biofuels and bioenergy, including biogas and RNG, emerged as one of the key themes in the report, including adoption of on-farm biogas capture technologies through USDA support of methane digesters and the role that agriculture can play in helping to decarbonize the transportation sector.

The U.K. is set to launch the country’s first renewable hydrogen project using biomethane as a feedstock.  The biomethane will be sourced from organic food waste and is slated to produce 1,000 kilograms of renewable hydrogen per day to fuel zero emission vehicles in London and Surrey.  The project is targeted to come online in the first half of next year.

Volvo Cars is set to reach climate-neutral vehicle production at one of its manufacturing facilities located in Torslanda, Sweden with the help of biogas.  The plant at Torslanda, which is Volvo’s oldest site, has been powered by climate-neutral electricity since 2008 and will now have climate-neutral heating provided in part with biogas.  The company has stated its commitment to a climate-neutral manufacturing network by 2025. Volvo Cars deems a manufacturing site as fully climate-neutral when it registers no net increase in the emission of GHGs into the atmosphere because of the energy used by the plant.

President Joe Biden’s 2022 budget proposal calls for more than $36 billion to fight global climate change, an increase of more than $14 billion compared with 2021, which would move forward the president’s commitment to cut U.S. carbon emissions by at least 50% by 2030.  The proposal includes major new investments focused on clean energy, climate and sustainability research and improved water infrastructure.  The $6 trillion budget proposal is also intended to fund the American Jobs Plan, a sweeping infrastructure package that proposes record spending on climate change mitigation and a nationwide clean energy transition, and if passed, would be one of the largest federal efforts ever to reduce emissions.

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

May 21-28, 2021

USDA progress report on climate smart ag, forestry includes biogas, RNG

UK hydrogen project to use food waste-derived biomethane

Volvo Cars manufacturing facility in Sweden goes climate-neutral with biogas

Biden’s budget proposal calls for more than $36 billion to fight climate change

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