November 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 will announce its 2021 third quarter financial results on Tuesday, November 9th, 2021 after markets close, followed by a conference call at 5:00 PM ET (2:00 PM PT). The public is invited to listen to the conference call in real time by telephone. To access the conference call by telephone, please dial: 1-855-327-6838 (Canada & USA toll-free) or 1-604-235-2082. Callers should dial in 5-10 minutes prior to the scheduled start time and ask to join the Greenlane Renewables conference call.
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 a 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!
The energy transition is already underway, but the reconciliation bill and the pending $1 trillion infrastructure bill in the United States would accelerate the shift away from fossil fuels in the power, transportation and building sectors. The legislation extends and creates new tax credits for various resources, including biogas properties. The bill appears to put the US on track to meeting Biden's pledge to cut greenhouse gas emissions by 50% below 2005 levels by the end of this decade, although there will likely be significant changes to the legislation as negotiations continue on the specific details of the package.
World leaders have pledged to cut methane emission levels by 30% by 2030 at the COP26 event in Glasgow. The Global Methane Pledge is an international initiative put forward by the US and EU to reduce methane emissions to help slow global warming. The pledge is to cut methane emissions from human activity by 30% against 2020 levels by 2030. In the US, the Department of Agriculture is working to significantly expand the voluntary adoption of climate-smart agriculture practices that will reduce methane emissions from key agriculture sources by incentivising the deployment of improved manure management systems, anaerobic digesters, new livestock feeds, composting, and other practices. The US Congress is considering supplemental funding that would support many of these efforts.
As Europe is preparing for a winter of uncertainty regarding natural gas supplies while setting the pace towards climate-neutrality, the availability of domestic renewable gas to meet energy demand is in the hotspot. Among these renewable gases, biomethane production is scaling-up and the sector is exploring the potential of alternative sustainable feedstocks to support this objective. A recent article published by Ghent University in collaboration with the European Biogas Association (EBA) and Consorzio Italiano Biogas (CIB) shows that with appropriate innovations in crop management, sequential cropping (a practice currently mainly implemented in Italy) could be applied as feedstock for biomethane production in different agroclimatic regions of Europe, contributing to climate and renewable energy targets.
SoCalGas announced the opening of a new fueling station located in Menifee, California. The new fueling station will exclusively offer RNG, a clean, sustainable fuel made from methane that would otherwise be emitted from landfills, dairy farms, and other waste sources. The Menifee CNG fueling station is the sixteenth public station operated by SoCalGas, which has worked with fleet owners to secure millions of dollars in incentive funding for the replacement of diesel trucks with cleaner, new near-zero emissions natural gas trucks. Additionally, SoCalGas plans to convert 200 Ford F-250 service pick-up trucks to run on RNG within its own fleet. With the addition of these trucks, nearly 40 percent of SoCalGas' fleet will be operating on clean fuels.
For the latest articles on the RNG sector, click on the links below!
Oct 29 – Nov 5, 2021
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