October 16th 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!
Last week Chevron U.S.A. and Brightmark LLC announced a partnership to focus on dairy biomethane fuel projects. Equity investments by each company into a new joint venture will fund construction and commercial operation of dairy biomethane projects in multiple states. Chevron will purchase RNG produced from the projects and market the volumes for use in CNG-fuelled vehicles. Recall that Greenlane also announced last week that it signed a $7.7 million (US$5.8 million) contract for a new Brightmark dairy farm RNG project in Florida (for more info please click here).
National Grid, the multinational gas and electric utility based in London, is the latest utility to map out net zero emission goals, announcing a “Net Zero by 2050 Plan” across its natural gas and electricity distribution networks in the United States, comprising New York, Massachusetts and Rhode Island. The utility has set multiple targets to be achieved by 2030, including a 20% GHG emission reduction, with RNG playing a vital role. National Grid has been injecting RNG into its gas distribution network since 1981 and plans to scale up larger RNG volumes from sustainable biomass feedstocks.
The new EU Methane Strategy highlights the strong potential of biogas to reduce methane emissions in agriculture and boost rural development, which the European Biogas Association (EBA) celebrates as a fundamental step towards carbon neutrality by 2050 as well as an economic boost for rural economies. As of 2023, EU Member States are required to separate the collection of organic waste, and anaerobic digestion of the waste with production of biogas and biomethane can play a key role in not only reducing emissions but also in shaping a circular economy that will help rural development. According to the EU, 53% of emissions caused by human activity are generated from agriculture, followed by waste at 26%.
For the latest articles on the RNG sector, click on the links below!
Oct 9-16, 2020
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