September 10th 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 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!
According to the California Natural Gas Vehicle Partnership (CNGVP), real-world fleets are increasingly turning to near-zero emission natural gas vehicles (NGVs) and carbon-negative RNG. California’s heavy-duty diesel trucks are the state’s largest single combined source of smog-forming NOx and diesel particulate matter, as well as one of the largest sources of climate-altering GHG emissions, according to the group. Fleet vehicles fueled by RNG in California are helping to remove more GHG emissions from the atmosphere than any other alternative fuel available, and ultimately help to eliminate the climate impact of these heavy-duty vehicles.
While California continues to be a global leader in the fight against climate change, it still lags in one major area: reducing methane emissions from organic waste - California continues to rank as a top state with the most organic materials in landfills per capita. As municipalities and companies in California are determining how to meet the state’s organic waste disposal reduction mandates, RNG production provides a direct solution to immediately reduce waste and emissions. RNG derived from organic waste that is used to fuel vehicles can provide a 125% reduction in carbon intensity, while RNG sourced from dairy manure can result in a 400% CO2 reduction when replacing conventional vehicle fuels. In many instances, RNG has also been shown to be carbon negative because of the carbon captured during the process.
Starwood Energy, a private equity investment firm based in Greenwich, CT that specializes in energy infrastructure investments, announced an investment partnership with BerQ RNG Inc., a developer of RNG projects in the US and Canada. The new partnership will develop and acquire RNG projects in all stages, ranging from early development to operating projects, and will be majority owned by Starwood Energy.
Chevron U.S.A. Inc. (Chevron) announced a joint venture with Mercuria Energy Trading (Mercuria) that will own and operate American Natural Gas LLC (ANG) and its network of 60 CNG stations across the US. The creation of this joint venture will allow Chevron to rapidly grow its RNG value chain, complementing its previously announced plan to open more than 30 Chevron-branded CNG stations by 2025. Chevron is building a large-scale, vertically integrated RNG business in the US, including previously announced partnerships with Brightmark and California Bioenergy to produce RNG from dairy projects across the country. Chevron is committed to producing a tenfold increase in RNG volumes by 2025 compared to 2020 as part of its low carbon strategy.
For the latest articles on the RNG sector, click on the links below!
Sep 3-10, 2021
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