April 1st 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. As a leading global provider of biogas upgrading systems, we are helping to clean up two of the largest and most difficult-to-decarbonize sectors of the global energy system: the natural gas grid and the commercial transportation sector.
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 135 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 many of the largest RNG production facilities in the world.
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!
Sweden’s government has announced a long-term investment plan for biogas production. The new regulation means those who produce biogas can receive a subsidy of up to 30 ore (€0.02) per kWh if the biogas is upgraded to the same quality as natural gas, and liquefied biogas can receive an additional 15 ore (€0.01) per kWh in support. In the long term, it is hoped this can reduce the country’s dependence on imports of fossil natural gas. In the budget bill for 2022, SEK 500 million (€47.9 million) was set aside to increase biogas production, and SEK 700 million (€67 million) per year was proposed for biogas investment in 2023 and 2024, with further investment continuing through 2040.
U.S. demand for natural gas that can be produced from waste and other renewable sources could jump 45-fold over the next two decades as utilities seek to reduce their carbon emissions, according to BloombergNEF. Consumption of RNG could reach as much as 3.15 trillion cubic feet per year by 2040 as it becomes a key decarbonization tool for gas utilities, which compares with about 70 billion cubic feet in 2021. RNG could potentially substitute as much as 12% of current U.S. demand, up from less than 1%, if technologies still in early stages of development are implemented in a commercial scale, according to BloombergNEF.
A new study exploring different pathways for Southern Company Gas to achieve net-zero direct GHG emissions has found incorporating natural gas efficiency technologies and RNG to be the most beneficial in terms of cost and sustainability. The analysis demonstrates that Southern Company Gas expects to be able to fully support its Atlanta-based parent Southern Company’s goal to reach enterprise-wide, net-zero direct GHG emissions by 2050 in addition to providing benefits to its customers and communities. The study revealed that Southern Company Gas’s operating companies could offset direct methane emissions with RNG projects providing local supply and economic development opportunities in each state. For example, in partnership with agricultural interests, such as dairy farmers or food processors, on-site facilities, can convert animal, food, and agricultural waste into a useful fuel for customers and prevent the release of methane emissions.
For the latest articles on the RNG sector, click on the links below!
Mar 25 – Apr 1, 2022
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