TSX GRN
LAST 0.51
CHANGE 0.00
TSX GRN
LAST 0.51
CHANGE 0.00

April 22nd 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.

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 hydrogen economy is here and now. The rapidly growing opportunity is significant, and the RNG industry has a key role to play, according to BayoTech, a full-service hydrogen supplier, in a recent webinar sponsored by the Coalition for Renewable Natural Gas. BayoTech estimates the total potential of hydrogen from biogas to be greater than 4.2 million metric tons per year (MT/year), from a variety of sources, including landfill gas (2.8 million MT/year), wastewater (600,000 MT/year), animal waste (500,000 MT/year), and industrial and commercial projects (300,000 MT/year). According to data from the RNG Coalition, there are currently around 200 active or developing RNG projects across the U.S., but the potential is closer to around 43,000.

National Grid, a U.K.-based gas utility with U.S. operations in the northeast, is planning to decarbonize its U.S. natural gas pipeline system by 2050, a move that dovetails with broader state efforts to ensure Massachusetts is net-zero carbon emissions by that date. National Grid plans to incorporate two forms of “clean” gas in its pipeline distribution network: RNG, generated from decomposing materials at farms, landfills, and sewage treatment plants, and “green” hydrogen, created from water by using electricity produced by offshore wind farms.

The war in Ukraine has given renewable gas a new impetus, with the European Commission proposing to ramp up biomethane production to 35 billion cubic metres (bcm) by 2030, up from 3 bcm in 2020. The advantage of renewable gas is that it can be produced within Europe, which is why the European Commission has made it a priority in its REPowerEU plan that aims to move away from Russian gas “well before 2030”. Biomethane and green hydrogen are high on the list of priorities in Brussels. Production should already be increased by 0.5 bcm before the end of the year. By the end of the decade, this should replace 20% of gas imported from Russia. With these new targets, around 10% of the bloc’s energy needs should be covered in 2030, according to the European Biogas Association (EBA). And if the trend continues, 30-40% of the EU’s gas demand could be covered by 2050.

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

Apr 14-22, 2022

Fueling the Hydrogen Revolution with RNG

National Grid unveils plan to run carbon-free gas through its pipes by 2050

Europe rediscovers biogas in search for energy independence

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