April 6th Issue of Greenlane Digest
IN THE NEWS
Greenlane (TSX:GRN) is a pioneer in the rapidly emerging renewable natural gas (RNG) industry. 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 over 35 years of industry experience are fierce competitive advantages.
Today, we are a trusted partner globally and are ranked number one in installed capacity, having sold over 140 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!
Ontario Teachers’ Pension Plan will buy a majority stake in a U.S. company that produces RNG from cow waste. The pension plan will make a capital commitment of US$250 million to the firm, Sevana Bioenergy LLC (Sevana), to finance renewable gas projects across North America. Sevana has started projects across agricultural regions such as Oregon, Idaho, and South Dakota since its founding in 2017. Ontario Teachers’ Pension has committed to achieve net zero greenhouse gas emissions by 2050.
Over the next five years, 22 partners from nine European countries will join forces in the EU-funded project BIOMETHAVERSE, which is designed to diversify the technology basis for biomethane production in Europe, to reduce production costs and to contribute to the uptake of biomethane technologies. Co-funded by the EU, the project will support the bloc's scale-up of biomethane production to 35bcm by 2030, as proposed by the REPowerEU. In 2021, Europe's total biomethane production totalled 3.5bcm, and is expected to increase in the coming years. By 2030, BIOMETHAVERSE is intended to boost the current biomethane production by 66%. Upscaling to this degree could enable 113 Mt CO2eq GHG savings in Europe, which is similar to the current GHG emissions of Belgium.
For the latest articles on the RNG sector, click on the links below!
Mar 31-Apr 6, 2023
Ontario Teachers' aims to turn cow waste into profit with $250 million Sevana deal
EU-funded initiative to “enhance European biomethane potential by 66%”
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