April 8th 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 issued the following news release this week:
Greenlane announced that Lynda Freeman, Chief Financial Officer (“CFO”), has provided notice to resign her position as CFO effective the end of June to pursue time with family. The Company has begun the process of seeking a successor. Ms. Freeman will continue on a full-time basis until June 30th to support this transition and expects to remain on a part time basis in an alternate role after June 30th.
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!
The push toward creating renewable natural gas from waste has seen exponential growth in recent years. Based on recent investment trends, and projections that domestic RNG production could reach as much as 30 times current production over the coming years, it appears this sector is only just getting started. According to the RNG Coalition, which was founded in 2011 and represents the interests of companies investing in RNG systems throughout North America, there are currently 250 operating RNG facilities in North America, with 112 RNG projects under construction and an additional 125 RNG projects that have already achieved significant development benchmarks. Based on these numbers, the RNG Coalition anticipates the industry to double in the next 18 to 24 months.
As Germany attempts to reduce its dependence on Russian gas, the strong fumes from manure and other organic waste on farms could act as an alternative energy source. The entire biogas sector is jumping at the chance to grow, driven by the current crisis in Ukraine, as Berlin looks to quickly curb its dependence on Moscow for energy. Before the Ukraine war, Germany imported 55 per cent of its natural gas from Russia, half its coal and around 35 per cent of its oil. For the moment, biogas accounts for only 1 per cent of consumption in Europe's top economy. Signalling that this message is being heard, the German government has announced its desire to "increase the production of 'green' gas" this month, as part of moves to boost resilience in the face of rising energy prices. "We could immediately increase our production by 20 per cent, and replace 5 per cent of Russian gas, if some regulatory barriers were lifted tomorrow," said Horst Seide, president of the German federation of biogas producers.
As the climate crisis accelerates and the need to decarbonize using independent energy sources grows increasingly urgent, governments and industry must cooperate in developing clean and renewable energy options. There is no silver bullet to solve climate change, but anaerobic digestion (AD) is a critical piece of the puzzle. The United States stands to gain much from deploying AD. The American Biogas Council estimates the AD market could build as many as 13,500 new projects, producing enough energy to power 7.5 million homes and cut emissions equivalent to removing 15.4 million automobiles from the road. Digesters could account for $40 billion in capital deployment to create 335,000 short-term and 23,000 long-term jobs. Of the 103 million tons of food we waste annually in the U.S., 53.5 million tons go to landfills or incinerators or are land-applied. Diverting organics to anaerobic digesters would reduce harmful greenhouse gas emissions, odors and groundwater pollution and create carbon-neutral energy in the process.
A new platform for the trading of green gases, such as biogas and hydrogen, has been launched in Austria. The Central European Gas Hub (CEGH), a fully consolidated company of OMV Group, launched the CEGH GreenGas Platform with plans to expand it into central and Eastern Europe. Green gases like biogas and hydrogen will make a significant contribution to the decarbonisation of the energy system. Around 0.1 TWh of biomethane is currently being fed into Austria’s natural gas network. By 2050, 5 TWh of green gas should be available.
For the latest articles on the RNG sector, click on the links below!
Apr 1-8, 2022
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