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!
Companies are on track to funnel US$1.5 billion into new biogas systems in the U.S. this year, with RNG set to play a significant role in helping companies hit net-zero targets and state mandates. The number of new biogas systems is rising and could jump even further next year, according to the American Biogas Council. The proliferation of these systems, which are mostly at wastewater treatment plants, farms, or landfills, is being boosted by incentives in the Inflation Reduction Act. Investment in U.S. biogas systems started to soar in 2021, amid a land grab and consolidation push. Last year, oil giant bp acquired Archaea Energy, one of the largest U.S. RNG operators, for US$4.1 billion, while earlier this month, the infrastructure investing business of Goldman Sachs Asset Management funded Synthica Energy, which develops biogas projects from food waste. And Canadian pipeline operator Enbridge committed US$1 billion to fund the deployment of digesters from Massachusetts startup Divert, and invested US$80 million into Divert.
Brightmark RNG Holdings LLC, a joint venture (JV) partnership between Chevron and Brightmark Fund Holdings LLC, have announced the delivery of the RNG from its Larson Project in Okeechobee County, Florida. The Larson Project is comprised of four lagoon anaerobic digesters located at Larson Family Farms. This marks the JV's inaugural RNG project in the state and builds on the JV's extensive network of projects across the US to produce dairy RNG for lower carbon intensity transportation fuel. The produced RNG is used as transportation fuel and the remaining solids are transformed into organic fertilizer. In addition, recaptured water returns directly to the farm or site where the digester is located for reuse. The project delivers several environmental benefits, such as odour mitigation and air quality, soil stabilisation, and nutrient control, improves the economics of dairy farming, and reduces the carbon intensity of agricultural practices.
For the latest articles on the RNG sector, click on the links below!
Aug 18-25, 2023
Money flows into U.S. biogas projects
Brightmark and Chevron announce delivery of RNG from Larson Project
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