August 6th 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.
Greenlane issued the following news release this week:
Greenlane will announce its 2021 second quarter financial results on Thursday, August 12th, 2021, after markets close, followed by a conference call at 5:00 PM ET (2:00 PM PT). Representing management will be Brad Douville, President and Chief Executive Officer and Lynda Freeman, Chief Financial Officer. To access the conference call by telephone, please dial: 1-800-319-4610 (Canada & USA toll-free) or 1-604-638-5340. Callers should dial in 5-10 minutes prior to the scheduled start time and ask to join the Greenlane Renewables conference call.
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 125 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 the largest RNG production facilities in North America and Europe, respectively.
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!
A Dutch maritime bio-LNG project has received funding from the European Commission to develop bio-LNG as a marine fuel. The project aims to decarbonize the maritime sector by demonstrating the first industrial plant producing renewable, low-carbon bio-liquefied natural gas ‘in a standardised and scalable fashion’, enabling the cost-effective substitution of heavy fuel oil.
Duke University in Durham, North Carolina, announced an agreement to purchase 95,0000 MMBtus of RNG for use in its steam plants on campus. The 20-year deal will see the university replace 6% of its fossil natural gas that is currently combusted and move the institution closer to meeting its net-zero GHG emissions commitment by 2024.
“There’s no net zero without biogas” has been a motto for the anaerobic digestion (AD) and biogas industry for some time now – both in the UK and globally. It captures the significant role that AD can play in helping the UK achieve its ambition to reach net zero emissions of GHGs by 2050. Last month, 49 AD organisations led by the Anaerobic Digestion and Bioresources Association (ADBA) submitted a “UK Biogas Industry Climate Declaration” to Prime Minister Boris Johnson, in which they call for the UK government to support them in helping the UK meet its climate change targets, addressing the especially harmful methane emissions which both the IEA and UNEP have said must be reduced this decade.
For the latest articles on the RNG sector, click on the links below!
July 30-Aug 6, 2021
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