December 23rd 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 30 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 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!
Biomethane as a transport fuel provides a sustainable and readily available alternative for conventional transport fuels. A recent paper shows that by 2050 liquified biomethane (bio-LNG) can reduce GHG emissions in the transport sector by 95% to 174%. This scenario is particularly encouraging for the maritime sector as it meets the target of 75% GHG emissions reduction by 2050 set in EU legislation. According to the European Environmental Agency, transport is responsible for 27% of Europe’s total GHG emissions and is a major contributor to climate change. The European Commission has recently set a target to increase the share of renewable energy in transport to at least 14% by 2030, including a minimum share of 3.5% of advanced biofuels. One of the options for the fast decarbonisation of the transport sector is to use bio-LNG, produced from organic residues and resulting from the purification of biogas. This renewable fuel is readily available for use at scale and with infrastructure in place.
Clean Energy Fuels, the largest provider of the cleanest fuel for the transportation market, announced the opening of another RNG fueling station that will provide an anticipated 1.4 million gallons of the clean fuel annually for Amazon and other truck fleets in the greater Chicago area. The Romeoville, IL station is part of an agreement between Clean Energy and Amazon for Clean Energy to build 19 stations nationwide. The station is intended to support the retailer in its adoption of RNG, a sustainable fuel produced from organic waste, which has been given an average carbon rating of -317 by the California Air Resources Board and is helping fleets to further their carbon reduction and fiscal goals. The station initially will fuel more than 100 Amazon trucks and is designed with sufficient fueling capacity to accommodate several hundred more trucks. Amazon heavy-duty trucks have already fueled at more than 86 existing Clean Energy stations around the country and under the agreement announced last year, another 17 new Clean Energy-owned stations are slated to follow Romeoville, with several expected to open early next year.
Énergir Development, a diversified energy business, and Nature Energy, a world leader in renewable energy, are joining forces to co-develop biomethanisation plants in Québec. Under the agreement, Énergir and Nature Energy will co-develop and implement up to 10 projects, in Québec’s high agricultural density regions, producing up to 200 million m3 of RNG per year. The projects would supply one third of Québec’s 2030 RNG target, reducing CO2 emissions by up to 400,000 tonnes. This is comparable to taking nearly 100,000 gasoline-powered cars off the road. The partnership between Énergir and Nature Energy will generate investments of approximately $1 billion, creating more than 600 indirect jobs and more than 100 direct jobs once the plants are operational.
For the latest articles on the RNG sector, click on the links below!
Dec 16-23, 2022
Bio-LNG can support Europe’s journey towards sustainable mobility by 2050
Clean Energy opens new RNG station for Amazon
Énergir, Nature Energy join forces on biomethanation plants in Québec
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