December 6th Issue of Greenlane Digest
IN THE NEWS
Greenlane and other biogas industry leaders announce the Integrated Biogas Alliance
Greenlane remains a "Buy" at Beacon
Greenlane (TSXV: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 clean energy resource.
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 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 delivered more than 100+ biogas upgrading installations in 18 countries and counting. We’ve learned a lot along the way. First to market in 11 of the 18 countries where our systems operate, 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!
Over the past week, Greenlane announced that the founding members of the Integrated Biogas Alliance (IBA) including: AB Energy (Italy), Eisenmann Corporation (USA), Entsorga (Italy), Tietjen (Germany), and Greenlane Renewables (Canada), all internationally recognized technology companies with long track records of success in the biogas industry, have joined forces on a non-exclusive basis to provide the global biogas industry with a unique, fully integrated organic waste to renewable energy platform solution.
Beacon Securities also remains positive on Greenlane with the announcement of the IBA alliance, which the analyst, Ahmad Shaath, says should fast-track development of new projects and could potentially make the alliance a “go-to, one-stop shop for waste-to-RNG projects.” In addition, Shaath believes Greenlane will have the opportunity to be part of new opportunities at an earlier stage of development, which will improve its chances of winning bids, and maintained his Buy rating and one-year $0.50 target price on Greenlane shares.
In other industry news, Canada Energy Regulator released its Energy Future 2019 - Energy Supply and Demand Projections to 2040, in which it highlights a changing energy mix in Canada over the forecast period, with an increase in the use of natural gas and renewables. With egress-related challenges facing Canadian natural gas producers, and a growing push for environmentally-sustainable and low carbon emission energy sources, there is a compelling opportunity for renewable natural gas to increase its visibility and market share now and well into the future.
For the latest articles on the RNG sector, click on the links below!
November 29-December 6, 2019
Canada Energy Regulator releases Energy Future 2019, highlighting growing natural gas and renewable use
Oregon's first dairy RNG facility opens, becoming one of the largest in the U.S.
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