December 9th 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!
The Renewable Natural Gas Incentive Act has been introduced in the U.S. House of Representatives as a bipartisan effort to provide a tax credit for motor vehicles that use RNG to further support clean and efficient transportation across America. The Renewable Natural Gas Incentive Act would create a $1.00 per gallon tax credit for dispensers of RNG used for transportation, thereby encouraging commercial truck and transit fleets to convert their vehicles from diesel to zero emission equivalent RNG, or biomethane. With this credit, America’s transit agencies can continue to invest in cleaner, commercially available and proven RNG buses without reducing service or increasing fares, school districts can provide cleaner rides to school by replacing their dirty legacy fleets, and freight haulers and package delivery companies can afford to replace aging diesel trucks with cleaner RNG trucks.
After 15-plus years of development, anaerobic digestion (AD) technology has become more refined and standardized, and is attracting significant amounts of institutional capital investment. The industry has matured and is now poised for major expansion. By mid-2022, more than 250 facilities producing RNG were in operation, up from just 60 in 2014. The majority of these projects now employ anaerobic digesters in urban and rural settings. Another factor driving the growth of AD technology is the institutional capital now flowing into this field at record levels. In just the past six months, Black Rock, the largest asset manager in the world bought Vanguard Renewables, a leader in building agricultural waste digesters; Shell is acquiring Nature Energy; and Itochu, a major Japanese trading house invested in Seattle-based Impact Bioenergy, which is developing small scale food waste digesters.
The 2022 edition of the EBA Statistical Report, which was recently published, shows that the biogas and biomethane sector is already providing 18.4 bcm of renewable gas to Europe. The demand for biomethane for all final uses is strong: last year, the growth of the sector was unprecedented, with a 20% increase in biomethane production and a total of 3.5 bcm produced in 2021. An even greater expansion is expected in 2022, as a record number of new biomethane plants (184) started production last year and will become operational within 2022. The deployment of renewable gases entails a substantial contribution to climate targets, but also to the EU’s independence from natural gas imports. 82% of the natural gas consumed in 2021 came from external supplies (338 bcm), with 15 Member States importing over 90% of their gas. Russia was the main source of supply and represented 33% (137 bcm) of the EU’s natural gas consumption in 2021.
For the latest articles on the RNG sector, click on the links below!
Dec 2-9, 2022
$1.00 RNG Motor Fuel Tax Credit Bill introduced in U.S. House
Why the AD industry is poised for expansion
2022 EBA Statistical Report shows sharp 20% increase in European biomethane production in 2021
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