The 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.

THE LATEST

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!

Goldman Sachs Asset Management has established Verdalia Bioenergy, a new business focused on developing, acquiring, building, and operating biomethane plants across Europe. Verdalia will be looking to invest in both early-stage development projects and larger operational assets. The company has already signed its first agreement to purchase a portfolio of biomethane projects in mid-stage development in Spain, with total capacity of 150 GWh/year, subject to regulatory approval. Verdalia aims to become a leading biomethane operator, starting in Spain with subsequent plans to expand across Europe, and to deploy in excess of €1 billion over the next four years.

H.I.G. Capital (H.I.G.), a global alternative investment firm with $54 billion of equity capital under management, has announced that its portfolio company, Northern Biogas LLC (Northern Biogas), has acquired three additional dairy RNG projects, significantly expanding its RNG production capacity. Following H.I.G.’s original investment in September 2022, the acquisition of these three facilities marks an acceleration of the company’s rapidly expanding RNG project development pipeline.

The Port of Seattle’s Maritime Division and Economic Development Department have agreed to purchase more than 240,000 therms of RNG for use in facilities that currently use natural gas for energy. The switch to RNG is expected to result in a reduction of carbon emissions of about 1,291 metric tons each year. The RNG that will be sourced from Puget Sound Energy (PSE) will  primarily go to the top three facilities that consume the most natural gas: Pier 66 and Terminal 91 that handle cruise ships, and maintenance facilities. The Port of Seattle estimates that the RNG program in its maritime division will reduce greenhouse gas emissions by almost 50 percent, while implementing longer term solutions to phase out fossil fuels.

For the latest articles on the RNG sector, click on the links below!

Feb 3-10, 2023

Goldman Sachs invests €1 billion into biomethane via Verdalia Energy

Northern Biogas acquires three additional dairy RNG projects

Port of Seattle to buy RNG

Greenlane Renewables
Email: IR@greenlanerenewables.com
Phone: 604.493.2004
Address: 110 - 3605 Gilmore Way, Burnaby BC V5G 4X5, Canada.