February 11th 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 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 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!
New data from NGVA Europe shows there was rapid growth in the use of biomethane as a transport fuel in Europe in 2020. The leading countries offering biomethane as a transport fuel in 2020 were Denmark and Sweden, supplying shares of 100% and 95% biomethane at their 17 and 205 CNG stations, respectively. Today, the European gas refuelling infrastructure network consists of more than 4,110 CNG and 499 LNG stations, where a significantly higher amount of biomethane is available compared to 2020.
As part of a strategic update released along with its Q4 2021 results, global energy company bp announced plans to significantly ramp its energy transition-focused investments over the next several years, along with the unveiling of more extensive and ambitious emissions reduction goals. bp now aims to reduce operational emissions by 50% by 2030 and is targeting net zero lifecycle emissions from the energy products it sells by 2050 or sooner. Biofuels, including biogas, remain one of bp’s transition growth engines, and the company sees opportunity for considerable growth in biogas in the U.S., Europe, and the U.K. The company plans to allocate over 40% of its total capital expenditures to energy transition growth businesses by 2025.
Clean Energy Fuels, along with its industry partner Union Energy Solutions Limited Partnership, an unregulated affiliate of Enbridge Gas Inc., announced it has signed an agreement to fuel United Parcel Service (UPS) Canada delivery fleet vehicles with compressed natural gas (CNG) at its London, Ontario station. UPS Canada has converted 25 package delivery vans to operate on CNG, a lower carbon alternative to gasoline. The Clean Energy-operated CNG fueling station, located near the UPS facility in London, will provide an anticipated 2,000,000 litres (525,000 gasoline gallon equivalent) of CNG in a multi-year agreement. CNG is an important part of UPS’s strategy to increase its use of alternative fuel and reduce emissions.
Alternative and renewable fuels supplier U.S. Gain announced a partnership to supply RNG as a feedstock for hydrogen production, enabling a greener fueling solution for the California transportation market. Hydrogen producers are quickly learning the importance of feedstock selection in the production process, especially when the hydrogen is distributed in regions with established clean fuel programs. Leveraging RNG in the hydrogen production process can dramatically impact the hydrogen’s carbon intensity (CI) score. A lower CI score translates to improved environmental benefits and additional economic value. For hydrogen producers, the best low-carbon scenario comes from dairy-based RNG, which results in a CI score as low as -300.
For the latest articles on the RNG sector, click on the links below!
Feb 4-11, 2022
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