February 18th 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!
Trucking companies are making bold commitments to cut their carbon footprint, such as becoming net zero by a certain date. After the commitment is made, the hard work begins. Achieving net zero or better requires more than operational improvements. RNG has emerged as the leading pathway for low carbon, clean air trucking and is helping sustainable companies decarbonize their transportation today. RNG is the lowest carbon fuel available and offers an affordable alternative to diesel now that is proven and scalable, and companies like Amazon, UPS, Waste Management, SAIA, Estes, and TTSI are deploying thousands of RNG trucks today.
Shell said it became the first fuel supplier in the Netherlands to offer bio-LNG to all its customers, following the launch of a new plant in Amsterdam. The plant opened in late 2021 and is the first bio-LNG installation in the country. Customers can now fill up with Shell BioLNG and the bio-LNG in Shell’s Dutch LNG network will be mixed with regular LNG soon. Shell expects to be able to supply 100 per cent BioLNG to its entire fueling network in both Germany and the Netherlands by mid-2023.
According to the European Biogas Association (EBA), the price of biomethane today can be 30% lower than current natural gas pricing. Biomethane can be produced starting from €55 per MWh, whereas natural gas costs around €80/MWh, without considering CO2 prices. This renewable gas will likely remain cheaper than natural gas in the short- and long-term. While other renewable gases, such as green hydrogen, need time to scale up and are still two-to-four times more expensive, biomethane is available and scalable within the coming eight years. The rapid scale-up of biomethane across Europe could provide at least 34 billion cubic metres of renewable gas by 2030 if underpinned by supportive legislative framework. This represents around 10% of total EU gas demand by 2050. The EBA believes, if the growth trend continues, the biomethane industry could cover 30-40% of EU gas demand by 2050.
For the latest articles on the RNG sector, click on the links below!
Feb 11-18, 2022
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