February 21st Issue of Greenlane Digest
IN THE NEWS
Greenlane Closes $11.5 million Unit Offering
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!
Greenlane closed its previously-announced $11.5 million equity raise, which included full exercise of the underwriters’ over-allotment option. Please click on the link above to see the related news release. For the complete set of news releases related to the financing, Click Here.
California’s dairy farms are close to reaching the halfway point in the state’s world-leading target to reduce methane production from manure on farms. Two large projects receive funding from the state, with a total of 213 dairy families participating in the programs, which have spurred more than 229 dairy methane reduction projects to date. Together, all of the projects are reportedly removing 2.2 million metric tons of GHGs, which is equivalent to removing more than 460,000 cars from the road.
The Austin-Bergstrom International airport in Austin, Texas, is targeting a reduction in its carbon footprint by approximately 20 percent using RNG. RNG is being incorporated into the airport’s shuttle bus fleet, with half of the vehicles using propane and half using RNG sourced from 100% organic waste.
In the UK, the city of Bristol has launched 77 biomethane-powered buses. The RNG-fueled fleet will reduce emissions by up to 85% over traditional diesel-powered buses. Two fueling stations were constructed to support the initiative, with a total fueling capacity of 100 buses. The biomethane is sourced from food waste using anaerobic digestion.
For the latest articles on the RNG sector, click on the links below!
February 14-21, 2020
California's dairy farms reach major milestone in reducing methane emissions
Austin airport begins transition to RNG
City of Bristol launches 77 biomethane-powered buses
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