The Greenlane Digest

Welcome to our monthly recap, where we combine the latest in the RNG industry with exclusive Greenlane Renewables updates, as we collectively navigate the path to a more sustainable future.

Some great industry developments are at work as we continue to cover the RNG space!

Greenlane’s Latest News

Greenlane Renewables Announces 2025 Strategy in Letter to Shareholders

Greenlane Renewables released a letter to shareholders from CEO, Brad Douville, providing an update on the Company’s 2025 strategy.

Dear Fellow Shareholders,

As 2025 unfolds, in a time of significant political uncertainty, we remain resolute and committed to our mission of accelerating the energy transition. Our 2025 strategy involves advanced products, superior project execution, a strong parts and service platform, and royalty revenue all while being underpinned by financial discipline with relentless focus on improving adjusted EBITDA results and maintaining healthy cash reserves. Greenlane is transforming energy production and creating new, sustainable revenue streams for its customers, all while dramatically reducing carbon emissions.

The global renewable natural gas (RNG) industry in which Greenlane participates is dynamic and fast growing. According to the International Energy Agency’s Q3 2024 Gas Market Report, global RNG production doubled from 2018 to 2022 and is forecast to double again from 2023 to 2027 reaching over 1.5 bcf/d (over 16 bcm) by 2027 led by Europe and North America. This corresponds to a 19% compound annual growth rate. In Brazil, a market still early in its maturation and where biomethane production is expected to quadruple from 2023 to 2027, Greenlane is the market leader.

Click HERE to read the complete shareholders letter news release.

Greenlane’s Product Insights

Coming soon! Cascade LF - Landfill Gas Upgrading

The industry benchmark for methane recovery is between 80% and 95%. Today's advanced landfill gas upgrading technology is expensive and doesn't perform well enough. The challenge is to achieve low cost and high performance, especially when removing O₂ and N₂. Greenlane is working on solving this with our upcoming Cascade LF product line. Stay tuned for more details!

Industry News

Major Companies Advocate for Biomethane Rollout to Support Decarbonisation Pathways

Leading biomethane offtakers have come together in the Biomethane Offtakers Declaration, to call for higher support for biomethane production and offtake. Led by the European Biogas Association, this initiative emphasises biomethane’s essential role in achieving Europe’s climate neutrality objectives while ensuring the continent’s global competitiveness.

Biogas and biomethane are key solutions for the decarbonisation of EU industries, offering the most cost-effective and scalable renewable energy sources available today. Produced locally, these renewable gases enhance energy security, reduce emissions, and position Europe as a global leader in sustainable and competitive technologies. “The European Commission’s net-zero target requires a profound transformation of our energy systems, driven by renewable energy, infrastructure development, and new market opportunities. To achieve this in the most competitive way, sustainable biomethane has a vital role to play in the upcoming Clean Industrial Deal, serving as an essential component of this transformation by providing defossilisation solutions, enhancing energy security, and strengthening Europe’s industry”, explains EBA CEO Harmen Dekker.

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Investment in New U.S. Biogas Systems Grows by $3 Billion in 2024, a 40% Increase and New Record

Congresswoman Hillary Scholten (D-MI) and Congressman David Valadao (R-CA) introduced the Agricultural Environmental Stewardship Act of 2025 to extend the Section 48 investment tax credit (ITC) for qualified biogas properties.

“Extending the Sec. 48 ITC is common sense,” said Scholten. “If we want to secure America’s green future, we must ensure that producers have the clarity necessary to make critical investments in biogas. My bill would put West Michigan’s agricultural community at the forefront of the clean energy transition while cutting harmful greenhouse gas emissions and lowering costs for families across the country. I’m glad to work with my California colleague, Rep. Valadao, to introduce solutions that support communities across the country.”

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RNG Coalition Sponsors Introduction of California Biogas Bill

California Sen. Timothy Grayson (D-9) on Feb. 14 introduced California Senate Bill 377 (SB-377), legislation that modifies the state’s renewable natural gas (RNG) procurement framework and authorizes utilities to recover costs associated with RNG interconnection investments. RNG Coalition sponsored this bill and considers it a top priority as it directly impacts the expansion and affordability of in-state RNG projects.

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RNG Coalition Anticipates Resolution on Critical LCFS Amendments

Sam Wade, vice president of public policy for RNG Coalition, released the following statement after the California Air Resources Board’s (Office of Administrative Law disapproved the amended Low Carbon Fuel Standard due to technical issues in CARB's initial submission:

"RNG Coalition strongly supports the updated Low Carbon Fuel Standard package adopted last year, which is vital for expanding the role of renewable natural gas in California’s clean transportation future. We are confident that CARB will swiftly address OAL’s concerns and move forward with implementing these critical updates, which were finalized on the heels of an extensive and inclusive public comment process carried out last year.

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Thank you for your time and interest in Greenlane Renewables and have a great day!