The Greenlane Digest

Investors

Greenlane Update, June 2024

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 Results From 2024 Annual General Meeting of Shareholders
~All nominated directors and proposed resolutions approved by shareholders~

Vancouver, British Columbia, Canada – June 26, 2024 Greenlane Renewables Inc. (“Greenlane”) (TSX: GRN / FSE: 52G) is pleased to announce the results from its 2024 Annual General Meeting of Shareholders held on June 26, 2024 (the “Meeting”). Shareholders approved all matters submitted to them for approval at the annual general meeting. The results of the voting are set forth in the complete news release HERE.

Greenlane Renewables to Participate in Upcoming Investor Conference

Vancouver, British Columbia, Canada – June 19, 2024 Greenlane Renewables Inc. (“Greenlane”) (TSX: GRN / FSE: 52G) today announced that the company will be participating in the 2024 Canadian Climate Investor Conference (“CCIC”) on June 25, 2024. The event is being held at the MaRS Discovery District, in Toronto, ON.

Ian Kane, President & CEO of Greenlane will be discussing the opportunities for Greenlane for the second half of the year and present how the company is accelerating the energy transition to a net-zero emissions economy. Ian will also share how Greenlane is cleaning up two of the largest and most difficult to decarbonize sectors of the global energy system: the natural gas grid and commercial transportation.

Read here for the complete press release.

Greenlane’s Product Insights

Greenlane in action: Upgrading biogas from landfills

Landfills produce biogas from decomposing waste and are also the world’s third-largest source of emissions from methane, a potent greenhouse gas that traps 30 times more heat in the atmosphere than carbon dioxide. Gas collection systems at landfills help reduce emissions and odours, but may struggle with managing nitrogen and oxygen levels. Landfill gas also contains contaminants like siloxanes, volatile organic compounds, and hydrogen sulfide.

Enter Greenlane's Cascade PSA LF, a biogas upgrading system that uses pressure swing adsorption (PSA) technology to clean the gas by removing impurities, creating clean biomethane or renewable natural gas. The Cascade PSA LF helps landfill operators manage gas variability and quality, and meets pipeline quality standards without extra equipment.

Learn how PSA technology works and why it's the best fit for challenging raw gas qualities, particularly when nitrogen and oxygen are present: Click HERE to learn more!

Industry News

New EU Climate Law Requires Companies to Green Their Operations – Locally and Globally

The EU has introduced new laws requiring big business to operate in a way that keeps global warming to the Paris Agreement limit of 1.5C. The legislation will drive investments toward clean, green energy and circular economy solutions to climate change, such as AD and biogas.

The Corporate Sustainability Due Diligence Directive was adopted at the end of May. It is amongst the first legislation of its kind to set a legally binding obligation on companies to undertake ‘climate due diligence’ in their operations. This includes all supply chains. Where adverse impacts are identified they should be ‘effectively addressed’, including the termination of contracts.

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RNG-Fueled Trucks ID’d as ‘Most Compelling Carbon Reduction Strategy’

As the trucking industry’s decarbonization efforts continue with a major focus on developing battery-electric and hydrogen fuel cell technologies, natural gas - specifically renewable natural gas (RNG) - continues to increase in popularity in both production and fleet usage.

RNG, also known as biomethane, is a carbon-negative biogas that has been upgraded to be similar in quality to fossil natural gas. It's sourced from municipal solid waste landfills, livestock, wastewater treatment plants, and food production facilities, among others.

Noted in the article, a spokesman for Hexagon Agility “If you’re using something like a gas generated from the landfill then it’s extremely low carbon. Any form of RNG is the most friendly and most compelling carbon reduction strategy you could have,"

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€25 Billion in Private Investments Secured for the Growth of the Biomethane Sector in Europe by 2030

The European biomethane sector will receive an injection of €25 billion in private investments by 2030, according to a European Biogas Association (EBA) analysis released today.  This represents a 30% increase compared to last year's estimates. The 2nd edition of the Biomethane Investments Outlook forecasts €2.1 extra billion investments in the pipeline, but yet to be allocated.

The projected investments by 2030 will result in the installation of 950 new biomethane plants across Europe, alongside the 1,300 facilities already operational. This will add 6.3 billion cubic meters (bcm) of biomethane capacity annually to the continent, which could contribute to avoiding nearly 29 million tons of CO2 emissions each year, providing renewable energy to 5 million European households year-round, and producing 830 thousand tons of fertilizer annually.

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Get some Background on Digestate Nutrient Reuse and Recovery Technology in this Summary

The Canadian Biogas Industry - Thanks to a growing global awareness of climate change, an urgency to reduce greenhouse gas (GHG) emissions, and the demand for more sustainable waste management practices and energy systems, biogas production is a growing industry in Canada.

In 2021, Canada has nearly 300 biogas & RNG projects already reducing 8 Mt of GHG emissions, processing two million tonnes of manure, crop residues, source separated organics, and organics waste from industrial, commercial, and institutional (IC&I) operations annually, and generating over 20 PJ of energy from agricultural anaerobic digesters (AD), industrial AD, municipal and industrial wastewater treatment facilities, and landfills.

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