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 Signs Two Service Contracts With International Energy Company
On November 6th, Greenlane announced two service agreements signed with an international energy company for two of its dairy RNG project sites in the United States for which Greenlane previously supplied the biogas upgrading systems. Greenlane is expanding its presence in North and South America through maintenance contracts of its 3-tiered service offerings branded as Bronze, Silver and Gold designed to meet diverse customer needs. The customer's name has not been disclosed at this time.
“With over 20 biogas upgrading systems commissioned in the last two years and over 145 systems deployed globally in total, Greenlane has a large target customer base for our enhanced service offerings executed by our growing team of talented service specialists,” said Brad Douville, CEO of Greenlane. “We have expanded our offerings through our new, turn-key H2S media change-out service, which so far has been well received, having completed four of them in the past five months.”
Read here for the complete press release.
Greenlane Renewables Announces Third Quarter 2024 Financial Results
On November 7th, Greenlane announced its financial results for the third quarter ended September 30, 2024. Third Quarter Highlights from Continuing Operations Include:
“Greenlane's third-quarter performance demonstrates our commitment to diligent completion of biogas upgrading system contracts, disciplined cost management and realizing operational efficiencies, leading to an increase in revenue over the same quarter last year and a substantial improvement in our cash balance and Adjusted EBITDA,” said Brad Douville, CEO of Greenlane. “We have adapted and implemented changes to our cost structure appropriate for the opportunities in front of us through a reduction in workforce. Our stated goal of achieving positive Adjusted EBITDA for the full year depended upon signing new biogas upgrading system contracts that have experienced delays associated with our customers’ final decisions to start construction. As a consequence, while we maintain our goal of positive Adjusted EBITDA, we have determined that it will not be achieved in 2024.”
Read here for the complete press release.
Greenlane Renewables Announces $6.5 Million Landfill Gas-to-RNG System Sale
On November 12th, Greenlane announced that it has secured a $6.5 million contract to provide a new system for upgrading biogas produced at a landfill in Canada into pipeline-quality renewable natural gas (“RNG”). The customer’s name and further contract details have not been disclosed at this time.
“We’re seeing traction on the further build out of RNG-producing facilities in Canada and the acceleration of decarbonization through renewable energy infrastructure,” said Brad Douville, CEO of Greenlane. “Beyond our commitment to decarbonization, we're deeply committed to our customers' success and are set to begin order fulfillment immediately.”
Read here for the complete press release.
Greenlane’s Product Insights
Turning Residue Into a Resource: Airdep's Success in Tuscany
Greenlane's wholly-owned subsidiary Airdep S.r.l. (“Airdep”) was featured in the Biogas World Magazine: Italy edition. In 2023, Airdep installed its DBC 2000 series biogas desulfurization unit in Tuscany, Italy, achieving a significant milestone in reducing hydrogen sulfide (H2S) levels from 12,000 ppm to less than 80 ppm at a flow rate of 2000 Nm3/h. This innovation marked a breakthrough in pollutant abatement, chemical savings, and reduced maintenance costs, with the client recouping their investment within a year. The unit, replacing traditional activated carbon systems, transforms H2S into elemental sulfur, a valuable agricultural resource. Airdep also developed systems to eliminate volatile organic compounds and reduce ammonia, promoting sustainable energy recovery.
Read the full article in BioGas World magazine.
Industry News
The American Biogas Council Issues Statement on California Air Resources Board Approval of Amendments to Low Carbon Fuel Standard
California’s Air Resources Board (CARB) recently voted to approve amendments to the state’s Low Carbon Fuel Standard (LCFS). The changes impact the biogas industry and its role in delivering fuel and greenhouse gas emission (GHG) reductions to California. Patrick Serfass, Executive Director of the American Biogas Council, issued the following statement in response:
“Today’s approval of LCFS program amendments by the California Air Resources Board provides the clear signal to the biogas development market that is needed to facilitate and encourage continued investments in new biogas projects. Biogas systems capture potent methane emissions, supply a carbon-negative fuel, and provide real emissions reductions and real results to decarbonize California’s transportation sector.
Greenlane Renewables Announces $6.5 Million Landfill Gas-to-RNG System Sale
As captured by the American Biogas Council news stream, Greenlane recently announced that it has secured a $6.5 million contract to provide a new system for upgrading biogas produced at a landfill in Canada into pipeline-quality renewable natural gas (“RNG”). The customer’s name and further contract details have not been disclosed at this time.
“We’re seeing traction on the further build out of RNG-producing facilities in Canada and the acceleration of decarbonization through renewable energy infrastructure,” said Brad Douville, CEO of Greenlane. “Beyond our commitment to decarbonization, we’re deeply committed to our customers’ success and are set to begin order fulfillment immediately.”
World Biogas Association’s #MakingBiogasHappen Programme Hailed as a Climate Solution at COP29
The World Biogas Association’s #MakingBiogasHappen (MBH) programme featured as a key climate solution at COP29 in Baku, as the world doubles down on cutting methane emissions to keep the Paris Agreement targets alive.
MBH was included in the report the Walking the Walk, Reducing Methane Emissions from Agri-Food Systems. It was officially launched during the high-level event “The NDC 3.0 Navigator: A Deeper Dive on Methane Reduction in Food Systems” at COP29 in Baku on 19 November. Dr Pradeep Monga, WBA’s Senior Advisor and Policy Director, spoke at the event.
Source: AFVi
UPS Pushes for Carbon Neutrality with Diversified Low-Carbon Strategies, Electrification
UPS has set a target to achieve 100% carbon neutrality by 2050, leveraging a mix of alternative fuels, fleet electrification, and operational efficiencies to meet its sustainability goals. The plan includes milestones like using 40% alternative fuels in ground operations by 2025, sourcing 25% of its facilities’ power from renewables by 2025, and cutting CO2 per delivered package in half by 2035, said Gordon Reed, UPS director of industrial engineering.
The company employs compressed natural gas (CNG) and hybrid vehicles for suburban operations with average ranges of 160 km, liquefied natural gas (LNG) and renewable natural gas (RNG) for regional routes spanning 650-965 km, and electric and ethanol-powered vehicles for city centers with ranges under 95 km.
Divert and PG&E Announce First-of-its-Kind Interconnection in California
As part of Divert’s mission to Protect the Value of Food™, they announced a first-of-its-kind interconnection in the state of California to address the wasted food crisis. Divert’s facility in Turlock, California is now processing unsold food products into carbon-negative renewable energy, which is being injected into PG&E’s natural gas transmission line.
The Turlock Integrated Diversion & Energy Facility will be able to process 100,000 tons of unsold food products a year. Nearly 225,000 MMBtu of Renewable Natural Gas (RNG) will be delivered into PG&E’s system. Divert’s facility will also mitigate approximately 23,000 metric tons of CO2 emissions annually, equivalent to removing approximately 5,000 gas-powered cars from the road.
Could There be a Connection Between AI and NG/RNG?
In a Reuters article, Chevron CEO Michael Wirth criticized U.S. President Joe Biden's administration for what he described as "attacks on the natural gas” industry and emphasized the crucial role of Permian natural gas in powering the rapid growth of artificial intelligence (AI).
The CEO’s remarks followed new government plans over policies to prevent power-hungry AI data centers from undercutting U.S. climate goals. Last week, the White House launched a task force on AI Datacenter Infrastructure to coordinate policies in line with the government's economic and environmental goals.
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