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TSX GRN
LAST 0.69
CHANGE -0.03

January 21st 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 125 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.

THE LATEST

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!

The B.C. government has awarded funding for multiple clean energy projects in Indigenous communities through the First Nations Clean Energy Business Fund (FNCEBF).  As part of the funding, the Sqéwqel Development Corporation (Seabird Island Band) has been awarded $50,000 for a feasibility study to determine the viability of becoming an RNG supplier and building a new RNG plant.

Hyzon Motors Inc., a leading supplier of hydrogen-powered fuel cell electric vehicles focused on commercial markets, and Transform Materials, a provider of renewable hydrogen through a proprietary technology, announced an MoU to evaluate proposals to develop facilities to produce low-to-negative carbon intensity hydrogen from various forms of methane, prioritizing biogas and RNG.  Transform’s technology to be employed in these projects produces hydrogen as a co-product with acetylene, providing significantly advantaged hydrogen cost structures while yielding significantly negative carbon-intensity products, particularly when utilizing biogas as the feedstock.

Macquarie Capital, the corporate advisory, capital markets and principal investing arm of Macquarie Group, announced the launch of Aerogy, a platform that develops, operates, and invests in RNG infrastructure projects that convert waste into low-carbon energy. Aerogy will initially focus on funding and accelerating projects in the broader RNG and renewable fuels landscape and plans to expand into renewable diesel, sustainable aviation fuel and hydrogen.

Under a new proposal put forward by FortisBC to the British Columbia Utilities Commission (BCUC), every newly constructed home connecting to the gas system would automatically receive 100 per cent RNG for the lifespan of the building. The approval of this proposal would mark a new era in the evolution of the company's renewable energy programs.  If approved, this change would provide home builders, real estate developers and new homeowners with another path to meet provincial GHG emission reduction targets.  FortisBC is currently on pace to exceed its target of having 15 per cent of its gas supply being renewable by 2030 and is working towards having about 75 per cent of its supply be renewable by 2050.

For the latest articles on the RNG sector, click on the links below!

Jan 14-21, 2022

BC awards funding for Indigenous clean energy projects, including RNG venture

Biogas and RNG a priority feedstock for Hyzon Motors' renewable hydrogen partnership

Macquarie Capital forms RNG platform

FortisBC proposes to provide 100 per cent renewable gas to all new homes

Greenlane Renewables
Email: IR@greenlanerenewables.com
Phone: 604.493.2004
Address: 110 - 3605 Gilmore Way, Burnaby BC V5G 4X5, Canada.