January 3rd Issue of Greenlane Digest
IN THE NEWS
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 announced a new $8.3 million biogas upgrading contract for a customer in California that will upgrade landfill gas to pipeline-spec biomethane for direct injection into the SoCalGas local gas distribution network, meeting the utility’s stringent Rule 30 quality specs. To date, there are no projects upgrading landfill gas for direct injection into the SoCalGas network. In addition, the residual off-gas from the upgrading process will be blended with natural gas to generate on-site power, marking what may be the only RNG project to target 100% methane recovery.
Greenlane also appeared on Robert McWhirter’s Canadian small cap stock segment on BNN Bloomberg, where the portfolio manager discussed Greenlane’s contract win and his outlook on the company, including impressive growth in Greenlane’s contract bid universe and a relatively inexpensive valuation.
The world’s largest cruise ship operator, Carnival, has begun testing anaerobic biodigesters on its ships to improve its food waste practises and environmental record. The trial, which involves three different biodigester machines, is being evaluated on 15 ships, with 12 more planned in the near term. Carnival serves millions of meals each year, so commercial implementation of food waste digestion could significantly reduce Carnival’s environmental impact and carbon footprint.
For the latest articles on the RNG sector, click on the links below!
December 27, 2019 – January 3, 2020
Address: 110 - 3605 Gilmore Way, Burnaby BC V5G 4X5, Canada.