January 6th Issue of Greenlane Digest
IN THE NEWS
Greenlane (TSX:GRN) is a pioneer in the rapidly emerging renewable natural gas (RNG) industry. 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. As a leading global provider of biogas upgrading systems, we are helping to clean up two of the largest and most difficult-to-decarbonize sectors of the global energy system: the natural gas grid and the commercial transportation sector.
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 over 30 years of 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 135 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.
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!
California Bioenergy LLC (CalBio) announced a funding partnership, of up to US$500 million, with Brookfield Renewable and its institutional partners (Brookfield) to scale CalBio’s growth in RNG and other waste-to-energy opportunities. CalBio is currently capturing fugitive dairy methane and converting it into RNG from over fifty operational manure digesters. Brookfield is pursuing this investment through the Brookfield Global Transition Fund I, which is the largest fund in the world focused on the energy transition. With Brookfield’s funding and a supportive agricultural carbon price, CalBio plans to more than double RNG production over the next five years with continued expansion of its California digester projects and selective expansion into other States.
Biomethane as a transport fuel provides a sustainable and readily available alternative for conventional transport fuels. A recent paper authored by Floris Goedhart “Sustainable mobility in Europe: Potential market share for bio-LNG in the heavy-duty transport and maritime sectors in 2050”, shows that by 2050 liquified biomethane (bio-LNG) can reduce GHG emissions in the transport sector by 95% to 174%. This scenario is particularly encouraging for the maritime sector as it meets the target of 75% GHG emissions reduction by 2050 set in EU legislation. According to the European Environmental Agency, transport is responsible for 27% of Europe’s total GHG emissions and is a major contributor to climate change. The European Commission has recently set a target to increase the share of renewable energy in transport to at least 14% by 2030, including a minimum share of 3.5% of advanced biofuels. One of the options for the fast decarbonisation of the transport sector is to use bio-LNG, which is readily available for use at scale and with infrastructure in place.
Natural gas utility UGI Corporation announced that its joint venture partnership has entered an agreement to develop its second and third clusters of dairy manure waste to RNG projects in South Dakota. In total, these additional projects are said to represent approximately US$150 million of investment by the joint venture, and 100% of the funds will be provided by UGI Energy Services - a UGI subsidiary. Dairy waste from the projects will be anaerobically digested, producing biogas which will then be piped to a gas upgrading facility before it is delivered into the local natural gas distribution system. Both new projects are estimated to produce a combined 525 million cubic feet of RNG annually upon completion in 2024.
For the latest articles on the RNG sector, click on the links below!
Jan 1-6, 2023
California Bioenergy and Brookfield Renewable form strategic partnership to develop RNG projects
Bio-LNG can support Europe’s journey towards sustainable mobility by 2050
UGI Corporation announces $150M RNG expansion in South Dakota
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