July 29th 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.
This week Greenlane announced that its 2022 second quarter financial results will be released on Tuesday, August 9th, 2022 after markets close, followed by a conference call at 5:00 PM ET (2:00 PM PT) with Brad Douville, President and Chief Executive Officer and Monty Balderston, Chief Financial Officer. Click here for call details and to read the news release.
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.
Biogas markets continue to expand with news that gas produced from local landfill waste entered Portugal’s supply network for the first time, through an innovative project underway in Mirandela, Bragança district. Duarte Cordeiro, Portugal’s minister of environment and climate action, was on site to witness the first injection of biomethane into the natural gas and said the “project ticks several strategic boxes for the country, as it takes advantage of bio-waste and the capacity of landfills to produce biogas and transform it into renewable gases – which will reduce national dependence on imported gas. The Portuguese government intends to replicate projects like this through incentives to municipalities.
Utilities in Canada are embracing RNG for its potential to play a sizable role in the reduction of methane emissions by capturing the climate-warming gas, rather than letting it into the atmosphere from landfills. For many, natural gas is seen as a necessary bridge as Canada undergoes the transition from higher-carbon coal and oil to renewables such as wind and solar. Since 2010, global switching to gas from coal for power generation has saved more than 500 million tonnes of carbon dioxide from spewing into the atmosphere, according to the International Energy Agency. That is equal to swapping 200 million internal combustion engine cars for electric vehicles.
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!
For the latest articles on the RNG sector, click on the links below!
Jul 25-29, 2022
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