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June 23rd 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 issued the following news release this week:

Greenlane announces results from 2023 Annual General Meeting of shareholders

Greenlane announced the results from its 2023 Annual General Meeting of Shareholders held on June 21, 2023. Shareholders approved all matters submitted to them for approval at the annual general meeting, including election of all nominated directors and the appointment of PricewaterhouseCoopers LLP as the Company’s auditor.

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 35 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 over 140 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!

Vanguard Renewables announced an agreement with AstraZeneca to supply RNG for the pharmaceutical company’s U.S. operations. AstraZeneca began purchasing RNG from Vanguard on June 1 for its Newark, Delaware, campus. The business-to-business agreement on the voluntary market is Vanguard’s largest to date and will involve three of its farm-based anaerobic digesters. The company has been working to scale up its on-farm digestion capacity after it was acquired by BlackRock for roughly US$700 million last year. The 15-year agreement is one of the largest ever RNG purchases on the voluntary market in North America. It spans seven AstraZeneca facilities and includes about 650 million cubic feet of RNG, plus the option for AstraZeneca to take an additional 300 million cubic feet of RNG per year.

Bioenergy Europe released its Biogas Statistical Report 2023, in collaboration with the European Biogas Association (EBA). The report presents recent trends for the consumption and production of biogas and biomethane within Europe. Its accompanying Policy Brief includes the most pragmatic legislative recommendations to best promote integration of the energy system and renewable energy carriers - such as biogases. In 2021, the European biogas market continued its growth trajectory, with biomethane growing 20% year-on-year and reaching 15.075 ktoe in terms of gross inland energy consumption of combined biogas and biomethane, the report found.

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

Jun 16-23, 2023

Vanguard Renewables strikes largest open-market RNG deal yet with AstraZeneca

Bioenergy Europe releases Biogas Statistical Report 2023

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