June 25th 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 issued the following news releases this week:
Greenlane announced that shareholders approved all matters submitted to them for approval at the annual general meeting. In addition, senior management of Greenlane have been invited to present at several institutional investor conferences with the opportunity to reiterate Greenlane’s strong growth prospects within the rapidly expanding RNG 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 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 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!
Tulsa, Okla.-based natural gas distributor One Gas is focusing on industrial and large business customers as potential off-takers for RNG projects that One Gas aims to develop. The company believes these large customers could provide a crucial demand base that helps to drive uptake of RNG in the company’s distribution network covering Texas, Oklahoma, and Kansas. One Gas is targeting companies that have emissions goals they are trying to achieve which in turn will drive demand for larger volumes of RNG.
Dairy is the leading agricultural product in California, yet the sector only accounts for 4% of the state’s total GHG emissions which is a testament to dairy farmers’ efforts to reduce methane emissions through investment and innovation. According to a 2020 study published in the Journal of Dairy Science, GHG emissions per gallon of milk produced in California have decreased by more than 45 percent over the last 50 years. The use of anaerobic digesters, which turn manure into biogas, are driving much of this progress and provide a superior alternative to natural gas through the production of biogas and RNG. The energy produced is a renewable source that can efficiently supplement electric power for not only farms but for entire communities.
Southwest Gas, a natural gas utility servicing over two million customers in Arizona, California, and Nevada, is working with RNG developers to interconnect various projects across its service areas to bring RNG to its customers. The utility currently has five projects approved, one in California and four in Arizona, that will produce pipeline-spec RNG for direct injection into Southwest Gas’ distribution system soon. Southwest Gas continues to work on identifying additional opportunities that will introduce more RNG to its customer base.
UGI Corporation, a gas transportation and distribution company based in the U.S. Northeast, expects to spend over $1 billion on renewable gas investments over the next five years. The company has announced several renewable energy initiatives this year, including a joint venture to process RNG from dairy waste in upstate New York and an interconnection agreement with a large RNG supply project in Pennsylvania. UGI intends to grow its RNG business over the long-term by building a diversified portfolio of projects and expanding contractual arrangements with counter-parties willing to enter long-term, fixed-priced contracts for RNG.
For the latest articles on the RNG sector, click on the links below!
June 18-25, 2021
Address: 110 - 3605 Gilmore Way, Burnaby BC V5G 4X5, Canada.