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 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.
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!
US refiner Marathon Petroleum Corp. announced the acquisition of a 49.9% interest in LF Bioenergy, an emerging producer of RNG in the United States for $50 million, with an additional $50 million based on the achievement of predetermined earn-out targets. LF Bioenergy has been focused on developing and growing a portfolio of dairy farm-based, low carbon intensity RNG projects. Current projects are under various stages of development, with the first facility nearing completion and expected to be in service in the first half of 2023.
With the support of the European Investment Bank, Ukraine plans to build five biomethane plants by the end of this year, as well as five more next year, which will bring Ukraine closer to replacing natural gas imports. It is expected that most biomethane in Ukraine can be generated from grain straw and corn stalks, which are usually left in fields after harvest. The production of biomethane from agricultural products is seen as a step towards Ukraine's energy independence.
The European Biogas Association (EBA) praised the European Parliament’s move to increase the rate of renovations and reduce energy consumption and greenhouse-gas emissions in the EU building sector by 2030. The EBA stated that the European Parliament has clearly recognised the decarbonisation potential of heating technologies that are certified to run on renewable gases, such as biogas and biomethane. According to the European Commission, buildings in the EU are responsible for 40% of energy consumption and 36% of greenhouse gas emissions.
RNG projects will be part of multi-billion-dollar energy infrastructure investments announced by Canadian energy developer Enbridge Inc. and New Jersey's largest utility. Enbridge will include the projects in the $2.4 billion it said it is committing to this year for natural gas and liquids infrastructure and renewable projects, while New Jersey utility PSE&G said it seeks approval to invest US$2.5 billion to overhaul its natural gas infrastructure, which will feature demonstrations to introduce RNG and hydrogen into its system. That investment by PSE&G, which is planned over a three-year horizon, includes a US$123 million RNG project that will allow injection of gas from landfills into the distribution system, and a US$29 million hydrogen demonstration project that will blend up to 2% clean hydrogen with the natural gas. Projects to produce RNG from organic waste are among those now eligible for a new, 10-year tax credit from the Inflation Reduction Act climate mitigation funding law enacted last year. More than 500 such projects are underway in the U.S. gas-utility sector, about half now operating, Karen Harbert, CEO of the American Gas Association, told the CERAWeek by S&P Global conference this month in Houston.
For the latest articles on the RNG sector, click on the links below!
Mar 10-17, 2023
Marathon Petroleum Corp. announces acquisition of a 49.9% interest in emerging RNG producer
Ukraine plans to build 10 biomethane plants in two years
EBA praises European Parliament for recognition of the decarbonization potential of renewable gas heating technologies
RNG projects eyed by Enbridge and NJ utility PSE&G
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