TSX GRN
LAST 0.28
CHANGE -0.01
TSX GRN
LAST 0.28
CHANGE -0.01

March 31st 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 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!

Republic Services, a leader in the environmental services industry, announced a significant expansion of its organics recycling operations in California with the acquisition of North State Bioenergy, an anaerobic digestion facility north of Sacramento. California requires the diversion of food and yard waste from landfills as part of its climate strategy, and this important infrastructure will play a key role in helping Republic customers comply with the law and meet their own sustainability goals. The North State Bioenergy facility recycles food waste and other organics collected from across Northern California. The anaerobic digestion process breaks down this organic material and creates biogas, which can be used to generate electricity or converted into RNG to fuel vehicles in Republic's fleet. Republic has extensive operations in California to support organics recycling, including six compost facilities and three commercial food waste pre-processing sites. The North State facility is the Company's first anaerobic digester.

Ninety-seven percent of heavy trucks continue to be powered by diesel, and in Europe the share even increased by half a percentage point from 2021 to 2022. As an alternative to diesel, RNG can reduce carbon dioxide emissions by 80-200 percent on a well-to-wheel basis, considering how the fuel is produced, and be delivered using traditional natural gas pipelines. Today, 64 percent of the natural gas used for U.S. transportation is renewable. In California, the share is 98 percent. The path to decarbonization of the transportation sector can be accelerated today by targeting the high-emitting long haul heavy-duty segment, and RNG solutions leverage technology, infrastructure and an energy source that is readily available today.

Oregon utility NW Natural's just-released request for proposals for RNG could attract enough RNG to clear the first hurdle in Oregon's decarbonization goals for natural gas utilities. In 2019, the Oregon Legislature passed Senate Bill 98, which sets voluntary goals for adding 30 percent RNG into the state's gas pipeline system by 2050. NW Natural targets using RNG to meet 5 percent of annual sales by 2024, increasing to 10 percent in 2025-2029, and ultimately growing to 30 percent in 2045-2050. NW Natural currently has enough RNG deals in place to meet 3 percent of its annual sales, but that figure could rise in the near future. NW Natural's current RNG portfolio includes supply contracts with five resources. It also purchases the renewable thermal certificates generated by an RNG facility at a wastewater treatment plant in New York City. The utility has contracts with RNG production facilities in Wisconsin, Utah, Nebraska and Kentucky through a third-party marketer.

BioTown Biogas (BTB) is activating its new digester and processing facility, one of the largest on-farm biodigesters in the world. BTB sources food waste, dairy manure, beef manure, and other agriculture waste to produce RNG and renewable electric power. The new facility, located in Reynolds, Indiana, is expected to generate more than 42 million kilowatt-hours of renewable power per year, while also producing more than three million gallons of renewable fuel per year. BTB’s energy assets were previously owned by BioTown Ag (BTA), a multi-generational family farm that has been a sustainability leader in the agricultural community for decades. BTA spun off the power business to BTB, in order to jointly partner with Green Rock Energy Partners, a sustainable infrastructure-focused private equity firm which invests in renewable energy companies and projects, and to expand its RNG business.

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

Mar 24-31, 2023

Republic Services expands organics recycling in California with AD facility

RNG framed as ‘low risk’ option to slash truck emissions

NW Natural tracking to meet initial Oregon RNG goal

BioTown Biogas commissions on-farm biodigester, among largest in the world

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