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 to announce Q4 and fiscal year 2022 results on March 9, 2023 and host conference call
Greenlane intends to announce its 2022 fourth quarter and fiscal year financial results on Thursday, March 9th, 2023 after markets close, followed by a conference call at 5:00 PM ET (2:00 PM PT). Representing management will be Brad Douville, President and Chief Executive Officer and Monty Balderston, Chief Financial Officer. The public is invited to listen to the conference call in real time by telephone. To access the conference call by telephone, please dial: 1-888-396-8063 (North America toll-free) or 1-416-764-8652. Callers should dial in 5-10 minutes prior to the scheduled start time and ask to join the Greenlane Renewables conference call.
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 more than 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!
Japanese city gas utilities intend to introduce a framework of "clean gas certificates" for e-methane and biogas in the fiscal year 2024-25 to aid acceleration in carbon neutrality, according to a top official at the Japan Gas Association. The city utilities view the introduction and expansion of e-methane and biogas as among key steps to decarbonise the country's city gas, which is currently supplied from regasified liquid natural gas (LNG) and domestically-produced natural gas.
A European biomethane platform backed by Macquarie Asset Management’s Green Investment Group (GIG) has launched operations under a new brand, VORN Bioenergy, following GIG's acquisition of BayWa Bioenergy GmbH via the Macquarie Green Investment Group Energy Transition Solutions fund just over three months ago. VORN is active across the full asset lifecycle and it develops, constructs and operates biomethane projects which provide biomethane and power to local energy companies, industrial companies and energy traders. VORN’s current portfolio comprises five operational plants in Germany, which produce approximately 140 GWh of biomethane annually, and the company has continued to progress and expand its development pipeline. VORN recently secured an environmental permit for its first project in Italy, and has begun exploring opportunities in Spain.
Divert Inc. announced a $1 billion infrastructure development agreement with Enbridge, solidifying the company's leadership in solving the wasted food crisis and delivering on its mission to decarbonize the food value chain and combat climate change. In addition, Divert secured $80 million in growth equity from Enbridge and also $20 million led by current investor Ara Partners. The infrastructure agreement will support the development of food waste-to-RNG facilities across North America. This will accelerate Divert's expansion of anaerobic digestion facilities to sustainably convert wasted food into clean renewable energy, with the potential to offset up to nearly 400,000 metric tons of carbon dioxide annually.
For the latest articles on the RNG sector, click on the links below!
Feb 24-Mar 3, 2023
Japan plans to implement “clean energy” biogas certificates
Macquarie Asset Management launches VORN Bioenergy
Divert announces $1 billion infrastructure development agreement with Enbridge for food waste-to-RNG facilities
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